shortly after we started bridge, terra-luna collapsed, ftx imploded, btc declined >75%, nfts crashed.
*all* of crypto was uninvestable
whatever this is, itβs not as bad as 2022. tokens are crashing but many of the core products are here to stay (stables, perps, lending, etc)
Two of our worst VC stories:
1. A Sequoia partner passed on Cloudflare because he didnβt think a woman could lead a security infrastructure company. Seriously. π
2. I got introduced to @pmarca. Meeting got scheduled for a Monday, which should have been a clue. I thought it was just a casual meeting. He thought it was a pitch and brought the whole @a16z partnership team. Hilarity ensued. π€ͺ At one point one of them said: βYou donβt seem very prepared.β Which was true because I wasnβt. I framed the rejection letter they sent.