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

My takeaway from this is that memecoins are training a generation of very savvy investors, and equipping them with liquidity. If they ever managed to get out of the casino. The measuring the valuations here and estimating profits are second nature. Not to mention the ability to detect BS, but also to detect how much profit can be made from BS (what's truly valuable and what is pure garbage). I'm fairly comfortable saying the average shitcoiner is a more capable investor than the average VC. It's just all directed into the PvP casino, which might not be a bad thing. Steel sharpens steel.

c/acc - 🏴‍☠️🌊 Bring me that Horizon 🍹
Gold League of Legends player

http://icebreaker.xyz/syed.fc