
Crypto, tradfi, and fintech used to be three industries Now they’re becoming one
AriannaSimpson.eth
12.1K posts

@AriannaSimpson
Starting something new. ex General Partner @a16z. founder @ Autonomous Partners. into crypto before it was cool.

Crypto, tradfi, and fintech used to be three industries Now they’re becoming one



In 2015, @DStrachman and @William_Blake launched a $20M fund built on the controversial belief that VCs misprice (and misunderstand) founder talent by relying on credentials. It was a thesis they had tested with great success at @thielfellowship . A decade later, 1517 Fund I is comfortably in the top 5% of its vintage, with pre-seed investments in Loom (acq. for $975m), Lambda (current val. $5.9B), and Deepgram (val. $1.3B). Their secret was hunting where no other institutional investor bothered to look; hanging out in coffee shops, hacker spaces, and talking to teenagers without degrees. They have been true first believers, every time...and their returns suggest the rest of the industry has been leaving a lot of money on the table. Full breakdown below from @credistick covering the story of Michael - the philosopher - and Danielle - the principal - and their techno-patronage.









This pains me to say but there’s a mass founder exodus from NYC to SF right now. These founders, all AI focused, believe everything is going to be easier out there - fundraising, hiring, scaling👋🏼

If you're a founder, picking the nice investor won't get you far. You don't need someone to tell you you're smart. That's what your mom is for. You need someone who can dole out the hard truths about your business, so you see around corners before the market slams you in the face.









