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Big deal. They are down 78% from their IPO. Just another unicorn in heard of horses…
by FollowingTheDao 4y ago
Big deal. They are down 78% from their IPO. Just another unicorn in heard of horses…
- candiddevmike 4y agoThis is going to have a domino effect on all the blockchain startups, I think. You could argue all startups are going to struggle raising, but this will harm the entire crypto sector more. IMO, COIN was supposed to be proof that crypto can be a long term success, and this doesn't bode well for future exits.
- Spartan-S63 4y agoPersonally, I'm good with a crypto winter when it comes to VC investment. Using the blockchain for financial transactions is one of the most dubious applications of the technology. We shouldn't be throwing money hand over fist at this application and rather be encouraging folks to innovate where it makes sense — things like public records in countries where the government isn't reliable, etc.