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Is crypto VC going extinct? "No, I think it's evolving." "If you rewind the clock back to 2021–2022, there were a lot more VCs who raised money on the idea that they were going to deploy into a crypto venture." "And the idea was that, well, anybody can do... show more

Dragonfly ＞|＜

1,520,768 subscribers

27,067 views • 5 days ago •via X (Twitter)

Anya Rossi• Live Now

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11 Comments

Russfranky4 days ago

In a perfect world crypto replaces VCs.

Dragonfly ＞|＜5 days ago

Full interview via Bloomberg:

Sim4 days ago

How does dragonfly add value that others don't? I've seen a lot of asking for money back from projects

defibagholder4 days ago

wydm ur not giving me 20M for my NFT ?

Tuấn Kèo4 days ago

dễ tiền vẫn còn, chỉ là chuyển sang mấy kèo meme và degen mới mà VC không với tới. họ mất nhịp với phần tiền thực đang chảy ở đó.

vøv △4 days ago

@hosseeb crypto vc died in 22, the survivors are actually doing the work

Theerat Nitaya4 days ago

It's definitely getting more competitive and only the institutional players with real value add are left standing.

Dash🔶4 days ago

We BDs and founders need to evolve with the times we are in.

Leon4 days ago

The tourist phase is over. Evolution is just a polite way of saying the filter is finally working. Only real operators left standing now.

sophia l.4 days ago

Love this take

Soph n. ❀4 days ago

Well said!

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Martin Masser from ChangeNOW says banks are running software from the 70s, and crypto is how they get out "I think there was a point where we did think we would replace the banks, but that was probably 12 years ago. I think now, working parallel." "I worked in a lot of these banking systems, and do you know what, now that you've doxxed your age, a lot of the software in the banks is older than you." "They've got these legacy systems in from the '70s, and they just can't get that out because so much of that is ingrained. So you're in banking and you've got software from the '80s, '90s, '70s in there. It's just not going to be as efficient." "I think what's really interesting for the stage that we're at is there's going to be so many more things that we can do with crypto within banking." "The amount of people that are on the banking floor trying to approve settlements is crazy. We can do that in crypto really easily." "So I'm actually finding a lot more banks now are open to integrating, and they are now integrating a lot of the software, a lot of the ideas." "And I think the key thing people maybe don't realize, banks have been involved in this space for a very long time. A lot of the times they've been doing pilots, proofs of concept, little trials." "But now we're starting to see the banks integrating a lot of these systems, because they just see so many efficiencies that are there now with this."

Martin Masser from ChangeNOW says banks are running software from the 70s, and crypto is how they get out "I think there was a point where we did think we would replace the banks, but that was probably 12 years ago. I think now, working parallel." "I worked in a lot of these banking systems, and do you know what, now that you've doxxed your age, a lot of the software in the banks is older than you." "They've got these legacy systems in from the '70s, and they just can't get that out because so much of that is ingrained. So you're in banking and you've got software from the '80s, '90s, '70s in there. It's just not going to be as efficient." "I think what's really interesting for the stage that we're at is there's going to be so many more things that we can do with crypto within banking." "The amount of people that are on the banking floor trying to approve settlements is crazy. We can do that in crypto really easily." "So I'm actually finding a lot more banks now are open to integrating, and they are now integrating a lot of the software, a lot of the ideas." "And I think the key thing people maybe don't realize, banks have been involved in this space for a very long time. A lot of the times they've been doing pilots, proofs of concept, little trials." "But now we're starting to see the banks integrating a lot of these systems, because they just see so many efficiencies that are there now with this."

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Martin Masser from ChangeNOW says the institutions that left crypto for AI are planning to come back "Are we going to have another alt season? Are alts going to be what they are? I don't know. I think there's a lot of confidence that's been taken out." "When was the last token launch you saw? Honestly, can you remember the last time we had a token launch?" "Even then, if we exclude meme coins, I think altcoins are definitely not what they were going to be." "I definitely think there is a lot more, I don't want to say adoption, but a lot more openness to these discussions. 3-4 years ago you'd just have the door slammed in your face." "Now it's X bank, Z bank, they're all wanting to integrate this software. And they're opening it up. All of these little integrations, like accepting stablecoins, that then makes the whole ecosystem stronger." "I'm not doing predictions, but a lot of the liquidity will flow back in to where we were. Speaking to a lot of these institutions, they've gone out of crypto into AI." "And they do feel that when AI sort of cools down, where's that money going to be coming back into? Is it going to be gold? Is it silver? Is it going to be crypto?" "A lot of them are like, we're just putting it out there for the IPOs and we're coming back. A lot of people have been saying that. So that gives me a lot of confidence." "And look, the biggest marketing you can have is a big green candle."

