Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

🔐 Ten Years in Crypto: The Real Experience #shorts

29 Apr 2024 · 1 min

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In this short dialogue, three speakers discuss a team's stated experience in the crypto sector. Speaker A questions whether the claim of "10 professionals with a collective 10+ years" means each member has over ten years of experience or the total combined experience is ten years, suggesting an average of about one year per person. Speaker B clarifies that while the team collectively has over ten years of experience, many members come from traditional finance (TradFi) backgrounds, with only a portion having direct crypto experience, and notes his own role is in growth and business development. Speaker C points out the possible misinterpretation of the phrasing, emphasizing that the statement could be read as a total of ten years across the team. The conversation highlights concerns about the team's depth of crypto-specific expertise and the potential impact on credibility.

You have 10 professionals with a collective experience of 10+ admittedly years.
In crypto, yeah, in crypto.
Do they really only have 1 year on average experience or?
Basically 10+ year experience in crypto because not every single developer, for instance, worked in crypto. Most of them worked in TradFi. I am more on the growth side, business development side as well.
Well, maybe we're reading this wrong, but it says 10 professionals with a collective 10 years.
In crypto, yeah. It's just the crypto. They've only had a year on average each. It was 10+ years crypto experience, specifically crypto-related experience. That was kind of something that, you know, made me feel a little bit nervous, you know?