Dre retweeted
An update on Verda Ventures and our next chapter.
After three years of building Verda Ventures into a venture fund focused on stablecoin infrastructure, Amit and I are excited to share that we will be working with the team at Tether who was one of Verda’s LP.
As part of this transition, coinciding with the target investment period, Verda Ventures will move into harvesting mode. We will stop investments in new companies to avoid potential conflicts of interest while continuing to manage and support our existing portfolio. We will participate selectively in follow-on rounds of existing portfolio companies. We will continue to support our portfolio companies as they scale, including companies that have also received direct investment from Tether, such as Mural Pay, Finity/Plenti, and Lemon Cash.
As the leading stablecoin issuer, joining Tether is a natural next step in our mission to accelerate the adoption of stablecoins and accelerate the financial infrastructure of the future.
We're incredibly proud of the portfolio we've built and are very bullish on the 28 companies we’ve invested in. We remain fully committed to the long-term success of our founders and returns for our LPs.
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Dre retweeted
Just used @selfxyz's Agent Vault to book a flight, stored my credit card and credentials in app.agentvault.io, it's my @1Password/@LastPass for my agent, but with agent-specific controls: spending caps, per-app access, test cards, and purchase approvals.
Excited to be a part of the @selfxyz story as an investor!
At Self Labs, we’ve been using agents since day one
Our agentic web identity & privacy stack is already used by companies like Google
Today we're launching the missing piece: Agent Vault, a secure way for agents to log in & make credit card payments
Superpowers for your agents
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Dre retweeted
🚨🇵🇹 BREAKING: Cristiano Ronaldo expected to return with Portugal national team already in November, says FPF president.
“The Federation, the coach, all the teammates are aligned: we want Cristiano back. I expect him back already during the November international break”, says Pedro Proença.
“Cristiano is also willing to return. He’s the best of all time”.
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Dre retweeted
Respect the hustle.
Ken Griffin reveals he was instrumental in Citadel buying most of Situational Awareness’s portfolio and worked 40 hours straight to solve its liquidity challenge
“Well, Situational Awareness has had tremendous success since its origin. They have been very much front and center on the AI success story, a success story written often by alumni of Carnegie Mellon. As I said earlier, CMU is number one in the nation in AI."
"Their portfolio levered exposure to AI stocks. There was a wobble in the market. There was a setback in the valuation of these businesses. Too much leverage, too much enthusiasm. They were forced to take a step back, to liquidate part of their holdings to ensure their financial stability."
"Citadel played a critical role in that. We bought most of their portfolio. I was instrumental in that trade. We worked about 40 hours straight to solve the liquidity challenge at Situational Awareness, but we brought that issue to a solid resolution for both their limited partners and for the investors in our funds at Citadel.”
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Dre retweeted
Rates need to go higher as long as the Fed inflation target is 2%.
If you want to "onshore" manufacturing, ICE remove low-cost labor, remilitarize, invade Iran shutting down key shipping routes, and invest like crazy in AI, how can you expect inflation to be low? 😂
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Dre retweeted
Demand is enormous and growing for cross-border B2B payments and EM institutions, based on @VerdaVentures PortCo financials. Of course, if you only do US domestic payments, demand much less; even there though stablecoin payments are instant versus slower ACH and Wire + not 24/7.
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Distribution is king. Thank you @YellowMedia_HQ.
“The moat isn’t whether you can build a product anymore. It’s whether you have the distribution to reach a lot of people.”
@AlexLWitt, General Partner at @VerdaVentures, shared his perspective with our CMO @DeFi_Pop on why distribution matters more than ever.
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