Nick Tomaino
Founder and General Partner, 1confirmation. On 2 shows, 3 appearances. The Shows tab opens the full record on each.
investorfounderexecutive@NTmoney ↗LinkedIn ↗1confirmation.com ↗
Nick Tomaino is the founder and General Partner of 1confirmation, an early-stage crypto venture capital firm launched in 2017 managing over $1 billion in assets. Previously an early employee leading business development at Coinbase, he is widely recognized for backing foundational Web3 platforms including OpenSea, Polymarket, SuperRare, and dYdX.
2shows
3appearances
64statements
11resolved
8supported
2contradicted
73%fully supported
3said about them ↓ Everything Nick Tomaino said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Tomaino: Crypto VCs hype private tokens and dump them on retail
“A big part of the crypto VC game is doing these private token deals, and then you kind of build some prestige media narrative hype and then sell the token to retail, and then retail gets sucked in, and the VCs kind of dump tokens on retail. That's like a big G…”
Tomaino: Taylor Swift exemplifies soulless greed for money and attention
“To me, she's kind of the definition of someone that has this, like, soulless greed for attention and money, and is not authentic at all.”
Tomaino: Silicon Valley is driven by soulless greed, citing Sequoia Capital
“My sentiment in a lot of Silicon Valley is that it's very, there, there's a lot of soulless greed, and just this desire to create these kind of you know, massive funds create massive attention, and I think, again, Sequoia is the best example of this, and 1789,…”
Tomaino: Crypto tribes and economic alignment will reduce global violence
“So I actually think, like, crypto shilling, crypto tribes can reduce the amount of violence in the world in the long term and will.”
Tomaino: Donald Trump will run for president and win from a jail cell
“I think he'll be running and winning from a jail cell as well. The entertaining, the most entertaining outcome is is the most likely, right?”
Tomaino: NFTs will achieve greater mainstream adoption than cryptocurrencies
“Yeah, I mean, I think NFTs are gonna come back in a big way. I, I've said, and I think still you know, NFTs have a good chance to be you know, bigger than cryptocurrencies in terms of mainstream adoption. And the reason is because people, I think more people i…”
Tomaino: FTX was a perception fraud enabled by politicians and investors
“The people that got sucked into this perception game that FTX was playing that, you know, the politicians, the regulators, the investors, they all now are trying to just sweep it under the rug and say, oh, I didn't know about this financial fraud. It wasn't ju…”
Tomaino: Crypto fund managers must beat a 50/50 BTC/ETH benchmark
“I mean, as a venture manager, you get paid two and 20, maybe more, maybe a little more, maybe a little less, but those are meaningful fees. The reason that you get those fees is because you can outperform you know, an index and you know, every private equity F…”
Tomaino: Incumbent VCs would lose prestige if judged on fund performance
“If you know, everyone viewed Fund performance as the, you know, the metric of success, these, the big, you know, incumbents wouldn't have the prestige that they have.”
Tomaino: a16z's large fund size drives investment in hyped token projects
“But yeah, I think more recently Fundsize has probably caused them to do some of the stuff that people you know, accuse them for, which again, I don't think they're dumping. They have to be very careful about that, but I do think they are investing in some of t…”
Tomaino: Crypto VC Funds Should Downsize After Raising Too Much Capital
“A hundred percent. I mean, this is again, a generalization, but I think way too much money was raised. You know, you had people raise billion dollar funds that just had no unique insights or you know, no investing prowess really or anything like that, but they…”
Tomaino: Crypto VCs would succeed by secretly buying just BTC and ETH
“Like I think a strategy, you know, a dishonest, but probably successful strategy for one of these billion dollar fund managers would be to, you know, pitch to LPs that you're investing in, you know, bleeding edge crypto that's gonna, gonna push the space forwa…”
Tomaino: Solana was an insider VC token marketed to retail
“I have historically viewed Solana as a very tourist thing, you know, because it came in kind of right at the beginning of the last bull markets. It was, you know, aggressively marketing. There's also one of these insider VC coins that sold a lot to early insid…”
Tomaino: Centralized decision-making actually benefited early Ethereum development
“Something like Ethereum, which from a decision-making perspective is, is pretty centralized right now, that's actually been a good thing for Ethereum, and it's allowed them to move fast and break things, right?”
Tomaino: Crypto speculation empowers people disenfranchised by legacy financial systems
“I actually think it's a really good thing. Like, there's a lot of people in the world that are disenfranchised by the existing economic systems, and crypto is like permissionless speculation that anyone can participate in, in kind of new financial systems. So …”
Tomaino: Sam Bankman-Fried was Joe Biden's second-largest donor
“The second largest donor to Joe Biden was Sam Bankman Freed.”
Tomaino: Donald Trump will lean into crypto in a big way in 2024
“I personally think, you know, he's going to be leaning into crypto in a big way in 24, 24, that's my prediction, but we'll see.”
Tomaino: Crypto market cap could reach $10 trillion on speculation alone
“I still think there's a chance we get to. 10 trillion in total market value without that, because again, this, the idea of, you know, empowering billions of people around the world with this kind of new financial system is revolutionary”
Tomaino reveals he was effectively pushed out of Coinbase
“Well, frankly, I mean, I got pushed out of Coinbase. Like, I wasn't a, Great employee, I think is the truth. I think I did a lot for Coinbase in the early days. But I wasn't, Coinbase got to a certain point where I wasn't great at kind of office politics and f…”
Tomaino: Andreessen Horowitz's crypto fund has probably grown too big
“A-Six and Z is a great fund. In crypto. And I have a lot of respect for them. I do think they probably got too big.”
Tomaino: NFT trading activity will resurge within three to five years
“I would say three to five years, you know, it's likely before that, but you know, with a high degree of conviction, I would say three to five years.”
Tomaino: Blockchain forks created significantly more value in 2017 than ICOs
“You know, we hear so much about the ICO boom, but in terms of, kind of, like, total value created this year, there's actually been way more value created by forks than ICOs.”
Tomaino: Influencer culture of shilling and dumping on retail is toxic
“I think if you're like a leader in the space, I think shilling is, toxic. And there's a big, you know, crypto Twitter influencer culture of these people that are, you know, shilling loudly, dumping on retail, and that gives a bad experience to new people and a…”
The other half of the tape: Nick Tomaino's own voice is left out of every number here. Other people bring the name up 3 times in 1 episode across the shows. every mention, with the transcript →
Who brings them up most Semil Shah 3
Every mention by year
tap a year for its mentions
20VC 3
One line per show, most statements first. The link opens Nick's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| 20VCLEDGER | Founder and General Partner, 1confirmation | 2 | 50 | 60% 3/5 | full record on 20VC → |
 a16zLEDGER | Founder and General Partner, 1confirmation | 1 | 14 | 83% 5/6 | full record on the a16z Podcast → |