Below is a letter we will be sending by certified mail to Charlie Munger later today:
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February 25, 2021
Dear Mr. Munger,
Thank you for the tremendous wealth ($575+ billion) that you and Warren Buffet have generated for countless people via Berkshire Hathaway. And thank you for your gifts to the University of Michigan and countless other educational institutions. You’re an icon of the investment world and of giving back.
That said, I’d like to address your recent comments regarding bitcoin:
During an interview at the Daily Journal’s annual shareholder’s meeting, Munger was asked whether he thought it was…
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The webinar was truly epic! Watch the replay below:
A SPAC (an acronym for special purpose acquisition company), is a “blank check” shell corporation designed to take companies public without going through the traditional initial public offering process. SPACs have been around since the early 90’s, when they were dominated by a small New York City-based securities firm GKN:
David Nussbaum, Chairman of GKN Securities, sought to capitalize on the convergence of the changing economic tide and the new regulatory environment created by Rule 419. The key to Nussbaum’s idea…
Below is our monthly newsletter shared with the LPs (who are all accredited investors) of our Blockchain Coinvestors Syndicate on AngelList.
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Dear Blockchain Coinvestors Syndicate Members,
January was a rip roaring month in the world of crypto:
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I saw that crypto light on June 29, 2017. I became of the belief that crypto was going to be the biggest thing to happen in the history of humanity. I saw that the history of humanity had been organizations (e.g. governments, corporations, religions…) run by a man at the top, largely solving for himself. But now, for the first time in history technology was creating a toolset to enable us to solve for the community, to have rules without rulers. …
Replay of Webinar held Tuesday, Feb. 2, from 1–2pm EST
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As a big fan of both Fairmint and Gilded, I’m super excited for this webinar featuring the founders of both companies.
If nothing else, last week’s Robinhood/GME debacle highlighted how broken our current shareholder system is. That problem is what Fairmint is focused on solving by transitioning the world toward stakeholder capitalism and giving founders the opportunity to turn their equity into their most powerful community engagement tool.
At the core of Fairmint’s toolset enabling stakeholder capitalism is the Continuous…
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Between 2000 and 2006 I was CEO of two operating companies, .tv, and Bolt. Since then, I’ve spent most of my time investing in start-ups, first as an angel, then, starting in 2012, as a VC. My first fund was focused on consumer internet. I pivoted to investing in tech companies founded by Israelis in 2015 (here’s why). On June 29, 2017 I saw the crypto light and have been in crypto 24/7 ever since. …
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I saw the crypto light on June 29, 2017. One way I help educate people is to suggest they follow the 50 top crypto bloggers on Medium, and every day you’ll get an email with various crypto-related posts. You’ll find a few bloggers who really speak to you.
But in the 3 1/2 years I’ve been in crypto, no one speaks to me like MicroStrategy CEO Michael Saylor. Per Michael.com:
Michael Saylor is the Chairman & CEO of MicroStrategy (MSTR), a publicly traded business intelligence firm that he founded in 1989…
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Listen to the replay of the webinar:
We’re living in a time of unprecedented wealth creation, and it’s largely happening in tech. But with tech companies staying private longer, most investors can’t invest until valuations are already in the tens of billions.
Public investors got their first chance with Palantir at a valuation of $22 billion. The first trade in Snowflake was at $68 billion. The returns to early investors were truly remarkable.
While secondary trading platforms like Sharespost provide opportunities to invest in secondary shares of private companies, the dominant platform…
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We had a great “Stablecoins Are Killing It” episode #26, featuring Sudhu Arumugam, co-founder and chief risk officer of Hong Kong based CoinFLEX, which recently introduced flexUSD, a multi-yield-bearing stablecoin, and the first stablecoin that pays interest at the base level.
Our other guest was Ben Simon, an investment analyst at Mechanism Capital, where he wrote a widely read treatise on stablecoins titled “Stability, Elasticity, and Reflexivity: A Deep Dive into Algorithmic Stablecoins.”
CoinFLEX is a super interesting project. But this post is to encourage anyone interested in learning about algorithmic stablecoins (e.g. …
Lou Kerner
Believe Crypto is the biggest thing to happen in the history of mankind. Focused on stablecoins (founded JustStable.com) & communities (founded. CryptoMondays)
