I passed on @solana's seed round in early 2018 at $0.04.
At current prices, that's a 3,250x.
Solana was one of my first ever pitches as a junior VC, and back then I wrote memos for every deal I passed on (adorably naive and overconfident).
Re-reading this memo now is peak junior VC cringe. At the time we were obsessed with "Ethereum killers," consensus protocols, and what was going to replace the EVM / eWASM.
So here it is, fully unedited—the worst investing miss of all time.
Happy birthday, Solana! 🎂
5 rug pulls in a month:
- US President Donald Trump : $TRUMP
- First Lady Melanie Trump :#MELANIE
- Binance Founder CZ : $TST
- African Republic President : $CAR
- Argentina President : $LIBRA
crazy
What does MVP stand for? Wrong answers only.
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