oz on Nostr: a VC has 5K BTC and invests $100M USD in bitcoin startups 5 years later, those ...
a VC has 5K BTC and invests $100M USD in bitcoin startups
5 years later, those startups have all gone bankrupt but they built bitcoin-native FOSS widely used by tens of millions of people
BTC price is 10x but the invested $100M is a 100% loss
did the VC make a bad investment?
Published at
2023-03-15 16:03:33Event JSON
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"content": "a VC has 5K BTC and invests $100M USD in bitcoin startups\n\n5 years later, those startups have all gone bankrupt but they built bitcoin-native FOSS widely used by tens of millions of people\n\nBTC price is 10x but the invested $100M is a 100% loss\n\ndid the VC make a bad investment?",
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