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A comment on Helium has revenues of $6.5k/month after $365M investment from A16Z. Parent comment

Re:Helium has revenues of $6.5k/month after $365M investment... by spaceman_2020 on Tuesday July 26, 2022 @06:48AM (#32236567)
The discounts are getting smaller and smaller as the valuations go up. A new chain, Aptos, is raising at 2B valuation. Optimism, an ETH Layer2 raised at 1B valuation. Until like last week, it had a circulating marketcap of 100m.

Lots of smaller projects are priced below VC prices. For example, CowSwap is at like 12c when private rounds were at 15c.

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Re:Helium has revenues of $6.5k/month after $365M investment... by retcon on Tuesday July 26, 2022 @08:54AM (#32237608)
I'm guessing that the VC premium pays for privileges like lock up and preferred terms.

VC buying - aka VC selling to greater fool LPs, with purported guarantees trails a wake of retail that fuels their vig.

I know nothing concrete about crypto n.b. but I think I can recognize the structured avarice. If my precis is all that's happening I'd convict this kind of VC instantly.

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Re:Helium has revenues of $6.5k/month after $365M investment... by arcticbull on Tuesday July 26, 2022 @11:00AM (#32239287)
> Lots of smaller projects are priced below VC prices.

How do you know what the VCs paid? These are private transactions. Sometimes they invest in equity in the business at the published round price, but get tokens for almost free on the side.

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