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Six Crypto Predictions for 2021
By Adam Sharp on December 23, 2020
Today I’m going to try to make some predictions about the crypto markets in 2021. Let’s dust off the crystal ball and get started. Here’s what I think will happen: Bitcoin will reach at least $50,000 next year. At least five more large publicly-traded companies will buy bitcoin as a hedge. These new companies will join MicroStrategy and Square in adding this alternative asset to their treasuries. Overall, altcoins will lag behind…
Naughty and Nice Lists for 2020
By Aryelle Young on December 23, 2020
Confession time. The #DogsofTwitter is one of my favorite Twitter communities. In this truly joyful corner of Twitter, dogs of all ages are trying extremely hard right now to be good boys and girls until Santa Paws arrives to give them treats and presents. Yes it’s totally corny.
Investing in Startups Without Traction
By Adam Sharp on December 22, 2020
As a general rule, I prefer to invest in companies that are growing quickly. That means startups with plenty of traction. However, sometimes I do break that rule — and doing so recently produced a great outcome. Back in 2016, I invested in a…
A Bright Future: Startups, Bitcoin and DeFi
By Vin Narayanan on December 21, 2020
I am hopeful. That’s not an easy sentence for me to write here at the end of 2020. Even as the new year approaches, there’s still plenty to be concerned about. A close friend’s dad has taken a turn for the worse (not COVID related —…
Crypto is Rising – And It’s Going to Last
By Adam Sharp on December 18, 2020
Cryptocurrencies moved up dramatically over the last week. From our portfolio bitcoin was up 25%, Decred was up 49%, XHV was up 45% and NANO was up 17%. This is what we’ve been waiting patiently for. Those of you who held…
Institutional Bitcoin Is Here to Stay
By Adam Sharp on December 18, 2020
It’s official. The institutional move into bitcoin is underway. Large multi-billion dollar firms are now coming into the market. And I think it’s just getting started. Insurance giant MassMutual announced last week that it had purchased $100 million worth of BTC.
Bitcoin Breaks Past $20,000 Mark
By Vin Narayanan on December 17, 2020
Bitcoin did it! On Wednesday, bitcoin cracked the $20,000 mark and set a new all time high at $22,065.07. When I wrote to you last week, bitcoin was trading around $18,000. And I was hoping bitcoin would hang out around $18,000 for a…
The Technical Founder Myth
By Vin Narayanan on December 16, 2020
There are a lot of investing myths floating around out there. Here are a few common ones: You need a lot of money to invest. Cheap stocks have more upside than expensive stocks. You can’t make money when the market is crashing.
Rolling Funds Transforming AngelList
By Adam Sharp on December 15, 2020
Rolling funds on AngelList are continuing to pick up steam. And I’ve been thinking about what the long-term impact of these funds could be for a while now. I believe that — like I said back in September…
New Pick: The Startup That’s Revolutionizing Visual Marketing
By Andy Gordon on December 14, 2020
DEAL DETAILS Startup: Cortex Security type: Preferred Stock Round size: Up to $1.07 million Valuation: $8.42 million Minimum investment: $250 Investment portal: Wefunder Deadline: February 15, 2021…
Crypto Pullback Provides Buying Opportunities
By Adam Sharp on December 11, 2020
Crypto prices have pulled back from recent highs over the last week. Bitcoin is trading around $18,000. Ethereum is around $548. Smaller altcoins on the whole have pulled back sharply. This is completely normal action during a bull market. A larger pullback wouldn’t surprise me either.
Beware Hot Tech Stocks
By Adam Sharp on December 11, 2020
As you might have heard, Airbnb had its long-awaited IPO (initial public offering) yesterday. Like a lot of hot public offerings this year, it was pure insanity. Airbnb’s IPO shares were initially priced at $68 — so that’s the price that a small group of well-connected…
Slow and Steady is the Key to a Strong Crypto Asset
By Vin Narayanan on December 10, 2020
Slow and steady isn’t necessarily a bad thing — especially in crypto. Over the last seven days, the price of bitcoin has dropped about $1,000. As I write this, bitcoin is trading around $18,200. And that’s OK. In fact, if bitcoin decides to pitch a tent…
Be Ready for Direct Listings
By Vin Narayanan on December 9, 2020
I’m starting to think IPOs — initial public offerings — are overrated. That’s a really weird thing for an early investor to say. Because for early investors, the IPO is the holy grail. It’s why you invest in startups. An IPO is one of the few moments in…
Look Beyond the Lockdowns for the Best Deals
By Adam Sharp on December 8, 2020
At the beginning of the pandemic, I thought startup investing volumes would drop dramatically throughout its duration. I was wrong. Venture capitalists and angel investors seem to be funding more companies than ever. And much of that funding is going to startups that are benefiting from…
New Pick: Invest in Food Robotics That Works
By Andy Gordon on December 7, 2020
DEAL DETAILS Startup: Blendid Security type: Crowd note Valuation (cap): $50 million Discount rate: 20% or 25% Minimum investment: $100 Where to invest: MicroVentures Deadline: June 7, 2021…