Some personal news 🫡 After nearly 3 years at @dragonfly_xyz, I’m thrilled to announce that I’ve joined @robotventures as an investment partner. It’s been an incredible privilege learning from the best of the brightest, including @hosseeb, Bo, @tomhschmidt, and @HadickM, our founders, and LPs: in many ways, Dragonfly’s success is just getting started. While at Dragonfly, I had interacted with many funds, but what @rleshner, @tarunchitra, and @0xmadisonn have built over the last few years is nothing short of extraordinary. At its heart, Robot is, of course, trying to pursue a newer direction in venture – the founder and investor model; in recent years, this trend has successfully gone exponential with @traestephens (Founders Fund & Anduril), @sama (ex-YC & OpenAI), and @danielgross (SSI & NFDG) all showcasing that the model works at scale. However, unlike defense and AI, an investment practice that combines building and investing in crypto is even more crucial because the speed of markets – and thus the transmission of information – has accelerated; in other words, understanding the mistakes of past cycles (which only founders really, truly do) is required in crypto to stay competitive and catapult past competitors. Indeed, Robert co-founded @compoundfinance & now @superstatefunds while Tarun still runs @gauntlet_xyz. By building, incubating, and investing in the space, we can develop unique theses that allows our team to peek around the corner and discover the next wave of breakout companies. All of us once imagined what it would feel like when the biggest institutions globally would move into crypto, but now that it’s here, we’re still shocked by how fast this is all happening. In many ways, we're at the precipice of this journey. @Polymarket is already revolutionizing how many watch and absorb the news; stablecoin adoption inches toward ever-greater ATHs through companies like @ethena_labs, and companies like @dawninternet are innovating at the frontier as they seek to build starlink for cities and the first bandwidth marketplace. Ultimately, if you’re an iconic early-stage crypto founder, please DM me!

The Golden Age of Crypto in America

Figma just left $2.3 BILLION on the table -- nearly double what they actually raised. IPO'd at $33. Target open at $95. That's not "market excitement". It's deliberate underpricing and legalized theft by investment banks who sold it cheap to their institutional buddies. Retail shoves in at open and gets used as exit liquidity. Same playbook: - DoorDash: $3.4B stolen - Airbnb: $3.5B stolen - 2021 total: $50B stolen Since 2020, this cartel has stolen over $100 billion that should have gone to real value creators: founders, employees, and retail.

The token overview page in @baseapp is world class. This is a huge improvement over the legacy wallet.

I’ve had 3 commercial real estate guys, 4 content creators/athletes, and a celebrity trainer ask me about @base after hearing Brian Armstrong on The Shawn Ryan Show. It’s happening and much of CT is going to be late to it.

> You can't tell Zuck "'l'll split the LTV of users you bring me that retain", but onchain there's mutual transparency on both sides Cost Per Value is a new ad tech business model, only possible onchain via @spindl_xyz Director of ads at Base @antoniogm explains CPV on @tbpn:

I’m spending more time on @base  than any other crypto app, maybe ever. I don’t think I’ll ever go back to a non-Base onchain social media platform or wallet. I might not even use apps other than through Base anymore.

We're helping builders find their people with @spindl_xyz ads in @baseapp. Launch campaigns that convert into onchain actions fast:

1/ Spindl was built to bring modern growth marketing onchain and enable you to see real return on ad spend. Spindl-powered ads are now running natively in @baseapp, letting builders launch wallet-targeted campaigns that drive real value. You built it. Now find your people.

How would one measure the total impact of a news story? This Astronomer drama is far reaching and seems like the most viral story since the engineer who had multiple big tech jobs at the same time.