Oddbean new post about | logout
▲ ▼
ODELL | 1 months ago (raw) | root | parent | reply | flag +2 
 WE TAKE CALCULATED RISK AT TEN31 TO SUPPORT EARLY STAGE BITCOIN COMPANIES WITH MASSIVE UPSIDE POTENTIAL.

OUR INVESTORS ARE AWARE OF THESE RISKS. MOST HAVE SIGNIFICANTLY MORE BITCOIN THAN THEIR INVESTMENTS IN US. WE RECOMMEND THAT CONSISTENTLY.
▲ ▼
SHSS | 1 months ago (raw) | root | parent | reply | flag +4 
 It wasn’t personal. I was curious about the risk comparison between a public company taking on debt to buy bitcoin vs betting on startups.
▲ ▼
ODELL | 1 months ago (raw) | root | parent | reply | flag +2 
 MUCH EASIER FOR A PUBLIC COMPANY TO GET ACCESS TO CHEAP DEBT THAN A STARTUP, FUND, OR INDIVIDUAL.

I THINK MOST VC FUNDS ARE GOING TO GET REKT.

THEY MOSTLY OPERATE ON AN EASY MONEY EXPECTATION AND MONEY IS GETTING HARD QUICKLY.
▲ ▼
mandana | 1 months ago (raw) | root | parent | reply | flag +2 
 If we are actually trying to operate on the Bitcoin Standard, new ideas should have solid business model so that day one it makes revenue is not debt or donor dependent.