Found this quote pretty interesting... 

“VCs went over there and shared information, shared limited partners, shared all of the aspects and the functions of how you build an incredible legacy defining venture firm.”

It's quite interesting how this will play out. everyone wants to build 'global and permissionless' but few are solving rue arbitrage opportunities worth the complexity.

perps are a good example, they emerge when trad rails lag..

meanwhile 100s of teams chase regualtory wrappers or compliance theatre

The biggest scandal is that top Silicon Valley VC firms went to China and “taught them how to do early stage investing.”

Venture capital is American Dynamism. “It is the thing that allows America to be dominant in the global economy.” And we just gave it away.

“VCs went over https://t.co/gPtQtjBfW6

a16z

Found this quote pretty interesting... 

“VCs went over there and shared information, shared limited partners, shared all of the aspects and the functions of how you build an incredible legacy defining venture firm.”

It's quite interesting how this will play out. everyone wants to build 'global and permissionless' but few are solving rue arbitrage opportunities worth the complexity.

perps are a good example, they emerge when trad rails lag..

meanwhile 100s of teams chase regualtory wrappers or compliance theatre 

https://x.com/a16z/status/1945181982226571771