You reserve emotional capital for days like this 🤝

Traders are judged by the consistency of their wins, VCs by the magnitude

If you invest any pool of meaningful capital in crypto, please hear me out.

Say no to “safe” 5x’s for the bazillionth copycat L1 or gorillionth Eigenlayer clone.

Giving money to founders building risky 0x or 500x’s is how industries move forward.

Stop booking comfy paper…

How valuable and liquid a token will be is almost entirely based on whether your token gets on Binance / Tier 1 CEX

Which means inviting the shadow-banned funds to your cap table could be more disastrous than having good investors is helpful

Difficult to navigate for first…

Really enjoyed this conversation with MoneroMahesh @EV3 on DePin.

Despite all the hype around DePin the vertical is smaller than most in crypto, but the use cases are among the most promising.

We break down the key projects/ categories to watch here 👇

Comment “yes” if I should do a BLOCKCRUNCH episode with Sanat on good projects with shit tokens + shit projects with good tokens

Comment with your seed phrase if I shouldn’t 👉🏻👈🏻

Jason Choi spot on here
Token design is a product
Experienced crypto founders know this

Also public co founders & CEOs know that value doesn’t just automatically accrue to their equity - finance and IR teams do the storytelling to the Street incl thru channels like CNBC & BBG

One welcoming change to this cycle is the emergence of real Web 2 businesses with 8 figure+ ARRs that have tokens

Common challenge here is founders are domain experts - but wrongly assume value accrues to token automatically like equity and treat it as afterthought

In reality,…

Excited to announce TANGENT’s first and only investment in the Bitcoin ecosystem 👀

jason is one of the best you'll ever work with

if you're a passionate writer or researcher looking to build your platform, this is it

.Jason Choi took a chance on me in 2022 & I count myself blessed every day

One of the best platforms you can get to kickstart your Web 3 career. Feel free to DM if you have any questions!

Looking for an analyst to contribute to BLOCKCRUNCH VIP and build a brand for themselves 💪

Paid role, fully remote, part time - if interested send writing samples to BLOCKCRUNCH DM

One of the most important events in crypto this year!

TANGENT is an investor and we have been investing in the ecosystem as well. Some very solid teams coming

For long term investors there are always bad prices for great teams, but never great prices for bad teams

Haven’t dug into Karak yet but if this is true that’s pretty sad, but more importantly symptomatic of a disturbing trend that comes with bull markets

We have no external investors at TANGENT . Literally just punting our own savings

When we bet on the wrong horse, it’s our…

When we have conviction, we double down in every way we can.

This is just the start.

Don’t think this is happening yet

But an unspoken effect of too much capital in crypto VC + a market that rewards blind speculation could be this:

> Funds over-raise
> Returns compress
> LPs angry, GPs desperate
> Bet on more low effort speculative shit to get a quick mark
>…

Besides hands on help in the early days, TANGENT also puts our money where our mouth is.

What we did for 1 portco:

Seed check
2x size in follow on
5x size in liquidity provision
50x size in liquid market post listing

All with our own capital, no external investors

Thrilled to see the growth for Pendle

Unfortunately when TANGENT started, Pendle was already years over its seed stage, but glad to see an old Spartan portco do well

This BLOCKCRUNCH interview with TN | Pendle was done in 2021 June, noticed a spike in downloads…

Conference networking tip: maybe don’t open a conversation with “you look like Justin Sun”