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Alessandro

13,143 views • 2 days ago

"I'm talking to founders like, things look really good for you, what's going on, and it's like, yeah we have users, we just don't make any money on them" Offchain CEO Steven Goldfeder on why having users is no longer enough "We have a strong ecosystem team tracking projects. There's a lot, so not every project, but certainly a bunch. We're seeing massive consolidation everywhere. What I track probably more than that is one level up, Arbitrum versus its competitors, where we've also seen massive consolidation. I think it's healthy, probably a good thing ultimately" "There was so much capital in crypto, and the idea was you don't have to think about revenues, just put this thing out, make it open source, get people to use it, launch a token, and that's going to save everyone. I think we're coming very much back to reality. Some of the projects we're seeing shut down, I'm talking to founders like, things look really good for you, what's going on, and it's like, yeah we have users, we just don't make any money on them" "Back in the day having users was sufficient for the token price, your users would buy the token, that was how they paid you. Those times are well gone. Now revenue is actually important, and ultimately I think it's healthy"

"I'm talking to founders like, things look really good for you, what's going on, and it's like, yeah we have users, we just don't make any money on them" Offchain CEO Steven Goldfeder on why having users is no longer enough "We have a strong ecosystem team tracking projects. There's a lot, so not every project, but certainly a bunch. We're seeing massive consolidation everywhere. What I track probably more than that is one level up, Arbitrum versus its competitors, where we've also seen massive consolidation. I think it's healthy, probably a good thing ultimately" "There was so much capital in crypto, and the idea was you don't have to think about revenues, just put this thing out, make it open source, get people to use it, launch a token, and that's going to save everyone. I think we're coming very much back to reality. Some of the projects we're seeing shut down, I'm talking to founders like, things look really good for you, what's going on, and it's like, yeah we have users, we just don't make any money on them" "Back in the day having users was sufficient for the token price, your users would buy the token, that was how they paid you. Those times are well gone. Now revenue is actually important, and ultimately I think it's healthy"

Laura Shin

12,690 views • 2 months ago

Binance CEO CZ 🔶 BNB says the crypto industry is too transparent: "I think right now the crypto industry is too transparent. It's actually extremely easy to track crypto funds. The blockchain is a public ledger. If you couple that with a few centralized exchanges, KYC information, you can track most of the transactions pretty accurately. So I think right now there's a lack of preserving of privacy." "For example, if your company pays everybody in crypto and if you get one payment today on the blockchain, you can just trace to the address that paid you and see how many addresses that address paid in the last week, then you can figure out everybody's salary. That's a privacy issue." "Another example, if you pay for a hotel [in crypto], then people will know that you're going to stay at that hotel, which for some people may create security issues. So there's little problems like those that are not solved yet."

Binance CEO CZ 🔶 BNB says the crypto industry is too transparent: "I think right now the crypto industry is too transparent. It's actually extremely easy to track crypto funds. The blockchain is a public ledger. If you couple that with a few centralized exchanges, KYC information, you can track most of the transactions pretty accurately. So I think right now there's a lack of preserving of privacy." "For example, if your company pays everybody in crypto and if you get one payment today on the blockchain, you can just trace to the address that paid you and see how many addresses that address paid in the last week, then you can figure out everybody's salary. That's a privacy issue." "Another example, if you pay for a hotel [in crypto], then people will know that you're going to stay at that hotel, which for some people may create security issues. So there's little problems like those that are not solved yet."

