Many funds wouldn’t have the courage to buy a nascent “memecoin” like Degen in size due to fears around fiduciary risk, LP optics, etc.

What makes 1conf different and able to move in ways that may not be possible for other investors?

friendly neighborhood anon // crypto angel + advisor + shitposter

Great answer, thank you

Industry over-indexed on TVPI, and it’s become much more apparent in the current climate

Distributions to paid in capital

This is the only metric in VC that matters

We’ve delivered LPs cash returns in big way which creates trust