A Venture Capitalist's Advice to Aspiring Blockchain Entrepreneurs
Blockchain is one of the hottest topics in the business world right now. But venture capitalist Carter Reum, author of “Shortcut Your Startup”, warns against turning to crypto in an attempt to make easy money.
“Anyone smart knows that the blockchain is here to stay, and can be very disruptive,” he said. “[But] I think too many people think, ‘I’m going to buy it for X and sell it for X, and I’ll be rich.’ Or ‘I’m going to buy a mining machine.’”
“My Lyft driver told me the other day that he bought a mining machine. That’s pretty scary.”
Reum, co-founder of investment firm M13, has invested in over 130 companies such as SpaceX, Pinterest, and Slack.
He says that entrepreneurs looking for affordable or new investments should consider looking into companies “coming out of the gate.”
“What’s exciting is that you’re about to have a lot of great tech IPOs, I think over the next 18 to 24 months,” he said. “So consumers will get exposure to companies like Pinterest, like Lyft, which they previously didn’t have exposure to.”
For full interview [click here](https://cheddar.com/videos/unconventional-advice-for-aspiring-entrepreneurs).
It might feel like the artificial intelligence train has left the station, but there are still opportunities to get in before the boom gets even bigger.
Nevada’s Supreme Court upheld the state’s ban on ghost guns Thursday, overturning a lower court’s ruling that had sided with a gun manufacturer’s argument the 2021 law regulating firearm parts with no serial numbers was unconstitutionally vague.
We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.
