1) @multicoincap sometimes gets shit for some of it's stances, e.g. backing EOS a few years ago. And it deserves that -- it was a bad call!
But it's made about 10 good calls for every bad call.
But it's made about 10 good calls for every bad call.
https://twitter.com/KyleSamani/status/1350122446121295875
2) And sure, sometimes they're publicly and embarrassingly wrong.
That's the necessary price to pay for staking bold stances and publicly explaining why you think what you do.
If you can't think of a time someone was wrong, that means they aren't saying anything interesting.
That's the necessary price to pay for staking bold stances and publicly explaining why you think what you do.
If you can't think of a time someone was wrong, that means they aren't saying anything interesting.
3) I'm obviously biased here, because one of their recent positions has been in Solana and Serum.
But the 'win' column doesn't need to count those--they have enough in the Ethereum ecosystem to make up for them anyway.
But the 'win' column doesn't need to count those--they have enough in the Ethereum ecosystem to make up for them anyway.
4) I say all this because Multicoin feels different from most VCs.
Every call I've had with them, they've drilled into specifics and content and strategy, not fluff.
Sometimes I disagree with their positions but then we can talk about it, because they have falsifiable claims.
Every call I've had with them, they've drilled into specifics and content and strategy, not fluff.
Sometimes I disagree with their positions but then we can talk about it, because they have falsifiable claims.
5) And if I can convince them that their claims are wrong, they'll change their mind.
And if I can't, sometimes I'll change mine.
And if I can't, sometimes I'll change mine.
6) They're not the only VC like this--we tend to gather around those that are.
But it's the exception, not the rule.
But it's the exception, not the rule.
7) This isn't the only good type of VC. Some others will sometimes say:
"fuck it, idk what's going on with this product, but the team always does well and seems excited, so probably they're right; I'm in!"
But both are way better than the VC that just does the standard suite.
"fuck it, idk what's going on with this product, but the team always does well and seems excited, so probably they're right; I'm in!"
But both are way better than the VC that just does the standard suite.
8) Some more thoughts on VCs:
https://twitter.com/SBF_Alameda/status/1291231303682027520
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