let's see who pretends they didn't know. memos exist

yes we did a strategic raise. the strategy was to not run out of money

crypto is a slave to the token economy

even harvey weinstein had people stick their necks out to defend his character

seeing good people win is way more satisfying than seeing terrible people lose

real metrics don't matter when the right strategy is to lie about them as you sell your token

sometimes when you do diligence you need to dig to find the story

and sometimes, no matter who you ask 50 red flags immediately pop up

this was the latter, and every other investor can corroborate because everyone got a look at this deal

in retrospect there may have been signs

first they came for the eclipse guy and i said nothing (because he was definitely guilty). then they came for the bankless guy and i said nothing

same goes for known bad actors

the best time to prove you're ride or die is when everyone else is abandoning (buying the bottom)

but it's a risky strategy

always remember that every single one of the investors knew; they just thought it wouldn't become public

didn't expect this to be his type but to each their own

am i ugly if he didn't grab my waist too

When you're a founder, they let you do it. You can do anything.

this is the most a16z crypto has ever publicly supported a portco. interesting hill to die on

in the zero sum token meta everyone doing deals needs to convince their counterparty that someone else is getting rekt

team convincing investor, team convincing airdrop farmer, founder convincing employees they will dump on retail together

every points program and heavily signaled airdrop is basically this with more steps

nobody is disputing this. they just don't like how layerzero has been encouraging fee-paying usage for years by dangling a future airdrop in front of them, and only declaring the rules now

99% of usage is purely for expectation of future profit

suppose there's a token where natural sellers have little friction, and natural buyers have tons of friction

and there is an admin button to zero out the buying friction

what happens when the button is pushed?