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

These are some good examples. Did Farcaster go through a similar model for funding? 

Looking at such news makes it look like easy money, while 90% of such investments have little chance of being a success. Almost like investing in memecoins.

Crypto & web3 enthusiast, an experienced #FPL manager and wine enjoyer.

I go where the chain takes me. ⛓️

Nice. Better for founders, which should also be better for the “product” as you’ll continue to nurture your baby not chase x’s primarily.

We self-funded the business for a bit, so raised at larger initial round at a higher valuation. So worse for investors.