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The claim about people with "A+ credentials" not working in crypto is off base. Look at the founders of crypto companies from top-tier VCs like a16z: https://a
by mlerner 6y ago
The claim about people with "A+ credentials" not working in crypto is off base.
Look at the founders of crypto companies from top-tier VCs like a16z: https://a16z.com/crypto/#vertical-landing-portfolio https://a16z.com/crypto/#vertical-landing-portfolio
- puranjay 6y agoI should have been more clear: new crypto projects rarely have pedigreed founders anymore.
- vmception 6y agothats because they all got their reputations sullied when their projects last decade tanked in price 99% Crypto communities do not understand the concept of secession in an organization, and believe that if you earned revenue then the runway should last forever and you should be married to the project forever It doesnt matter, the same people are launching projects now under different aliases. The market doesnt actually care. There is no way to discern between a project that will screw you over versus one that wont, versus one that will rally 5,000% because that has no correlation to legitimacy or any gatekeeping of checkboxes
- sneak 6y agoRarely, yes, but there are some. I also think you could say "new startups rarely have pedigreed founders". Like any business class, most new entrants try and fail. I like a long tail, because it means there's a better correlation of profit and skill in being able to (sometimes) predict a company's future. When everything is a bit safer across the board, you can't convert wisdom into money at quite the same rate.