Texted a Seed series founder about their situation last night, response being, “Had a busy couple days, but I was fast and wired out the money yesterday AM and the wires posted. Still a couple mil locked up, but they’re in money market funds, so should be good. I was part of the bank run… Continue reading SVB
Month: March 2023
Investment Memos
Investment memo's are written docs all VC, PE, or CVC shops produce to (i) tell a story with conviction and (ii) obtain permission to invest capital into the company. Some are 2 pages, some are 20. These memos differ by the (i) stage of the company (Seed is much different than Series B), (ii) fund… Continue reading Investment Memos
Miner/Maximum Extractable Value (MEV)
I want to quickly cover MEV, or Miner Extractable Value, given it's still a topic of increased relevance, and yet still opaque. MEV refers to the potential value that miners can extract from the transactions included in a block they mine. On the Ethereum blockchain, MEV is primarily generated from arbitrage opportunities, transaction reordering, and other forms… Continue reading Miner/Maximum Extractable Value (MEV)
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