Orange

Why does YC (the firm) consistently get crypto wrong?

(Caveat: Many YC founders are elite and figure out crypto after they leave the program) https://twitter.com/ycombinator/status/1772337658703884414

Honestly I view this as admitting that they don't have the expertise to invest in more exotic crypto plays. 

Stablecoins has clear PMF w/ the size and vol that's needed for a VC win in terms of equity vs token warrant. 

I respect that they're honest with the game they're playing.

Founder, designer, & product guy at /basepaint and /eigenlayer

It’s because a startup working with stablecoins are more likely to find a path to liquidity via equity vs tokens.

Marketing @covalent-hq

Longtime community and events organizer in the ecosystem.
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I also talk about the sociology around free floating coins in /floatcoins

Agreed! That's what I was trying to get at re: equity vs. token warrant. They don't want 5% of BodenWifHat, they want 5% of Circle.

Right but they take equity no matter what, so the ones that tokenize rug YC

Interesting, you’d think they would have figured out crypto at this point

I thiiiiink YC's been including token warrants for a little while, but can't say definitively, merely heard that circa 2021-2022.

How binding theirs is, idc. Ours seems really binding to me.