1confirmation’s first ever investment was in a decentralized collateralized stablecoin project called MakerDAO in 2017. We bought MKR for $300/coin. We also invested in algorithmic stablecoin Basis that year, which failed soon after. It wasn’t until ~8 years later when Stripe acquired Bridge that we got our first big stablecoin win.

The timeline is now so damn reactionary and it can be harder than ever to take a long term view. We’re pulled to be too online and overly concerned with short term perception. Believing in something more than money and sticking with it is truly the edge that turns losers into winners.