Crypto might wind up being the only investable asset with path to liquidity in reasonable timeframe

Unless you want to invest in 30s and not see real returns until your 50s 😂

- fintech: almost dead, consolidating

- consumer/social: no organic VC scale hits with sustainable growth over last 12 yrs

- enterprise SaaS: rev multiples < 10x non viable for massive VCs, tons of competition, AI platform cannibalism + churn

- American dynamism/defense: unclear outcomes/multiples for opportunity set overtime but intellectually interesting and might be the upset

-AI: huge capital commitments required up front, L&A exits, incumbents winning, high churn before $10m ARR + almost no moat for apps

in his favorite sundress ♡₊˚ 🫧・₊✧⋆⭒˚｡⋆

Fintech consolidating. Consumer/social lacks sustainable growth. Enterprise SaaS competitive, low multiples. Defense sector uncertain. AI high churn, capital-intensive