Nick Tomaino is the Founder and General Partner @ 1confirmation, one of the leading seed firms fueling the decentralization of the web and society. The fund started with $26M in backing from individuals including Peter Thiel and Mark Cuban and it has been reported that the firm now has over $1B in assets under management. Nick has led seed investments in OpenSea, dYdX, SuperRare, Polkadot and Cosmos among others. Prior to 1confirmation, Nick was a Principal @ Runa Capital and before that led business development and marketing at Coinbase in the early days of the company. In Today's Episode with Nick Tomaino We Discuss: From Cryptokitties to founding the Leading Seed Crypto Firm: • How did Nick first come into contact with crypto and bitcoin specifically? • How did getting fired from Coinbase catalyse his move into venture? • What does Nick know today that he wishes he had known when he started investing? 2. The Landscape Today: Funds and SBF • Are the current generation of crypto funds too large? Should they give money back to their LPs? • Will the next generation of crypto funds be smaller? Are any crypto funds able to raise right now? • Why does crypto Twitter hate crypto VCs? Who are the worst VCs for pump and dump? 3. SBF & FTX: What Actually Happened, Who is to Blame, What Happens from here? • What is the biggest misconception on SBF and FTX today? • Who should be held accountable? What else would Nick like to see? • How should FTX change the way that LPs invest into venture managers? 4. How to Build the Best Crypto Portfolio in Venture: • How large are the funds? How does Nick determine the right size for a fund? • How many investments does Nick make per fund? How do loss rates look in crypto? • What have been Nick's biggest investment hits and losses? How did that impact his mindset? 5. The Future for NFTs and Opensea: • Why does Nick remain bullish on the future of NFTs? • How is Nick able to remain optimistic about the future of Opensea given their volumes? • Where does Nick believe the fair price for Opensea should be today? • Did Nick sell their Opensea at the $13Bn round?

Release date

Lydbog: 30. oktober 2023