I know DeFi is our Netscape moment because it’s scaling, rapidly. Just like Netscape’s browser did. The market is screaming that DeFi has found product-market fit. Total value locked in DeFi is up more than 4X in two months.a
Blockchain makes banking and financial services more accessible. Anyone with a mobile phone can create a secure account. With recent data from the World Bank revealing 1.7 billion adults globally have no access to a bank account – but two-thirds of them own a mobile phone, blockchain can fill this void.
Do you remember when MapQuest first hit the scene in the late 90s? It blew people’s minds that they could print out directions for getting anywhere they wanted to go. To be sure, making a map digital and interactive was a huge step forward, but it was a linear, incremental way of thinking. This fact […]
I was the first person to call Mark Zuckerberg in 2004 and offer to buy the company (I was running Bolt at the time). In March, 2010, I published the first Wall Street style research report on Facebook on a Tumblr blog, with a $100 billion five year price target (it was actively trading in the private markets at […]
Per Wikipedia, a Ponzi scheme …. is a form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors This is how the U.S. government now operates. It loses massive amounts of money every year (i.e. runs at a deficit) and finances it with new debt. When […]
Any entrepreneur looking to enter the blockchain space must ask if their project is delivering a legitimate, tangible productivity improvement.
I assume Nouriel Roubini is a smart guy. So is Warren Buffet. It doesn’t mean I’d want them to do heart surgery on me, because it’s not their thing. My guess is, they’d have no interest in performing heart surgery because they know it’s not their thing. So, just because someone’s smart, doesn’t mean they understand crypto. […]
I still remember it like it was yesterday. I was 19, a broke college student at the University of Washington. My parents were having a difficult time financially and I made the choice to drop out. I found a full-time job as a bank teller making minimum wage – yet, I still didn’t make enough […]
Crypto is a new computing paradigm, poised to create more disruption and wealth creation in the next 20 years, than the internet has in the last 20. The question I face as a VC is who is going to capture that massive wealth creation? The wealth creation can either go largely to the five incumbents […]
If decentralization is to realize it’s potential, various problems need to be addressed. Scalability issues get the most attention and have the most people working to solve it. So my assumption is that scalability is getting solved. The bigger issues with decentralization are Token Economics and Governance & Consensus. While people are working on those problems, it’s […]