There is some irony in the biggest web3 “community ownership economy” vocal proponents being the world’s largest venture capitalists who are simultaneously trying to buy 20% in private seed deals for pennies
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Idk most seed deals these days chump deals
Just got pitched a 1.5B preproduct FDV deal
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Agree valuations are out of hand now due to froth and tradvc fomo— but they then open on market with 1% float at 20-30bn valuation, so retail buyers are chumped even harder.
That deal is the one with triple lead ye?
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Nah that one had a "real seed" for 50M FDV
This one literally just a deck
Good of them to have put together a deck at least -_-
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Retail is protected from chump deals
So we good, Sand Hill getting rugged bad though
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wagmi
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