Category Archives: Blockchain

What Bear Markets Look Like – AVC

Trying to grok this. Interesting framework for thinking about it but not sure it is true.

Might be a long time to be proven right or wrong on this one.

What Bear Markets Look Like – AVC:

But those who stayed were rewarded, although it took a long time for that to happen. We didn’t see meaningful paydays in the Internet sector until the 2007-2008 period and the big paydays didn’t start coming until 2010 and beyond.

The thing to look for in the downturn is signs of life. There were little projects that turned into big ones. Blogger was started in late 1999, almost shut down many times in the next few years, and was picked up by Google in 2003. Myspace, LinkedIn, and Facebook all emerged in the 2002-2004 period, as the Internet was finally coming to life again.

So that is my framework for thinking about where we are with crypto and where we are going.

I think some crypto asset (and possibly a number of crypto assets) will have a price chart like Amazon’s current one in 18 years. But we will have to do what Amazon did, hunker down and build value and survive, for quite a while to get there. And I think things will get worse before they get better.

a16z Podcast: Technological Trends, Capital, and Internet ‘Disruption’ — a16z — Overcast

Love hearing Fred and just his candid take on so many subjects.

Also some pragmatism around crypto but at the same time very interesting ideas of where it can go. 

The post 40m mark talks about digital goods and things crypto can unlock. Crazy stuff but still possible.

I read Fred and always admire his experience and just straight talk about the VC industry.

Go listen.

a16z Podcast: Technological Trends, Capital, and Internet ‘Disruption’ — a16z — Overcast

Terra gets $32 million to build the future of money with blockchain | VentureBeat

CRA CRA

Looks like there are, or will be, some more Crazy Rich Asians in Singapore. Terra has raised $32 million to fuel its vision of creating Project Terra, the next generation of digital money, based on blockchain and cryptocurrency technology.

— Read on venturebeat.com/2018/08/29/terra-raises-32-million-to-build-the-future-of-money-with-blockchain/