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.

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I suspect it's much more transferable than at first glance. Liquidity profiles different yes but not as much if the person switched from memecoins to angel investing. I'm sure their expectations would similarly adjust.

I expect AI advancements will lead to a lot more startups, the investing landscape should change quite a lot. The rate of change will also increase pretty fast. Imagine the entrepreneurship landscape post AGI or anything approaching close to AGI. I think memecoiners are more equipped to evaluate this rapidly changing environment than VCs. The more I think about it the more bullish I get on memecoins as training for capital allocation.

Not to say all memecoiners will crush it. But in this world, I'll take the average of memecoiners over the average of VCs all day everyday.

Memecoins are more serious than people give them credit for and startups less serious than they are given credit for.

lol, apples to oranges

Liquidity profiles are very different. Skill set does not translate well usually.

building /juicebox | product marketing & growth | prev. NounsDAO, RAW DAO | learning to code

1) on average excoinbase ppl are very smart and would def be higher then average odds at succeeding so this makes sense to me.

2) traditional finance has a lot of gatekeeping under the guise of protecting investors that maybe made sense before information asymmetry was greatly reduced. So the guardrails have become gates. 

But angel investing should be allowed and crypto is a great enabler of that. That’s my understanding anyway. So it’s less you’re not allowed to and more that it’s most people don’t because it’s inefficient use of capital. Crypto startups that use tokens can access the capital of this market but it’s def a legal grey area.

the gatekeepers aren’t going to like this one, here are the rules:

1) only ex-coinbase employees are allowed to become successful founders, because they’re the only ones that understand Blockchain and Apps

2) only people with a Serious Finance background are allowed to become a VC, because they’re the only ones that can do Serious Analysis with Big Money