Replies (12)

BoomTown's avatar
BoomTown 10 months ago
Don’t know how you define “VC”. To me, investing in a bunch of start-up companies, sitting on their boards, raising LP funds pretty much makes Ten31 a VC. Obviously, y’all have a niche investment thesis but it doesn’t change that you’re a VC.
BoomTown's avatar
BoomTown 10 months ago
Except Ten31 isn’t doing the sats flow. He is allocating capital to companies doing the WORK and then advising others to flow sats. They’re taking a cut of their LPs’ capital. Thats like the literal definition of VC… The middle man is unnecessary. Funds are unnecessary. Bitcoin fixes this.
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Daniel Morrissy 10 months ago
It’s very early and the model has lightyears to go before general adoption. Long term you may be correct. I’m always happy to hear a thesis.