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100x VC gains are inaccessible to the people
VCs get deal access to startups before they IPO
We then have to buy into the businesses at multi billion valuations, missing most of the upside
Crypto is the first time in history where anyone can get venture returns
Here's how
VCs get deal access to startups before they IPO
We then have to buy into the businesses at multi billion valuations, missing most of the upside
Crypto is the first time in history where anyone can get venture returns
Here's how
First understand how a venture portfolio looks: With startups, you have to expect failure is the most likely outcome, but that's okay
Make many bets expecting most to go to 0, only one needs to 10 - 100x to pay off the entire portfolio so you can bet again
Make many bets expecting most to go to 0, only one needs to 10 - 100x to pay off the entire portfolio so you can bet again
Ask yourself "can this project actually 10 - 100x"
The easiest way to do that is to look at the market cap, multiply by 10x and ask "does this make sense?"
A $1M project only has to be worth $10M
A $10M project has to be worth $100M
And so on...
The easiest way to do that is to look at the market cap, multiply by 10x and ask "does this make sense?"
A $1M project only has to be worth $10M
A $10M project has to be worth $100M
And so on...
This tends to happen much more often with sub $50M projects, but failure of a sub $50M project is also more likely than a $1B project
So let's focus on these low caps which many would call "seed investments"
So let's focus on these low caps which many would call "seed investments"
First you need to find a project, don't get caught up in valuation metrics, doing revenue forecasts and whatnot is for mid - late stage businesses
When you're this early the bet is on:
- Product
- Team / Execution
- Growth potential (market size)
When you're this early the bet is on:
- Product
- Team / Execution
- Growth potential (market size)
To find projects:
- Follow some people who are in the weeds with crypto and follow who they're following
- Change your twitter to sort by latest and watch what people talking about / replying to
- Join every projects discord
- Follow some people who are in the weeds with crypto and follow who they're following
- Change your twitter to sort by latest and watch what people talking about / replying to
- Join every projects discord
Once you're interested in something go deep:
- Understand the product and vision
- Find out how many -developers- are on the team. Crypto is about code, I once saw a tweet about "market cap per developer" (I think it was @santiagoroel)
- Understand the product and vision
- Find out how many -developers- are on the team. Crypto is about code, I once saw a tweet about "market cap per developer" (I think it was @santiagoroel)
- Watch the github and see if product is moving forward
- Do not fall for marketing fluff and hype (see ADA, XRP, BCH, EOS)
- Use the product if possible and decide for yourself if it even works
- Do not fall for marketing fluff and hype (see ADA, XRP, BCH, EOS)
- Use the product if possible and decide for yourself if it even works
Once your convinced, bet. Don't just come up with a random number, have a bet size and make all your seed bets this same size.
Then you wait - be part of the community, help them grow on twitter, use your voice and don't get shaken out
Then you wait - be part of the community, help them grow on twitter, use your voice and don't get shaken out
This is either 0x or 10x+
For instance, believers in FARM, COVER, BAO, SFI etc that tried to "save their investments" when there were bugs or hacks are now the losers
In fact, this is an opportunity to judge the team and double down if they handle things well
For instance, believers in FARM, COVER, BAO, SFI etc that tried to "save their investments" when there were bugs or hacks are now the losers
In fact, this is an opportunity to judge the team and double down if they handle things well
Now go - dig through the dirt of twitter, discord, medium, telegram, etc. and find the builders. Make venture bets and enjoy the venture returns when they change the world.
If I may set you off on your journey, look at $RGT, $SFI, $SEEN, and $NFTX
If I may set you off on your journey, look at $RGT, $SFI, $SEEN, and $NFTX
If you find a gem, don't forget me - LMK as I'd love to go deep as well
