Founders Fund investor Bridget Harris discusses why Founders Fund found most crypto AI startups uninteresting before investing in Prime Intellect.
Prediction Not checkable as stated
Harris: SEC under new administration will stop targeting Coinbase and Uniswap
“I don't think they'll be issuing Wells notices at random to, like, Coinbase and Uniswap, because that's just dumb, but, like, they will be actually going after, like, legit scams.”
Assertion Not checkable as stated
Harris: Crypto community upset over XRP and Cardano in Strategic Reserve
“I think generally people were a little bit upset because, you know, the XRP, the Cardano inclusion, just like, there's basically two plausible explanations that I think the crypto community came to for why this could be the case. One is just like simple, like …”
Disclosure
Harris: Founders Fund has paused new deals amid high crypto valuations
“The sentiment isn't amazing, but I would say prices on new deals that we've been seeing have been, like, asymmetrically high. Like, we, the last deal we did was Prime Intellect, and that was in, I want to say October or November. So we haven't done, like, a ne…”
Assertion Not checkable as stated
Harris: Regulatory risk drove many Founders Fund DeFi founders out of US
“DeFi founders had it the worst. I think the past four years, like, many of our founders just fully moved out of the United States because the risk was just, like, You know, way too high.”
Prediction Not checkable as stated
Harris: Bitcoin whales will widely adopt lending protocols to avoid selling
“And, like, if you can lend against your Bitcoin and make your asset more productive, like, there's going to be so many whales that, that, that want to do that. Like, they just do not want to sell.”
Opinion
Harris: B2B cross-border settlement is the most compelling stablecoin use case
“I think, like, right now, the most interesting use case for stable coins is probably in, like, B to B payments, just because that's where there's the most volume. It's, like, yeah, like, literally, like, you know, billions and billions of dollars of volume per…”