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Unicorns are setting up their own venture capital funds

bloomberg.com

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Re: Unicorns are setting up their own venture capital funds

#31

Post by atomical »

wpietri wrote: post #18
thoughtexplorer wrote: post #15

Earlier quoted context omitted.

Blockchain sure, but why do you think self-driving is a bubble?

Exactly my question. I have yet to see real use cases for blockchains beyond speculation and some light crime. And I think true self-driving cars (SAE Level 5 in specific) are 10-30 years out. But I think there's enough value to be had in lower, more achieveable levels that I expect some of the companies investing in those technologies now will be long-term financial winners.

This sentiment on blockchain is posted very often. Have the authors studied all startups in the top 100 on CoinMarketCap? How about top 500?

Yes, we've all met people who read about Bitcoin and Ethereum in the WSJ and felt incredibly smart when both declined from their highs.

But what about the ICO money raised in 2018? It's likely over 5 billion at this point.

Re: Unicorns are setting up their own venture capital funds

#32

Post by ImADemocRat »

golergka wrote: post #22
wpietri wrote: post #18

Earlier quoted context omitted.

Exactly my question. I have yet to see real use cases for blockchains beyond speculation and some light crime. And I think true self-driving cars (SAE Level 5 in specific) are 10-30 years out. But I think there's enough value to be had in lower, more achieveable levels that I expect some of the companies investing in those technologies now will be long-term financial winners.

Light crime, as in buying drugs, is one hell of a market. I don't have solid data, but it seems that 90-95% of all drug-related transactions go through bitcoin nowdays, at least on the consumer level.

You are so wrong that it is hilarious.

Billy Joe buying heroin most likely has never owned any cryptocurrency. What part of your ass did you even pull this from?

Re: Unicorns are setting up their own venture capital funds

#33

Post by detaro »

golergka wrote: post #22
wpietri wrote: post #18

Earlier quoted context omitted.

Exactly my question. I have yet to see real use cases for blockchains beyond speculation and some light crime. And I think true self-driving cars (SAE Level 5 in specific) are 10-30 years out. But I think there's enough value to be had in lower, more achieveable levels that I expect some of the companies investing in those technologies now will be long-term financial winners.

Light crime, as in buying drugs, is one hell of a market. I don't have solid data, but it seems that 90-95% of all drug-related transactions go through bitcoin nowdays, at least on the consumer level.

I'd assume a large part of drug consumers still buys from their dealer in person, and why would you use Bitcoin then?

Re: Unicorns are setting up their own venture capital funds

#34

Post by golergka »

detaro wrote: post #33
golergka wrote: post #22

Earlier quoted context omitted.

Light crime, as in buying drugs, is one hell of a market. I don't have solid data, but it seems that 90-95% of all drug-related transactions go through bitcoin nowdays, at least on the consumer level.

I'd assume a large part of drug consumers still buys from their dealer in person, and why would you use Bitcoin then?

Among drug consumers I know personally or follow in social media, there's not a single one who buys in person. Compared to picking up a ziplock in designated location, it's unsafe to a ridiculous degree.

Re: Unicorns are setting up their own venture capital funds

#35

Post by andy_ppp »

AndrewKemendo wrote: post #3

From an operations perspective, this is for Business Intelligence and creating a funnel for acquisitions. Venture is one of the best ways to spot trends in your own market(s), and lead run any future competition with an acquisition, new product or product changes. This is one of the major things that distinguishes major 21st century companies today from major companies in the past. If you know all of the up and comin…

In my opinion this is why Microsoft bought github - lots of private repositories of now successful companies to mine when they were startups. Imagine being able to match private repos on Github with successful companies and make early purchases...

Re: Unicorns are setting up their own venture capital funds

#37

Post by gammateam »

wpietri wrote: post #18
thoughtexplorer wrote: post #15

Earlier quoted context omitted.

Blockchain sure, but why do you think self-driving is a bubble?

Exactly my question. I have yet to see real use cases for blockchains beyond speculation and some light crime. And I think true self-driving cars (SAE Level 5 in specific) are 10-30 years out. But I think there's enough value to be had in lower, more achieveable levels that I expect some of the companies investing in those technologies now will be long-term financial winners.

Venture beyond the top 100 on coinmarketcap and you'll see some products that benefit from using a blockchain than not.

Re: Unicorns are setting up their own venture capital funds

#38

Post by mycall »

andy_ppp wrote: post #35
AndrewKemendo wrote: post #3

From an operations perspective, this is for Business Intelligence and creating a funnel for acquisitions. Venture is one of the best ways to spot trends in your own market(s), and lead run any future competition with an acquisition, new product or product changes. This is one of the major things that distinguishes major 21st century companies today from major companies in the past. If you know all of the up and comin…

In my opinion this is why Microsoft bought github - lots of private repositories of now successful companies to mine when they were startups. Imagine being able to match private repos on Github with successful companies and make early purchases...

This is brilliant idea.

Re: Unicorns are setting up their own venture capital funds

#39

Post by toomuchtodo »

arcanus wrote: post #11
etaioinshrdlu wrote: post #6

A lot of blockchain tech startups raise money and then turn around and invest in other startups. I think we're gonna look back at this in 5 years and collectively say, what were we thinking?

> we're gonna look back at this in 5 years and collectively say, what were we thinking? We did that after the housing bubble in 2008 (low down payments, flexible credit ratings, etc.) The big question is: could this also be a systemic risk to the economy? No one liked bailing out the banks, but it was necessary to save the economy. It is not clear tech or crypto are similarly critical.

Tech? Probably not. But there is a lot of novice (polite term) money in crypto now.

Re: Unicorns are setting up their own venture capital funds

#40

Post by austhrow743 »

gammateam wrote: post #37
wpietri wrote: post #18

Earlier quoted context omitted.

Exactly my question. I have yet to see real use cases for blockchains beyond speculation and some light crime. And I think true self-driving cars (SAE Level 5 in specific) are 10-30 years out. But I think there's enough value to be had in lower, more achieveable levels that I expect some of the companies investing in those technologies now will be long-term financial winners.

Venture beyond the top 100 on coinmarketcap and you'll see some products that benefit from using a blockchain than not.

I've tried that and didn't find anything.care to share some examples?
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