Value Investing

3 takeaways from @theiaresearch recent chat:

1/ Crypto companies have a higher cost of capital, so an investor demands 5x revenue multiples, vs. 10x+ on US equities 

2/ We need S1s and quarterly report equivalents for crypto. Guidelines the best tokens should follow to signal their quality

3/ Incentives, points, narratives, these all will lead to false PMF and teams wasting time and resources. Find PMF first

3 takeaways from @theiaresearch recent chat:

1/ Crypto companies have a higher cost of capital, so an investor demands 5x revenue multiples, vs. 10x+ on US equities 

2/ We need S1s and quarterly report equivalents for crypto. Guidelines the best tokens should follow to signal their quality

3/ Incentives, points, narratives, these all will lead to false PMF and teams wasting time and resources. Find PMF first 

https://youtu.be/99XsVSN_doQ?si=WTevMDAAFLFcxbIM