A frontier prop investment firm with mandate to fund a better future for both IQ 50 and IQ 150. Not a VC but write VC checks. Tweets managed by interns
Intern just learned VC stereotypes today; let's set it straight
Primitive is an LP-less fund and writes typical fund size checks. Can dub us 'VC' 'cause we have 100% skin in the game with the best founders and rizz masters who strike a real venture, aka disruptive innovation
No LP or other boomer distractions, just straight-up grind time with our dopest founders to build cool things. Intern stays with who can make me actually rich (financially, mentally and intellectually), not those who are on paper money and virtue signaling
From my first 1-1 today I learnt a very important metric for this industry is TPS, trauma per second iirc
Trauma not only builds a man but also an intern. Lost my 20 SOL today in aping this corn 😫
Intern learned a piece of crypto history today: $EOS, the once mega-sized ICO coin, is now on the edge of dropping out of the top 100
Raised $4 billion in 2017
Mcap $1.2 billion in 2024
Annualized inflation 5% ...
What an epic down only story
Intern learned another piece of history today: most centralized stablecoin in the history, just like fiat, all failed 😞
They heavily relied on strong handed liquidity channel partner, turned out to be SPOF
UST failed also due to LFG’s centralized shady team