Tom White

Like most things, though simple, it is not easy. After all, the map is seldom the territory.To hammer this home, below are two things Venture Capital is decidedly not:If you are funding a company to “pour gas on the fire” and replicate/scale already-validated results, that is not venture capital. If you are funding a company to “run the same,... See more

Like a raging river, information courses along faster than ever before.The maelstrom will never cease. In fact, her gales will blow harder, her raindrops grow fatter with the bits and bytes that make up our digital deluge.We have too few hours to comb through too much information. Not to mention, it takes real, hard, honest work to separate the... See more

Despite this grandiose fervor, venture capital is not changing.Like a word’s denotation, it is unchangeable — an absolute, a fixed paradigm.Venture Capital, very simply, funds:The test of a true, novel hypothesis with…Enough capital to definitively prove or disprove said hypothesis so as to generate…Supporting data that makes it clear that the... See more

Diplomacy, in Cooper’s view, is high-stakes drama. An admirer of Shakespeare, he approaches it as a playwright would. Or a screenwriter. For example, here’s how he sets the scene for Kennan’s epoch-making Long Telegram, the embryo of the U.S. policy on containment: “February, 1946. Moscow. George Kennan is sick in bed . . . His ambassador is away... 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

To know me is to understand that I have been, am now, and will continue to be knee-deep (read as: submerged) in both web3 and crypto. For better or worse—depending upon who you ask—this is not new; I have been beating the web3/cryptocurrency drum for a number of years now. The disintermediation of trust, from partial third parties to objective... See more