nftpal

[Jason Choi @mrjasonchoi]

Founders should be aware of the VC ponzi scheme.

This is widely known in Web 2, but more egregious in Web 3 imo.

It happens like this:

- VC sprays $1m checks in $20m seed rounds
- Pressures founders to raise at $100m prematurely
- Puts in $1m in the follow ons
- On paper, the original $2m investments are now worth $6m a pop (3x MOIC) before dilution
- Rinse and repeat for as many portcos as possible
- Shows paper mark up to fomo LPs
- Raises more funds on paper marks
- Milks 2% management fee

This is the VC business in a nutshell, and a huge reason why @tangent_xyz is all internal capital and not structured as a VC fund - to avoid incentive misalignment.

We cannot profit from paper gains; we only make money if we actually make the right investments.

Obviously, not every VC fund is like this - there are many smaller ones that are highly opinionated, and a few bigs ones that are deeply selective and net positive for the space.

You will find them in many cap tables we are on 😉

But a vast ocean of middling funds try to run this scam, especially those who are underperforming and desperate for returns.

Founders should always question their VC's motives when they pressure for earlier and bigger rounds.

[nftpal @NFTPAL2170]

@SirW__ @Poe_Ether LFG!!

[nftpal @NFTPAL2170]

@GIKOcatSOL @travladd first cat on the internet!! LFG!!

[nftpal @NFTPAL2170]

@GIKOcatSOL $giko

[ERA @OfficialEraNft]

Our website is live, and so is the “Gathering Event.”
If you are allowlisted or waitlisted, join the Gathering Event on https://t.co/TXstHIRbOh to secure your spot.

Details 👇

[nftpal @NFTPAL2170]

@Razbulla @moonbears_xyz GM

[Corntown @corntownwtf]

say hello to...👀

Mint Date : 11th January

Apply here: https://t.co/9CHF8abOwl

Ps. don’t be late to apply...

#Corntownwtf

[Coniun @Coniunio]

$CONI & @OfficialEraNft are around the corner.

Read the detailed roadmap on https://t.co/PAEfYIxe0N

[nftpal @NFTPAL2170]

I just won the following from my 2 @projectPXN Whiteboxes:

- 5 PxN Tokens
- 1 !R10T

#pxn #pxnwhitebox

[ERA @OfficialEraNft]

We are building a diverse, active, and engaged community of long-term investors who will be loudest and strongest together.

Join us at https://t.co/DN1oQcEiLl

[ERA @OfficialEraNft]

“I can’t hold them back any longer. They demand a response. Will you join Alphas?”

[Mekawaii メカ - SOLD OUT @MekawaiiNFT]

Thank you very much for the 1000 followers milestone achieved together , we are astonished by the support !

Meet Akemi, bringing her beautiful and shiny soul into the new world

Turn notis on , she might reward someone …

[Leonidas 🧡 $DOG @LeonidasNFT]

Historical NFTs should not be underestimated. The narrative of @LinageeDomains being the first NFT on Ethereum made it the most popular app on the entire Ethereum network. Just wait until people learn about the other historically significant collections out there like Rare Pepes.

[jimmy @jimmyreformed]

community managers trying to keep the discord alive during this market

[4lteredBeast.eth @4lteredBeast]

2/
The most obvious of which, will be email phishing attacks. Prepare to receive a LOT of emails purporting to be from not only OpenSea themselves, but likely other NFT platforms as well.

Never click a link from an email - always go to the site manually

[Girls Riding Things SOLD OUT | Heroes of Callisto @GirlsRidingNFT]

Girls Riding Things is a collection of 3,333 generative illustrations of women grabbing life by the reins!

We donated 20% of our mint proceeds to the Fistula Foundation and buy art from underrepresented 1 of 1 artists!

[Eyeverse @eyeversed]

-.... / .- -. -. --- ..- -. -.-. . -- . -. - ... / .. -. / -.... / .... --- ..- .-. ... / ..-. --- .-. / -.... / -- .- -.- . ... / -... .-. .- -.-. .

[nftpal @NFTPAL2170]

https://t.co/ypL4ycynSO

[Feet and Eyes Guys @FeetAndEyesGuys]

We LOVE black and white, but we are looking pretty cute with a hint of blue... @opensea

[nftpal @NFTPAL2170]

I just entered @AutoTrader_UK’s monthly️ #ElectricCarGiveaway & you can too! This month’s prize is a Ford Mustang Mach-E GT worth over £69k! It’s free to enter & you have until 30th June. All information (including Ts&Cs) can be found here: https://t.co/ipgKqyREBR