Swimming Naked

“Swimming Naked”– a cartoon that illustrates how the change in the technology market will reveal which crypto unicorns can deliver on their promise.

With Andreessen Horowitz closing its $4.5 billion crypto fund and 62 crypto-focused unicorns minted in the last couple of years, it would appear the crypto market could be immune from what is happening more broadly across the tech industry.

However, digging a little deeper and it appears that some of the unicorn companies are beginning to feel the pain and management teams are making difficult decisions.

For example, Coinbase reported a 35% year-over-year decline in revenue and then decided to roll back its hiring plans.

While their large war chests might insulate many of these crypto unicorns, the shift to a focus on profitability and the need to grow into the valuations means the next couple of years will severely test the execution skills of these management teams that have only seen the good times.

“Brilliant.”

Mark M. Whelan

Managing Partner at Future Center Ventures. An Invitation Only Futurist Collaboratory: Pioneering AI✨,Digital Assets and Emerging Tech for a Better Tomorrow | Author & Futurist.

“Can the same be said of many non-crypto companies in the Tech sector? I keep wondering when Tesla will take it’s hit. The barber fierce competition in a cost-pressured macro landscape with arguably outsized valuations will be dishing out a lot of haircuts. Hopefully they won’t all look bad.”

Andrew Wright

Healthcare | AI | Innovation

“All crypto currencies are is a technology based giant ponzi scheme with zero underlying intrinsic value similar to/based on the chian letters of the early 80’s.

The underlying block chain technology may be the future for secure payments and tracking transactions but holding a worthless coin does not entitle a holder to any value that might be created all it does is entitle you to a leger entry in the cloud.

Although you may be able to use one to buy an imaginary Emperors’s suit of new clothes.
The colapse of crypto value down to zero (its true value) is happening why can not grown up men and regulators and large Investment Banks smell the coffee.

Simply because of greed

As soon as the big boys got involved it opened the dorrs to short selling.
You can transfer real monety same day by faster payment or use a debit card…….who needs an unregulated volatile worthless coin

Wakey wakey time

Perhaps some of the Guru’s of crypto currencies who have made a career out of promoting this worthless instrument will listen and not mock my thoughts so much.”

Charlie Green

Headhunter (Available for Interim COO roles), Non Executive Director (Chairman of Audit Committee)

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