TBPN

495,210 views • 6 months ago

ELON: I ENSURE GREAT ENGINEERS CAN FLOURISH AT MY COMPANIES “I consider one of my core responsibilities in running companies to have an environment where great engineers can flourish. And I think in a lot of companies, maybe most companies, if somebody is a really talented, driven engineer, their talents are suppressed. At some of the companies, engineering talent is suppressed in a way that is maybe not obviously bad, but where it's just so comfortable, and you're paid so much money, but the output you actually have to produce is so low that it's like a honey trap. They don't necessarily seem like bad places for engineers, but you have to say, a good engineer went in and what did they get out? The output of that engineering talent seems very low. Tesla is not a honey trap. We're demanding. You're going to get a lot of shit done. And it's going to be really cool, and it's not going to be easy. But if you are a super-talented engineer, your talents will be used, I think, to a greater degree than anywhere else. SpaceX is also that way.” Source: Tesla AI Day, September 2022

ELON: I ENSURE GREAT ENGINEERS CAN FLOURISH AT MY COMPANIES “I consider one of my core responsibilities in running companies to have an environment where great engineers can flourish. And I think in a lot of companies, maybe most companies, if somebody is a really talented, driven engineer, their talents are suppressed. At some of the companies, engineering talent is suppressed in a way that is maybe not obviously bad, but where it's just so comfortable, and you're paid so much money, but the output you actually have to produce is so low that it's like a honey trap. They don't necessarily seem like bad places for engineers, but you have to say, a good engineer went in and what did they get out? The output of that engineering talent seems very low. Tesla is not a honey trap. We're demanding. You're going to get a lot of shit done. And it's going to be really cool, and it's not going to be easy. But if you are a super-talented engineer, your talents will be used, I think, to a greater degree than anywhere else. SpaceX is also that way.” Source: Tesla AI Day, September 2022

Mario Nawfal

20,354,729 views • 2 years ago

I have a friend who doesn't read anything published in the past 50 years, and the more I think about it, the more I think he's onto something. The reason is that time is the best filter we have for quality. People are bad at judging quality in the moment but very good at getting rid of junk over time. — — "History is not very good at capturing all that is great in art. It is not good at that. There are many great symphonies that have been lost permanently, there are many great painters that died unknown and their paintings are gone, there's novels that have been written that no one will ever read. So history is not good at capturing all this great art. But history is very good at discarding all that is mediocre. And the amount of time that that takes, it's something like 50 years. So over the course of 50 years, what will happen is a lot of stuff that was prominent will be re-filtered and re-filtered and re-filtered, and you'll end up with a smaller group of things which have survived that test of time. So if you think about it right now, if you go back and look at the bestseller lists for 1974, 1973, there's a lot of that that would have been highly regarded at the time, which people do not read anymore for a variety of reasons, and there's some that has survived, and that's a very telling distinction. So in a world where I'm turning 60 this year, you have a limited amount of time, all four of us have active lives, we want to make sure that if we're going to sit down, we're going to read carefully, we're going to meet and we're going to discuss it in detail, we want to make sure that the work is rewarding. And the best way to ensure that is by drawing from the past." amor towles

I have a friend who doesn't read anything published in the past 50 years, and the more I think about it, the more I think he's onto something. The reason is that time is the best filter we have for quality. People are bad at judging quality in the moment but very good at getting rid of junk over time. — — "History is not very good at capturing all that is great in art. It is not good at that. There are many great symphonies that have been lost permanently, there are many great painters that died unknown and their paintings are gone, there's novels that have been written that no one will ever read. So history is not good at capturing all this great art. But history is very good at discarding all that is mediocre. And the amount of time that that takes, it's something like 50 years. So over the course of 50 years, what will happen is a lot of stuff that was prominent will be re-filtered and re-filtered and re-filtered, and you'll end up with a smaller group of things which have survived that test of time. So if you think about it right now, if you go back and look at the bestseller lists for 1974, 1973, there's a lot of that that would have been highly regarded at the time, which people do not read anymore for a variety of reasons, and there's some that has survived, and that's a very telling distinction. So in a world where I'm turning 60 this year, you have a limited amount of time, all four of us have active lives, we want to make sure that if we're going to sit down, we're going to read carefully, we're going to meet and we're going to discuss it in detail, we want to make sure that the work is rewarding. And the best way to ensure that is by drawing from the past." amor towles

David Perell

86,765 views • 1 year ago

"If you're an investor, why are you not focused on investing in things that have America's interests at heart?" kuz discusses why he’s a major proponent of American Dynamism: "You think about space and defense and where we're at in the world, and our counterparts are focused on space, getting to the moon, and satellites. Whoever rules space is probably going to rule the world." "There's a lot of things that can really go wrong if we're not focused on preserving America."

