Tom Loverro
16.7K posts
Tom Loverro
@tomloverro
Investing in startups that define industries @IVP. Alumni investments: @amplitude_hq @coinbase @datadoghq @github @hashicorp @iextrading. 16 years cancer-free.
- PREDICTION: There's a mass extinction event coming for early & mid-stage companies. Late '23 & '24 will make the '08 financial crisis look quaint for startups. Below I explain when, why & how it will start & offer *detailed advice to founders* on surviving the looming die-off. /1
- “Silicon Valley gets what it deserves! Screw tech, startups and VCs!” -Sent from an iPhone via Twitter and Instagram, w an ARM processor instruction set by Marvell, code repo by GitHub, delivered via Cloudflare, while driving a Tesla Model 3 and Slack/Gmail w co-workers
- Replying to @tomloverroMy advice now is: Have enough cash to get through the next 30-36 months and, even more importantly, sufficient FAITH to survive the winter without wavering or chasing new and non-crypto directions. Crypto will come back bigger than ever.🔥 /end
- I passed on the seed round of Honey. I’m going to bed now.
- I, for one, welcome the possibility of TikTok On-Premises Edition, which will deliver the performance and reliability I’ve been seeking.BREAKING: Oracle in talks to buy TikTok’s U.S. business, the Financial Times reports trib.al/0OHD3EI
- 1 in 4!!! “Upper-class individuals are more likely to have inherited at least some of their wealth. According to a 2022 Bank of America study, only about 1 in 4 people with more than $3 million in investable assets are self-made.”
- Replying to @tomloverroSo this is the time to prepare and think big 💪. During bull runs you’re paying off technical debt and keeping the servers from melting. Winters are for innovating and taking market share. /7
- Replying to @tomloverroThe bottom will come not during this current fear & loathing phase but later, after indifference sets in, crypto is no longer making headlines, and the tourists have left 🎉. That process will take many months. /5
- Replying to @tomloverroMany VC & crypto investors suffer from recency bias, expecting a quick rebound b/c that’s what happened after the 2020 Covid black swan. This bear market isn’t a black swan; it’s the result of rising interest rates. So these investors will suffer 😳 until rates stabilize. /3
- Replying to @tomloverroIn 2022, crypto will go even lower. 2023 will be mostly flat to down, until indifference 🥱 sets in, signaling a long-awaited spring thaw (explained below). Crypto macro will improve in the 2nd half of 2023. My reasoning: /2
- Replying to @tomloverroCrypto will rebound when retail discovers novel apps & use cases, esp those enabled by innovations at the protocol & dev infra layers (⬇️ txn costs, easier to build). @IVP is excited to back the next gen of crypto innovators, as we did @coinbase @FTX_Official @Sorare @TaxBit. /9
- The San Francisco mind cannot comprehend Chicago in the summer.
