0/ Why the next bear market will not be like the last one
And in fact, we may not have a bear market at all
Or we may have half a bear market, depending on your perspective
A thread
Ethereum was my entry into crypto in 2016. I fell in love with the vision for permissionless finance and smart contracts.
ETH was my first meaningful source of wealth
In 2017 Ethereum was the center of crypto. Up 100x in a year. ICOs. Future of finance. Gas fees spiking.
0/ Today Forward Industries (@fwdind ) closed on a $1.65B PIPE cosponsored by my firm, @multicoin along with @jump_ and @galaxyhq . 100% USD, no in-kind
I am now Chairman of the company
In addition to Multicoin's investment, I invested $25M personally into the PIPE
0/ @multicoin has been investing in SOL since May 2018
In that time, we have published 4 theses to share our views on how we think about Solana
Today I'm excited to share the 5th in that series:
The Solana Thesis: Internet Capital Markets
(link in next tweet)
David understands the role he is in
His team reached out to us a few months ago and we found a buyer for Craft’s remaining Multicoin related assets
David is as above board as you can be
david sacks giving up his multicoin position is a big deal and shows he is serious about not having conflicts of interest.
the multicoin LP position is one of the best performing assets out there because of early SOL, and solana clearly has more upside from here (vs say ETH).
