.Jason and I co-authored a report and framework, which today makes most sense to assess crypto projects very much like cities. It comes down to the strength in the community, which is multi-faceted and nuanced. Check it out! 👇

The "here are some financials, tell me what the business is worth" game drives me up a wall. The correct answer is always "not enough info" becuase to value something properly you need more than just financials.

I'm not "happy" that the public markets in general and tech in particular are getting smashed and experiencing gut-wrenching volatility (just look at the VIX today), but it's necessary education for a generation of young folks who know of nothing other than "up-and-to-the-right"

NFTs can be used for so many different things that you're inviting history to make a fool of you if you dismiss them. Even if I were sure that most current uses of NFTs were bogus, I'd never dare to say that all possible uses were.

Dudley full bear... force an asset sell off to tighten monetary conditions. Only way to stop inflation from spiralling.

Earn the right to take risk.

In watching the the show “we crashed” about Adam Neuman and the WeWork story, it’s mindblowing what can be accomplished if you believe in yourself to the point of delusion.

“Thoma Bravo, a private equity firm, just took out a software company at 12x forward sales. Today, you can buy a lot of software companies at roughly half that multiple, and they are growing faster with better fundamentals than the asset acquired by Thoma Bravo.” - Gavin Baker

For better or for worse, much of one’s life trajectory nowadays seems to hinge on how many inhibitory neurons they have between their brain and their thumbs.

It truly amazing what a really good hair conditioner (and a couple billy) can do!

Jeff Bezos The problem isn’t valuation at these prices. Valuations for growth stocks are not expensive. Investors have learned their lesson w valuation. Now it is time for mgmt teams to learn a lesson from the mkt. Market is telling them to stop wasting money and focus on execution.

I don't know who needs to hear this but we need more founders. We don't need more VCs.

i love how bitcoin falls as inflation increases lol

$XBI LFGGG!

A few years ago Jason and I co-authored this piece on the last 3 bear markets before the one in 2017. Crypto has come a long way! The silver lining is crypto doesn't suffer from an existential crisis anymore. 👇👇 medium.com/mosaic-network…

Wtf is corporate strategy at a startup?

The entire market ecology has a tough time adapting to the end of cheap (even free) money, with cash flow, rather than "valuation" being the central focus. Those who entered finance after 2008 are, basically, unskilled labor.