Why Crypto 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?
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.
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✨ DEBRIEF | Unpacking the episode:
https://www.bankless.com/1conf
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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
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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...
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
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