Content
@
1 reply
0 recast
3 reactions
Mac Budkowski ᵏ
@macbudkowski
Is the Warpcast $150M fundraise the beginning of the end of the fat protocol thesis?
3 replies
2 recasts
16 reactions
Mac Budkowski ᵏ
@macbudkowski
Btw @dwr.eth what do you plan to do with all this money given you want to keep the team small? Even if you had 50 people that would be a runway for 7-8 years, right?
1 reply
0 recast
2 reactions
Dan Romero
@dwr.eth
No immediate plans. Rationale: https://warpcast.com/dwr.eth/0xd469d8dd
3 replies
0 recast
5 reactions
timdaub
@timdaub.eth
will you have to manage the money somehow? Simply asking out of curiosity. I feel like with that level of inflation a single digit percentage on that amount in the bank account is kinda nuts?
1 reply
0 recast
4 reactions
Dan Romero
@dwr.eth
It's in US Treasuries off bank balance sheet. Our counterparty is the USG.
1 reply
0 recast
2 reactions
timdaub
@timdaub.eth
No idea what any of that means but thanks for answering :D
1 reply
0 recast
1 reaction
Dan Romero
@dwr.eth
US Treasuries = US government bonds that pay 5% It's not sitting in a bank account, e.g. SVB blow up last year doesn't apply
2 replies
0 recast
2 reactions
timdaub
@timdaub.eth
A cool 7.5M USD interest annually, nice :D
1 reply
0 recast
1 reaction
Mac Budkowski ᵏ
@macbudkowski
0 reply
0 recast
2 reactions
