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Lorenzo Valente
@LorenzoARK
Crypto at @ARKinvest I Director of Research I Disclosure:
Joined May 2024
290 Following    9.3K Followers
Stop getting bullied into buybacks, you can do other stuff with your revenue. Show the path to 10xing the company with that money
ARK's Lorenzo Valente contrasts AI's funding frenzy with crypto teams bullied into buying back tokens instead of investing in growth "You have the AI venture market where literally investors are calling the startups and they're preempting rounds like a week after they raise to give them more money." "In crypto, we have 1 or 2-year-old startups that are saying, hey, the best way we can invest capital is just gonna be to buy back and burn our token." "Honestly, from the investment perspective, it's such a turn-off because basically you're telling me, we think we're the best. We think there's nowhere to grow. The best use of capital is just to buy back the token." "Obviously, we know that's not the real answer for a lot of these companies. But they're basically getting bullied into buybacks."
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