Really enjoyed sitting down with @FranklinBi and @darylX24 from @PanteraCapital and @npclabs_org on the @tokenwarrant
We chatted about the history of crypto gaming, Base's role in it, and Pantera's view on the space
Regan Bozman
3,997 posts
Regan Bozman
@reganbozman
- Why is this cycle cooked? Why is everyone miserable? We can distill all of our problems down to the fact that retail can no longer make real money in the current market structure 1/ Some jumbled thoughts on returning to our roots and unfucking the current cycle
- Spent a few days this week skiing with some crypto VC's and folks who allocate to crypto venture There are some common themes on everyone's mind 1/ This is what crypto vc's are chatting about over $11 coors lights
- It is widely accepted that the way to make money in VC is to be contrarian and right This is absolutely false in crypto venture - all that matters is your ability to front run the narrative 1/ Some jumbled thoughts on the bizarre memetic economy we call home
- The crypto vc market is currently thawing after a 4 month freeze, but with major dislocations 🐻'Bear market chasm' = gap between 2021 and 2022 vals 📊Bar is *much* higher for Series A's 💀Very few 2021 seed companies will survive 1/ Some jumbled thoughts
- Crypto is back. Crypto vc funds are hiring again Have gotten pinged last few weeks asking for advice on getting these roles Can't give succinct advice but I can write 30 tweet threads 1/ Here's rough story of Lattice and the mistakes and lessons along the way
- can we all just collectively agree that anyone who tweets about BTC never going under $10K again is an idiot?
- I spent the week talking to founders, VC's, and family offices in Hong Kong It was my first time in Asia in a crypto context and utterly fascinating 1/ Here's what I learned over many dim sum meals
- Where are we in the market cycle? Why are crypto VC’s embracing meme coins? Will any of this stuff ever do anything? 1/ Some jumbled thoughts about the middle of the curve
- 1/ I'm excited to finally announce @lattice_fund, a $20M venture fund that helps crypto founders build defensible moats We've been investing since the summer but today 📰 Shared a bit w/ @WSJ 💬 Published our thesis on Web3 growth strategies
- The biggest winners of this cycle will be apps that vertically integrate and build on-chain biz models As web3 infra becomes increasingly commoditized, distribution is THE thing that matters 1/ Here is how consumer apps are quietly eating infrastructure
- More and more convinced that crypto VC LP's are in for a rude awakening. Trifecta of headwinds: -Entry prices up 5-20x from last cycle -Funds have grown 2-5x in size -Liquid markets sliding down 1/ Some jumbled thoughts:
- The current structure of token launches is feeding a 'down only' paradigm where prices will get rekt Tokens launch at a high FDV, slowly bleed out as airdrop recipients sell, and then collapse as VC's unlock 1/ Some jumbled thoughts on how to unfuck the current paradigm
- how do we end the absurdly stupid conference culture in crypto? it's a waste of money, bad for the environment, and is a massive waste of everyone's time we're planning to actively encourage our portco's to cut their conference plans but we are a small part of the pie