Comment by puranjay
4 years ago
Even serious crypto people knew that UST was highly unstable lol
How did these guys raise funding? They literally just built a fiat onramp
4 years ago
Even serious crypto people knew that UST was highly unstable lol
How did these guys raise funding? They literally just built a fiat onramp
> How did these guys raise funding?
either the investors didn’t do enough research or they were on it
https://davidgerard.co.uk/blockchain/2022/04/11/web3-a-vc-fu...
This article is spot on to what I saw in the VC space (I won’t name where). Tons of little copycat crypto “companies” taking VC money for tokens which were collateralized with BTC. I know this article is going after a16z but it’s not just them, it was pretty much everyone.