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).
The return of ‘meme stocks’ don’t mean it’s time to panic about the stock market. If you want something to worry about… look no further than inflation.
Andela is revolutionizing global work for a sustainable future. Their impact includes diverse skills, income growth, & successful hiring in untapped locations.
With Gamestop and other meme stocks back on the rise, it brings to mind some similarities between 2021 and 2024 economically… and that’s not necessarily good.
After 10 years as a men's wear brand, the popular athleisure brand recently launched its women's line, redefining standards and championing inclusivity.
According to the 2024 Acorns Money Matters Report, nearly a quarter of Americans are worried they could become homeless – and don’t know how easy it is to save.
