Silicon Valley Daily

Given today's acquisition news, a reminder that entry price is hugely important in angel / venture investing.

Here's a good concrete example of what a "unicorn" is worth at different entry prices.

https://blog.zactownsend.com/empathy-on-entrance-price-bridge-dot-xyz-and-astranis

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

And that’s taking into consideration that 40M post could be considered “low” for crypto startups… depending on whether you’re buying tokens or equity