A redditor shares their 50 brutally honest takeaways about venture capital: 1. There are not enough good companies out there to justify the amount of venture funds in existence. 2. It used to be a requirement for VCs to have company building experience, but that has gone away as more funds h... See more

Most importantly, Multicoin Capital can invest in competing protocols rather than having to pick a single winner in a competitive space. This significantly lowers risk for investors. It is generally easier to spot trends than it is to pick specific winners. For example, there are many smart contract platforms today: Ethereum, NEO, Stratis, Lisk, Ae... See more

Solana has turned out to be one of my most successful investments, generating a 4,000X return. And yet things I now find normal—dealing with pseudonyms, betting on founders halfway across the world who don’t want to give investors any control—are still baffling to my colleagues who came up during the Web 2.0 boom.