From first buying BTC at $3/coin to building Coinbase early to investing in Polymarket, Opensea, Bridge and more early one thing is consistent
Believe in something more than making money
SKIN IN THE GAME OR STFU
- Truth is many crypto funds from 2017 and earlier were off the charts on DPI which is why so much institutional capital flooded into “crypto VC.” Many were right place right time, still TBD on whether we can prove to be more than that but we are grinding. There are billions of“Top decile” DPI on a 9 year old venture capital fund is 1.18x. That’s terrible 1confirmation net DPI since we started: Fund I (2017): 7.08x Fund II (2019): 3.25x Fund III (2022): 0.19x
- “One of the biggest problems in the world: how do we know what’s true?” - Nick Tomaino on the Brice Butler Podcast
- “Believe in something” - Nick Tomaino on the Brice Butler Podcast
- Since Ethereum was born 11 years ago today, every new consumer app that has pushed the space forward has emerged from the Ethereum ecosystem Stablecoins, decentralized exchanges, prediction markets, NFTs and more Happy birthday @ethereum the next 11 gonna be even more epic


