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article subtitle: The crash should have been a humbling moment for the industry. Instead, companies are doubling down. And then I saw no mention the sine qua n
by funstuff007 4y ago
article subtitle: The crash should have been a humbling moment for the industry. Instead, companies are doubling down.
And then I saw no mention the sine qua non of that, when in late May a16z announce its 4th crypto fund at $4.5B. Man, would I kill for that list of LPs. They have deep, deep pockets and you can sell them anything.
https://www.reuters.com/markets/wealth/andreessen-horowitz-raises-45-billion-fourth-crypto-fund-2022-05-25/ https://www.reuters.com/markets/wealth/andreessen-horowitz-r...
- DennisP 4y agoEverybody says "buy low sell high," and almost everybody thinks investors are crazy when they actually buy low.
- funstuff007 4y agovery true, I guess my assumption is they are buying when the jig is up, not when asset prices are cheaper.