Ray
@Ray_L1D
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Co-founder, CEO/CIO @L1D_xyz. Opinions are my own, not investment advice.
Joined August 2012
Had an amazing experience on the podcast with @AndrewSteinwold! 🎙️. He is an incredible host who took me back in history, allowing me to reflect on the valuable lessons I've learned along the way. Grateful for the opportunity!.
Why did @Ray_L1D, a very successful TradFi investor, go all in on crypto in 2018 and build his firm @L1D_xyz?. 🔹 Invested in +30 directs & ~20 funds.🔹 How does he ID & invest in the best deals?.🔹 What’s his strategy for backing top crypto funds?. Listen below 🎙👇
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BMNR val traded $3.8b and up 130pct today, this is the vol that would get tokenised equities going.
xStocks should tokenize new DAT stocks: where the action is (volatility & volume show it). Crypto natives can trade without TradFi onboarding (think crypto liquid funds with no PB). Fun fact: BMNR’s announce had a Swiss bank take hours to onboard the ISIN, missing a top IRR.
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xStocks should tokenize new DAT stocks: where the action is (volatility & volume show it). Crypto natives can trade without TradFi onboarding (think crypto liquid funds with no PB). Fun fact: BMNR’s announce had a Swiss bank take hours to onboard the ISIN, missing a top IRR.
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Some of those DAT equities are draining the life out of everything else in crypto, BMNR surging close to 4x since yest's open, liquid trade with volume. How do we think this all ends?.
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$15b is roughly what liquid crypto funds currently have in total AUM. .
had to do it again: on average ~75% of supply has not even hit the market yet! from this list alone that's $15b at current fdv. not all of those are equal but the market will sort through the list
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Founder on token plan today: 'We don’t have a token live yet, and it’s not a priority.' That's bullish. Amidst the challenging environment, projects need unique traction to justify a token. Otherwise, keep grinding.
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During the crypto crisis in 22, I jumped on a call to convince a crypto PM not to join a well-know TradFi hedge fund. I wanted him to build his own firm with L1D as an investor. My pitch wasn’t great, and the odds were tough. Luckily, he didn’t join, and now we’re his biggest
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Expats rethinking safe havens after this. BTC is the obvious choice.
BREAKING:. UAE is planning to shut its airspace too. Someting is cooking!
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Crowded positions are always vulnerable, regardless of long-term fundamentals. Short-term price action is driven by flows and nothing else. Double down only after most have capitulated.
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Long physical security firms in crypto. That's a new theme with sadly, real fundamentals. .
If you’re planning a trip to France this summer, it’s a truly wonderful place. *. *. as long as you bring your 5 bodyguards, bulletproof vest, second-degree black belt, open carry permit, and finger insurance. Kidnappings happen daily, most just don’t make headlines if you.
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GPs organizing their BD activities: I haven’t seen TPMs succeed in crypto. Their incentives misalign, skipping crucial investor education for quicker, bigger tickets. They pivot fast to established strategies, raising nothing.
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RT @L1D_xyz: Thanks for having us and congratulations to @pattiruss_ @zCase_ & all of @SuperteamDE for pulling of such a strong pitch comp….
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This could draw the macro crowd back to BTC and crypto in a significant way. In an uber-dovish environment, what's your fastest horse?.
Billionaire investor Paul Tudor Jones said President Donald Trump is likely to appoint an “uber dovish” Federal Reserve chair to accommodate his growth agenda
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Many crypto companies have raised their revenue forecasts based on earnings as validators on a specific network, with plans to sell those tokens monthly. Since you're all pursuing the same strategy, you should consider significantly lowering those projections, right?.
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Liquid funds (look-through) aggregate exposure to BTC reached an ATH in Apr, representing a 48x from Sept 24 lows (10 funds). Last peak was in Mar 21. đź‘€.
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Crypto's financial indiscipline lingers. Scarce capital is forcing restructurings but founders must bear the pain, not just cut jobs.
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RT @bidclubio: BidClub Liquid Investor List.To assist post-TGE teams in engaging liquid investors, we have curated a targeted list of insti….
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TN and Louis on the Pendle thesis. A must watch.
1/🎙️Medici Presents: Level Up – Episode 06 is LIVE! 🚀. Join @David_Grid & @SeanMFarrell as they sit down with @tn_pendle, Co-Founder of @pendle_fi, and @0xLouisT, Investment Partner @L1D_xyz to unpack:. 🔹 PT/YT tokens: fixed-yield & yield-speculation.🔹 Pendle’s AMM vs.
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