Clement | IVC

Also VC funding in consumer Dapps has been at a low level for a while as payment, DeFi, financial infra keep getting funded. Turns out the mass adoption we were talking about in the last cycle is not for consumers 🤔

More VCs are joining us for the FIRST Demo Day of 2026! 💯 Step up and pitch to investors or join the VC lineup now! 🚀 Judging VCs: • Bijan Breland (@yungbij) — Ecosystem Ventures at @monad • Clement Chen (@clementality_) — Investment Analyst at @ivcryptofund • Sarintip Thanyaset (@SarintipThanya2) — Senior Investment Associate at @JSquare_co • Jack Tang (@jackcktang) — Entrepreneur & Investor in Digital Assets, Robotics & AI at @FOMO_v • Max Rebol (@harbour_ind_cap) — CEO & Managing Partner, Harbour Industrial Capital • Mario Altenburger — CIO & Managing Partner, Harbour Industrial Capital Attending VCs: @NGC_Ventures, G-20, @gda_capital, @GravityX_Cap, @Gate, @CoinSwitch, No Brainer, Infrastructure Ventures, MCEG, @sidedoor_vc, @cicada_mm, @Cybertim_VC, @DFG__Official, @Victusglobal, and more! 👉 Sign up here: luma.com/tbvdemoday10

The year is just getting started, and we’re kicking it off BIG. 🚀 We’re excited to announce the 10th TBV Demo Day, co-hosted by The Best Event, TBV and TBA. 🔥 Sign up now 👉 luma.com/tbvdemoday10

🧠 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬 Bringing strategic thinking, market insight, and investment experience helping founders see further and think bigger. Thank you for the guidance and long-term vision 🙏

Latest news from VCs: It is impossible to raise money without traction. (even at the pre-seed stage)

gEDEN to my friends in Korea!

ETF explains the follow-through Correlations of BTC return vs ETF flow: 1D: 0.32 7D: 0.63 30D: 0.80 30D BTC return vs change in Coinbase M2 index: 0.21 This's also why Coinbase says the index to be a directional insight and not a precise forecast.

A simple framework to consider: M2 up + ETF inflows (broad + persistent) = rebound has follow-through potential M2 up + ETF outflows/weak breadth = macro tailwind, but no execution → price vulnerable M2 flat/down + inflows = flows fighting macro (harder to sustain)

What I was reading this week: Earlier this month Coinbase published their weekly research mentioning the macro tailwind and the Ethereum upgrade. Specifically how the use of their customized M2 Index is really interesting for me coinbase.com/zh-tw/institut… 🧵:

3/ VCs joining: @clementality_ | @ivcryptofund @sebbydavies | @aquanow @hella_tifficult | @gate_ventures Leroy Lin | @galaxyhq

4/ Session 2: Pitching Practice Each founder pitched live and received direct feedback from top operators: 🔹 @stefanabnc | @AccVentures 🔹@DogeDollars99 | @Anti__Capital 🔹 @sodofi_ | @Celo 🔹 @clementality_ | @ivcryptofund Real pitch. Real feedback. Real pressure.

It's time for our annual big ideas. Here are 17 things that various a16z crypto partners (plus a few guest contributors) are excited about for what’s ahead in 2026. On topics ranging from agents and AI; stablecoins, tokenization, and finance; privacy and security; to prediction markets, SNARKs, and other applications… to how we’ll build. Find the full post here: a16zcrypto.com/posts/article/…

Before we wrap this up (wink), here is a food for thought for you: If you just buy no for price <50% and buy yes for >50% 1d before resolution, this is what I found to be the performance: It is really interesting that it's the best in the 0.2-0.3 basket and worst in 0.8-0.9

This is how the pricing of Polymarket did compare to a perfectly calibrated model will be: You as a market (not sure if you feel the same personally) did a pretty good job predicting the outcome! (Congrats?)

@Polymarket price says 97% chance there's a 25% rate cut, and there was. With the year-end spirit and interests on the prediction market, I've looked into over 160k markets this year and here is a Polymarket Wrapped 2025 for you (kind of) 🧵: