5113
Ben Lakoff

@benlakoff #5113

Entrepreneur and Investor in Web3 @BanklessVC
265 Follower 171 Following
I recently saw this metric from Cartaโ€™s 1Q24 VC Fund Report, which is very concerning. DPI... is nowhere to be found in earlier vintages that probably should start showing DPI.

Funding early-stage projects is great, but ultimately, these venture dollars need to exit their investments and pay back their limited partners.

This is traditional VC data from Carta, and is not strictly crypto venture. Crypto venture tends to get liquidity earlier (tokens) and things tend to go parabolic sooner (faster, more unicorns) - but likely that the data here is somewhat similar for Crypto VCsโ€ฆ Not as much DPI as there should be from these earlier vintages.

Read the full article, as well as a recap of all the crypto fundraising rounds for August, here: https://benlakoff.substack.com/p/deal-flow-digest-august-2024
Pretty darn eventful July. But the market is down today so it must all be over. ๐Ÿป

In July:
- Crypto/AI fundraises, 18 raises >$10M.
- 5 New VC Funds announcing their fundraises.
- 3 Ongoing hackathons w/ >$200K in prizes

More here: https://benlakoff.substack.com/p/deal-flow-digest-july-2024
Ola Beach tennis tonight at 17:00

Sun should be out. I'll be there ๐Ÿ‘‹
/LA
286,413 Memecoins launched on pump.fun in the last 30 days.... Nearly 10K moar memecoins, every day.

This is just on one site.

Moar memecoins. Faster. Fragmentation of demand and attention? Never.
April 1st... Believe nothing you see, anywhere.

Shame on the teams trying to make real announcements today.

Brace yourself. $DEGEN
In March, 36 Deals w/ funding >$10M

VC Dry Powder is being deployed & Markets continue to rip. Deploy with haste to raise your VC's next fund?

Every month I post The Deal Flow Digest Mar w/:
- Recap of largest web3 funding rounds
- Airtable with ALL the data
- Hackathons & Demo Days
- VC Fundraises
Soโ€ฆ anytime anyone bridges to Degen Chain, it just market buys $DEGEN to use as gas on the L3?

Genius. ๐ŸŽฉ
I suppose I'm taking $onchain pill
Paid summer analyst intern position (full time) at @banklessvc

We want smart, passionate, curious people to join us for the summer. Full time internship which hopefully evolves into a permanent role post-summer.

Join us, details below ๐Ÿ‘‡๐Ÿ‘‡
If any FC frens are still in town on 6-May - happy to host you to speak at CryptoMondays LA. Every Monday in Venice :)

Dms open. @ted
The builders keep building. Bullish $DEGEN
Just bought @Coop token on @drakula

Bullish.
Bull market vibes. Seeing a lot of TGE/ICO/IDO style launches. What is the best launchpad these days?
gm $4K ETH

Wen $DEGEN ath
This. Is. So. Wild.

Larry Fink, of blackrock - the largest financial organization on earth talking about BTC as digital gold - long term store of value and protection against devaluation of fiat currencies.

Bitcoiners rejoice. Bullish crypto.
Reallllly enjoyed the latest pod @santiagoroel great stuff.

Took a ton of notes. One that sticks out:
โ€œDo the ACTUAL work. Get in discord. Talk to people. Re-underwrite the position. Talk about community all the time, but do we actually implement the dd here?โ€
Is there a frame for a Farcaster trading bot? Thinking directly in FC as a combo of: Dexscreener + Analytics + DEX
Whatโ€™s the highest leverage CTA to help spread the word about $DEGEN outside of the FC circle?