Lots of $EIGEN discussion past 2 weeks. I think what bothers me most about the airdrop isn't that VCs/insiders get great exit, it's that they get one of the best VC exits out there, without an actual at scale product being delivered.

Compare: $EIGEN at ~$16B mcap is 3x Mobileye's IPO mcap of $5B.

Would love a discussion about VC and exits in crypto this cycle. Especially in light of all the challenging of low float, high market cap coins as a VC exit strategy - ala $EIGEN.

Would love a discussion about VC and exits in crypto this cycle. Especially in light of all the challenging of low float, high market cap coins as a VC exit strategy - ala $EIGEN.

https://warpcast.com/yehoshzl/0x5c12b3d7

Lots of portfolio reports today: 

• INVZ: good quarter.
• ODD: Fantastic quarter. No one seems to believe how good this story is but the numbers don’t lie. 
• TOST: Strong quarter. Need to dive deeper. 
• UBER: weak, need to dive deeper.

One of the hardest lessons I’ve had to learn in the market is a lesson I had to “dislearn”:

Not violating my cost basis. 

This is such a terrible mantra in investing for so many reasons. 

Why wouldn’t you invest more in an outperforming company just because you bought lower??

Seems consensus is forming around AI:

• Investing in models isn’t a good idea. FB is scorching the earth and open sourcing. 

• advantage to incumbents who have distribution and data. AI is sustaining and not disrupting. 

Agree?

Sometimes I relisten to podcasts. Too often it’s like a brand new episode.

I have three audiobook credits. What books should I get?

What should I write about this week for The Reservist (my posts where I share my investing journey)?

After yesterdays results, it's time: I'm selling out of Starbucks.

I've held $SBUX for years but shrinking growth + inability of management to point out the exact problems in a believable way are making me doubt.

Can read the full post on thereservist.substack.com

Always worth paying attention to:

Price affects narrative. Not the other way around.

Hasbro has indeed gotten to the “it’s so bad it’s good” level.

Too many early products, especially in crypto are just circle jerks

tipping accounts just for engaging with your cast, without them contributing anything beyond their participation in boosting your visibility and $degen allocation is gaming the system and defeating the point of decentralizating tips. 

These are falsely inflated tip allocations being self dealt and farmed with bots

The inevitable when:

• communities grow beyond the core believers
• money gets involved. 

The former happened naturally. The latter is a “rich man’s problem” now that degen has pumped.

I’m ready for sleep to earn. 

Where do I play?

Would love an episode on next crypto themes you think move the needle. 

We’ve had infra, ZK, memecoins, restaking. What’s next in the space?

I’m insanely grateful for podcasts. 

It’s crazy the breadth and depth of learning available today.

Patience in investing is so so so hard...

But it gives so many benefits:
• Better buy points
• More knowledge

Staying patient.

"Memecoins have the ability to empower and power economies. Communities that coalesce around memes and their values are able to exchange value for memes."

"Memecoins have the ability to empower and power economies. Communities that coalesce around memes and their values are able to exchange value for memes."

https://designingtokenomics.com/designing-tokenomics-blog/memecoins-does-function-follow-form

Memecoins: does function follow form?
What's the actual value of a meme?

Memecoins: does function follow form?
What's the actual value of a meme?

https://designingtokenomics.com/designing-tokenomics-blog/memecoins-does-function-follow-form

💎 Tokenomics & Protocols: http://designingtokenomics.com
🎵 Music 🤝 web3
🎧 Host Ethereum Audible podcast
📈 Investing at The Reservist
