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Somebody is going to eventually do the math on how much money is sloshing around the tech industry in regular employees’ pockets and build something absolutely mammoth on top of it.
My bet is that it will be weird and boring at the same time.
My bet is that it will be weird and boring at the same time.
Weird in that, by the standards of traditional finance, it will look very undisciplined.
Boring in that it will probably have a compliance department and fairly pedestrian structure; more like a VC fund than anything the crypto crowd dreams of.
Boring in that it will probably have a compliance department and fairly pedestrian structure; more like a VC fund than anything the crypto crowd dreams of.
It’s just going to be the first VC fund with 10k LPs who’ve each written a check for $50k that they don’t really have a hurdle rate for because they don’t know what a hurdle rate is.
The magic here isn’t just the money, it will be that the customer (investor? But very consumer-like behavior) network is hyperdense, online functionally 100% of the time, and routinely introduced to other people in similar circumstances by the day to day operations of employer.
Work Slacks are going to be like “Oh geez take it off this channel; it’s like Bitcoin all over again.”
