Zach Profile picture
Jun 6 2 tweets 1 min read Read on X
shortly after we started bridge, terra-luna collapsed, ftx imploded, btc declined >75%, nfts crashed.

*all* of crypto was uninvestable

whatever this is, it’s not as bad as 2022. tokens are crashing but many of the core products are here to stay (stables, perps, lending, etc)
in fact, the collapse of many tokens is likely good long term. way too much short term ism in crypto generally.

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More from @zcabrams

Aug 19, 2020
In 2011, I left my job in finance to start a company. I didn’t have any experience in tech, didn’t know ppl in the industry, and in fact didn’t even really know what engineering, product and design were.

If I can make it thru this startup journey, anyone can. A thread 👇
I worked in private equity. My dream was to be an operating partner at a distressed PE firm. We were buying auto cos in 2010. The epitome of 'distressed'.

After 2 yrs, I realized the job was *really* depressing 😥 You improve margins by firing lots and lots of ppl
I decided to leave. I got great advice to try something dramatically different ... not a little different ... but wildly different.

Starting a tech company felt like the opposite of managing finance for an auto parts marker :)

So that's what I did
Read 15 tweets

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