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justin.framedl.eth
@ahn.eth
spoke with a serious crypto vc who said he's sick of seeing pump & dumps, that he wants to invest in meaningful apps that leverage useful innovations like USDC (his specific example) i then asked about recent investments he could share and he unironically replied: Catizen ... this is Catizen: https://catizen.ai/
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Cassie Heart
@cassie
Every "serious crypto vc" that says they want to "invest in meaningful apps that leverage useful innovations" still ends up doing the same thing as always: demand token warrants they dump on retail. I don't know if they've gotten so used to saying the line that they actually believe it or they just enjoy lying to founders, but either way the malignancy on the industry needs to be excised, and the only way to do that is to stop giving them the time of day. "But our LPs demand it!" they cry. But to issue a token that fulfills the warrant also triggers securities laws, meaning it will never happen, or at least not accessible to U.S. residents, so they're either lying to their LPs too, or they're okay with stripmining other countries' retail populace.
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Chase Sommer
@chasesommer.eth
I see you rip on vcs a decent amount. I’ve never worked with a vc, but I feel like it would be cool to be an investor one day. Is that a delusional aspiration if I want to be a genuine investor one day? I suppose I’d love to be the Charlie munger of gaming x crypto one day. Idk I’m nowhere close to that, but that’s something I’ve pondered about
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Cassie Heart
@cassie
I have no problem with VCs that invest in companies (i.e. for _equity_, not tokens), but I have burned the ships on ever doing deals with crypto-oriented funds, because no matter how much they say they're different, they all come back to the tokens.
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