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I wonder what % is @BluejayFinance in any person’s investment portfolio now especially if taking big bets
(@BusinessInsider what part of the barbell would this be?)
Oh wait
(Huge missed out for founders) Tokens for web2 M&A
@TheSandboxGame was at ~20b at ATH, and you know my beloved @EpicGames was ~ at 45b at peak. Sandbox was ~ half of Epic’s valuation and even more bizarre, $sand was liquid while Epic’s equity was private! What could have been done?
A often missed out opportunity for founders is M&A, 𝒏𝒐𝒕 𝒂𝒄𝒒𝒖𝒊𝒓𝒊𝒏𝒈 𝒕𝒐𝒌𝒆𝒏 𝒑𝒓𝒐𝒋𝒆𝒄𝒕𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒔𝒑𝒂𝒄𝒆, 𝒃𝒖𝒕 𝒂𝒄𝒒𝒖𝒊𝒓𝒊𝒏𝒈 𝒘𝒆𝒃2 𝒄𝒐𝒎𝒑𝒂𝒏𝒊𝒆𝒔. 𝒊.𝒆. 𝒕𝒐𝒌𝒆𝒏𝒔 <> 𝒆𝒒𝒖𝒊𝒕𝒚 𝒔𝒘𝒂𝒑. There are 3 major reasons I think it’s golden opportunity.
1) Token vals are much more inflated > equities
When tokens retrace, look at $sand as an example (95% retrace since ATH), it’s much more than traditional equities. Simple af here, what’s better than using your inflated tokens buying out often much more stringently valuation-tested out equities? Perfect trade.
2) Those are real users
In bear market, my team checked out pricing of web2 gaming guilds in SEA. Roughly 250k usd you could buy a guild with 3-5m players. 1m worth of tokens you could buy 12-20m real users. Often in web3 space projects spend tons of tokens in doing farming campaign. How many real users can they get?
3) Operation integration
Most web3 projects wouldn’t have bank accounts and an operational infrastructure that matches their billions $ of val. but when your size is at certain point, you need that. Don’t want to start from scratch? Just do M&A, not only you get a complete infra but also the talents who will run it.
My advice to all my portfolios who are unicorns in val or aspiring to be one, 𝒉𝒊𝒓𝒆 𝒂 𝒄𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒆 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒚 / 𝒄𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒆 𝒅𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒑𝒆𝒓𝒔𝒐𝒏. Growth at some point has to be inorganic (by acquisitions), that’s capital market 101.
🧵 A thread on the key crypto catalysts to look out for in the month of March
👀Macroeconomic-catalysts:
- March 14 and March 22 will be key dates to watch, as Feb's CPI data & the Fed's subsequent decision on said data will be divulged respectively.
- If Feb's CPI reveals...
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