Podcast

183 - Why VCs Suck | 1confirmation's Nick Tomaino & Richard Chen

Today on the Pod, we're discussing Why VCs Suck. And who better to answer that question than VCs themselves?

Aug 14, 2023 • 1 min read

We're joined by Nick Tomaino and Richard Chen of 1Confirmation to discuss the role of VCs in crypto, the outlook on the markets, and how retail should prepare for the next cycle.

Timestamps

0:00 Intro

6:00 Nick and Richard from 1Conf

7:20 The Price Cycle

11:50 The Signal Cycle

15:55 Tourist vs Purist

20:00 Why Do VCs Suck?

28:15 Raising vs Returning

32:40 How Transparency Shapes Crypto

38:30 VC Report Card

43:45 Holding Retail Accountable

48:30 Advice for Retail

51:15 How to Not Be Exit Liquidity

59:00 Should We End VCs?

1:03:10 How 1Conf Works

1:07:40 Crypto Native VCs

1:12:30 Looking to the Next Cycle

1:17:08 Prediction Markets

1:20:00 Crypto is Ready

1:24:00 Actually Using Crypto

1:28:20 L2s vs Alt L1s

Resources

Nick Tomaino: https://twitter.com/NTmoney?s=20

Richard Chen: https://twitter.com/richardchen39?s=20

1confirmation: https://www.1confirmation.com/

Richard's Article: https://showerthoughts.substack.com/p/thoughts-on-the-current-crypto-vc

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Account Light mode Log Out