Pantera ICO Fund REKT 💩

Here is the public disclosure by Michael Novogratz' Galaxy Digital VC. As you see, most of the liquid holdings are ICO funds and those are rekt. Also, Pantera ICO Fund is closing.

My prediction is that the equity bets on smaller players, like most of the recent SF VC deals, will be 100% annihilated into shitter. Expecting any revenue or actual usable products is not realistic.

The only way out for them is to dump on bigger funds in the next round who simply HAVE to deploy capital somewhere, so they will agree.

Another day, another pleb.