"If you're an investor, why are you not focused on investing in things that have America's interests at heart?" kuz discusses why he’s a major proponent of American Dynamism: "You think about space and defense and where we're at in the world, and our counterparts are focused on space, getting to the moon, and satellites. Whoever rules space is probably going to rule the world." "There's a lot of things that can really go wrong if we're not focused on preserving America."

TBPN

131,287 views • 4 months ago

🚨 NOW: President Trump takes huge VICTORY LAP on the success of Space Force — which some Democrats MOCKED Space Force is now vastly improving the accuracy of our weapons on the ground. And we're leading China and Russia, easily 🔥 "I'm very proud of the Space Force because that was a branch that a new one that came up, and we were losing to Russia and to China in space." "Space Force is now leading the other countries, China, Russia, and there is no fourth, really, and leading them by, we saw numbers the other day, leading, we're leading in space by so much it's, we're never going to be caught. So I'm very proud of Space Force!" "I think it's going to be one of our most important as time goes by. A lot of the things that you see, a lot of the accuracy of the weapons is caused because of what we created with Space Force, so we're very proud of that."

🚨 NOW: President Trump takes huge VICTORY LAP on the success of Space Force — which some Democrats MOCKED Space Force is now vastly improving the accuracy of our weapons on the ground. And we're leading China and Russia, easily 🔥 "I'm very proud of the Space Force because that was a branch that a new one that came up, and we were losing to Russia and to China in space." "Space Force is now leading the other countries, China, Russia, and there is no fourth, really, and leading them by, we saw numbers the other day, leading, we're leading in space by so much it's, we're never going to be caught. So I'm very proud of Space Force!" "I think it's going to be one of our most important as time goes by. A lot of the things that you see, a lot of the accuracy of the weapons is caused because of what we created with Space Force, so we're very proud of that."

Eric Daugherty

15,034 views • 5 months ago

What is Monad, and what makes it different? “When I first met (Monad Co-Founder) Keone, the idea for Monad was something that I was sort of waiting for somebody to come along and tell me that they were going to do. Almost every single implementation that is EVM-compatible today is a fork of Geth. Why are they all forks of Geth? The answer is because it’s really scary to rebuild the EVM. If you have a bug, if you mess up… like it’s just a nightmare scenario, right? And you guys obviously know this because you guys spent the last three years building the EVM from the ground up. And somebody’s going to do that. I’ve been saying this, writing this, talking about this, and nobody was really doing this. And then Keone showed up and told me, ‘I’m going to do that.’ And I said, ‘I want to invest. I think this is going to be huge. I think this is going to be one of the most important things that happens for the EVM in its history since the launch of Ethereum… Now it’s a pretty obvious idea. Monad is here to do it the biggest way, very much the right way. From everything that I’ve seen and all the projects trying to do this. I think Monad is the most serious. They have the most firepower. They have the most momentum. They have the biggest talent pool among everybody who believes that that right there is the future of Ethereum.” - Haseeb Qureshi ＞|＜

What is Monad, and what makes it different? “When I first met (Monad Co-Founder) Keone, the idea for Monad was something that I was sort of waiting for somebody to come along and tell me that they were going to do. Almost every single implementation that is EVM-compatible today is a fork of Geth. Why are they all forks of Geth? The answer is because it’s really scary to rebuild the EVM. If you have a bug, if you mess up… like it’s just a nightmare scenario, right? And you guys obviously know this because you guys spent the last three years building the EVM from the ground up. And somebody’s going to do that. I’ve been saying this, writing this, talking about this, and nobody was really doing this. And then Keone showed up and told me, ‘I’m going to do that.’ And I said, ‘I want to invest. I think this is going to be huge. I think this is going to be one of the most important things that happens for the EVM in its history since the launch of Ethereum… Now it’s a pretty obvious idea. Monad is here to do it the biggest way, very much the right way. From everything that I’ve seen and all the projects trying to do this. I think Monad is the most serious. They have the most firepower. They have the most momentum. They have the biggest talent pool among everybody who believes that that right there is the future of Ethereum.” - Haseeb Qureshi ＞|＜

The Pipeline

14,350 views • 9 months ago