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Three counterintuitive lessons from a crypto investoooor

showerthoughts.substack.com · 1,251 words · saved by 1 readers

gm Substack! I finally started a Substack and for my first article I’ll be writing about three counterintuitive lessons I’ve learned from being a crypto VC over the last few years. Don’t worry I’ll get into more spicy topics like politics in future articles.

Three counterintuitive lessons from a crypto investoooor Richard Chen Apr 22, 2022 65 4 Share gm Substack! I finally started a Substack and for my first article I’ll be writing about three counterintuitive lessons I’ve learned from being a crypto VC over the last few years. Don’t worry I’ll get into more spicy topics like politics in future articles. 1. Portfolio construction is more important than picking the right companies. This lesson is the most counterintuitive. But the math is actually quite simple. If you invest 0.5% of the fund in a company that returns 100x, you still don’t return th

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