Tom White

International opportunities remain vast for those brave few willing to expand beyond local borders and limited markets. Put simply, it’s what the “Smart Money” is doing. Data shows that larger market participants such as QED have shifted their focus more on markets outside the US in recent years.Given this international opportunity, deal flow and... See more

On Failure: I think seeing failure is really important. It’s important to learn the lesson of what didn't work, sometimes more so than learning the lesson of what did work.On Networking: Replace the word networking with relationships. Networking feels transactional; nobody wants to be networked. Your job in your 20s is to forge relationships and... See more

If the mention of words like web3, crypto, and their complementary acronyms—NFT, DAO, DeFi, et cetera—prompt fears or jeers, derision or confusion, I shall serve as Virgil to your Dante.

By definition, you will likely succeed a vanishingly-small percentage of the time, but—as the saying goes—that’s a feature, not a bug. The point is to venture—fistfuls of money in hand—at the furthest extremes of capitalism, hoping to stumble upon that rare, proper intersection of technology and commerciality.By design, most investments will miss... See more

History shows some of the best opportunities come in bad times, not good ones.Though we’re not in the business of prediction here at Stonks, in the words of Lord Byron: “The best prophet of the future is the past.”Put simply, if public/crypto market turmoil persists, early-stage valuations may well drop ~30% or lower (i.e.below levels seen merely a... See more