Precursor VenturesA classic pre-seed and seed stage venture capital firm

From Crypto to Sports Betting: How We Stopped Believing in Patience

26 Jul 2026 · 1 min

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In this monologue, Precursor Ventures reflects on a decade-long cultural shift toward gambling and speculative activities—starting with crypto, extending to sports betting and prediction markets—and argues that society’s values have moved away from patience and long‑term thinking. The speaker claims that the old belief that delayed gratification yields greater rewards is now dismissed as "for suckers," and that this anti‑patience mindset is damaging because many worthwhile endeavors require time. While criticizing the new short‑term focus, the speaker also acknowledges the understandable appeal of immediacy for those who grew up in a fast‑changing world.

Chapters

In the last 10 years, gambling and speculation, I'd argue starting with crypto, but you could go crypto to sports betting to prediction markets. It's just become a bigger part of social life. Yeah. And I think investing in patience is about getting more later by giving up something now. And I think part of this is just a change in social values and social interest and the feeling that long-termism is for suckers. That's the old playbook and it doesn't work anymore. And if you're still following it, you're a sucker. And I think that's like a very damaging social value cuz there are lots of things that take time to, but I also understand the impetus for the people who feel that way given the world that they grew up in.