zlacker

[parent] [thread] 2 comments
1. puranj+(OP)[view] [source] 2022-05-21 22:28:14
Even serious crypto people knew that UST was highly unstable lol

How did these guys raise funding? They literally just built a fiat onramp

replies(1): >>ushako+z2
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2. ushako+z2[view] [source] 2022-05-21 22:42:46
>>puranj+(OP)
> How did these guys raise funding?

either the investors didn’t do enough research or they were on it

https://davidgerard.co.uk/blockchain/2022/04/11/web3-a-vc-fu...

replies(1): >>gabere+m4
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3. gabere+m4[view] [source] [discussion] 2022-05-21 22:53:40
>>ushako+z2
This article is spot on to what I saw in the VC space (I won’t name where). Tons of little copycat crypto “companies” taking VC money for tokens which were collateralized with BTC. I know this article is going after a16z but it’s not just them, it was pretty much everyone.
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