Sarah Drinkwater

The second structural problem with the VC industry is that most venture firms are selling a product that is fundamentally an undifferentiated commodity — capital.

All three are, at various times, infatuated and disappointed with one another, their friendships stimulated and fueled by rivalry as much as affection. And all three will mythologize Bennington in their fiction—fiction that, as we’ll discover, isn’t always fiction, is often fact—and thereby become myths themselves

I loved this concept of evaluating your own potential cause of death as a venture firm. Over the last few years the number of venture firms has grown from ~900 to nearly 2,000 different firms managing $500B+ of capital. In a market correction some people predict as many as 50% of those firms could fail. One prediction I have is that as venture... See more

One of the reasons that there is so much confusion around token design, and value accrual specifically, is that tokens, and the DAOs and protocols that issue them, are so multifaceted. Sometimes, the issuers want them to behave like shares in a corporation. Others issue “governance” rights to skirt regulations while insiders pump the tokens in the... See more

Somewhat to my surprise, I found an answer waiting.I want to follow people who are interesting to me, in a way that’s simple, expressive, and predictable.