Sarah Drinkwater
@sarahdrinkwater
Knowledge beachcomber interested in the ownership economy, flourishing communities, ecosystem building, magic, and knowledge as an end to itself.
Sarah Drinkwater
While the majority of the broader venture market is still dominated by large traditional firms we're seeing more changes in the space than ever before. Celebrities are not only active angels but they're building firms whether its The Chainsmokers or Serena Williams. Angel investing has exploded past $25B in capital invested and you're seeing a... See more
Fantasy Capital
A topic I am keen to write about is Thomas Kuhn’s The Structure of Scientific Revolutions, and what it might teach us about scientific groupthink and pandemic management, 2020—. So I will save most of this for then, but there is an interesting relationship between groupthink and In-group Cheems.
#1: In-group Cheems
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
Packy McCormick • Designing Token Economies
perspectives on funding and venture capital (VC) and venture capital
As the amount of capital raised by venture capital firms nearly 8x’d between 2013 and 2022, the number of new startups funded didn’t even double.
When you take total VC dollars raised, divided by the number of new companies, you’ll see the average startup today has 5x more VC capital available than its counterpart did in 2013.
Rather than fund more ideas or more types of founders, most VCs simply ended up giving more dollars to more of the same founders and ideas they’d always back.
Great businesses aren’t good enough to drive the kinds of returns needed to generate the kinds of returns mega funds demand. As more capital was consumed, more risk was layered on to push from a great outcome to a mega-fund returning outcome.
Today, the fuel for startups and the oxygen for funds are being cut significantly. There is less available capital and appetite for burn
Barcelona’s Superblocks: Putting People at the Centre | CityChangers.org
Michele Castrezzaticitychangers.orgOpen source projects, the infrastructure of digital public goods, have long relied on unsustainable funding sources like Github Sponsors, Open Collective, or Buy Me A Coffee. Besides the very few that have reached commercial success by transforming into enterprise SaaS, the vast majority of projects failed to find adequate funding.
Tina He • [FKPXLS] The New Frontier of Belonging
Just a lovely personal site - copywriter I want to remember.
In other words, when they say they are not lookingfor a faith community, millennials might mean they are not interested in belonging to an institution withreligious creed as the threshold. However, they are decidedly looking for spirituality and community incombination, and feel they can’t lead a meaningful life without it.The lack of deep... See more
Casper ter Kuile • How we gather
There’s a lot of mis-information being shared about VC performance and how it translates into LP returns.
There’s also a lack of understanding about how the VC ecosystem broke the LP ecosystem over the past few years and why this matters A LOT.
Here’s what’s going on:🧵👇
fintechjunkietwitter.com