teddit

after a few years full time crypto since transitioning from the family office space, i still feel culture shock re:

most family offices earned their wealth through insane sacrifice to build a company VS most of (loud) crypto earned it by being early to click a button

to me FC feels like the former, not the latter

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

this is def true, few in the FO space that I have met like “crypto.”

but FOs are in wealth preservation mode, whereas a lot of people in this space had nothing to lose. 

a lot of the FOs were started by much older entrepreneurs who themselves were ‘pioneers’ in their heyday too. the younger scions are mostly there to not piss it away (given the 3 generations rule).

so to become a FO you still gotta have the wild risk-taking DNA anyways, imo.

🎩 first, but I like being part of this experiment that is the Farcaster network. 

on your last point, agree on the risk-taking nature of family office principals. someone else said this but a good description of the distinction could be earned vs opportunistic wealth.