Why do you think companies with competitive seed rounds?

The hotly-competed seed investments I’ve made have underperformed. Fundraising has very little to do with running a good company. It’s just very hard to pick well at the seed stage, and most companies don’t have hot seed rounds, so most successful companies don’t either.

Sam Altman in Black Swan Seed Rounds
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Why do you think companies with competitive seed rounds?

Should I invest in a company with a competitive seed round?

In my experience, the “hot seed rounds” that everyone is fighting to get in are anti-correlated with very successful investments. The hotly-competed seed investments I’ve made have under-performed. The one major exception is Optimizely.

Sam Altman in Black Swan Seed Rounds

 

Should I invest in a company with a competitive seed round?

What is effecting the price of bitcoin?

When miners mine bitcoin, they have to for the electricity in dollars. As the difficulty goes up and the price of bitcoin goes down, they have to sell a larger and larger percentage of what they mine (for electricity).  It still makes sense to mine if you’re living in a dorm and don’t pay for electricity, or if you can’t pass a KYC check and are willing to pay a big premium for bitcoin.

Sam Altman in Bitcoin Price Pressure
What is effecting the price of bitcoin?