Spend time on the ground floor of a startup, and you'll quickly learn how difficult they are. Most weeks you'll wonder how you still have a fucking job.
HODL's avatar HODL
Some thoughts as a mutiny angel investor. Open source wallets are hard. They’re even harder to monetize. The samourai/wasabi shit made that monetization even harder. Having seen some of the financials, I feel confident stating the team isn’t/wasn’t “pocketing money”. They are a small scrappy startup team working with limited resources. I believe they are doing their best / did their best with the wallet. I don’t believe anything nefarious is going on. Startups are just fucking hard.
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I worked for a startup that went bankrupt in Feb. I left ~6 months earlier. They were doomed mismanaging venture capital money, 100M down the drain. Ip liquidation @ 1.4M 🤯
I only ever worked for Bitcoin startups, getting paid in Bitcoin, so it was nice seeing that first confirmation. 😄