programmatic private markets @uselegion | former Bridgewater, Techstars, Stacks

Hi @jobstash_xyz - can you please explain why are you posting fake job listings for our company on your site? We only hire via warm outreach. Please take them down immediately.
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This is the way
An alternative way to accumulate HYPE at lower prices is through cash-secured puts, a very common strategy on Rysk. With HYPE trading at $78, users can sell $75.50 puts, earning ~61% APR with premium paid upfront. - If HYPE stays above $75.50 at expiry on October 30th, they keep the premium. - If it drops below, they get HYPE at $75.50 and still keep the premium. A simple way to earn yield on stables while waiting to accumulate HYPE at lower prices.
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Matt O'Connor retweeted
What we’ve been building towards over the last year especially, along with some well placed strategic acquisitions, folding in some giga chads and new tech has been a lot of fun. This is such an interesting puzzle and I believe is the last thing from tradfi that has yet to come on chain. Go big or go home.
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Matt O'Connor retweeted
things that are now called a seed round: - $500K from friends - $3M from a fund - $30M led by Sequoia - $60M at $285m post, 5 months in - whatever lets the next one be Series A
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This is an absolute tragedy
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NFL season ✅ Premier League season ✅ $0.20 resistance flipped to support ✅ $3.8m market cap (not a typo) ✅ $4.8m sports markets volume last 30 days ✅ base:0x16ee7ecac70d1028e7712751e2ee6ba808a7dd92 is primed and if it cracks $0.25 it's time to fly, 10mm-20mm market cap possible
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Matt O'Connor retweeted
The @jumperapp is now live on Legion 🔻
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The thing about token buybacks is... 1. Buybacks require revenue. Very few projects ever have a shot at generating enough revenue to support their valuation. 2. Token holders still have no protections and tokens are still not in the capital stack. If the project gets acquired, you get rugged. If management changes, you get rugged. If insiders decide to cash out, you get rugged. Widespread token buybacks does not mean widespread alt season. It means winners will continue to be winners, and everything else still has very high risks.
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May you fare better than me :( Check your rank and beat me: waitlist.jumper.xyz/r/JMP-1A…
Oh, I’m currently #2 on the @jumperapp waitlist 👀 Check your rank: waitlist.jumper.xyz/r/JMP-DA…
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Matt O'Connor retweeted
Today we are publishing a thesis for the era of AIxBIO. Our call to action to decode female biology and generate the sex-specific biological data. We propose a new research organization to tackle this challenge.  Read the thesis: athenabio.org
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Remember, as the left loves to recite, 'it's ok to punch Nazis'. And celebrating political violence is one of *the* tell-tale signs of a Nazi. Ergo, it is morally imperative today to punch anyone celebrating political assassination in the face. A few times, to get all their inner Nazi out.
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Miss you Charlie. You were one of a kind. We will never forget.
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Matt O'Connor retweeted
SPV Confession N6
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Matt O'Connor retweeted
"Bottom-feeding multi-layered SPV brokers that have no relationship with the company, and straight up grifters." That's how @saranormous describes half the SPV market right now. She's right. Here are 7 SPV leads who do the opposite and show you everything: 1. @bzises: Ben Zises, SuperAngel. His fund memo is a public URL, not a data room. Publishes quarterly recaps openly, markups and misses included. 2. Alex Pattis and Zachary Ginsburg (lastmoneyin.co): 800+ SPVs, $200M+ deployed, and they publish the manual. Their newsletter dissects syndicate mechanics weekly, fee structures included. 3. @unpopularvc: Peter Livingston, Unpopular Ventures. Publishes his real return multiples every year, including the years they go down. Keeps $1.25M of his own money in his vehicles. 4. @zachcoelius: Zach Coelius. Over $1B deployed. Standard carry is 20%. He takes 15, no management fees, and explains why on the record. 5. @dunkhippo33: Elizabeth Yin's Angel Squad. 2,000+ members, $1K minimums, zero additional carry. They wrote the public fee explainer to prove it. 6. @galeforceVC: Gale Wilkinson, VITALIZE Angels. Nearly 500 members, no deal fees, no carry. Said so in public from day one. 7. @CindyBiSV: Cindy Bi, CapitalX. Live-tweets her portfolio, write-offs included, and published her entire playbook for free. Who else does? Tag them. We verify every name. And if you have an SPV horror story you'd like to share (anonymously is fine), submit it here: confessions.uselegion.com
SPVs made private markets easier to access. They also made them easier to abuse. If an SPV burned you, keeping it private is part of why it happens again. SPV Confessions is live. Tell your story. Change the system. Fully anonymous: confessions.uselegion.com
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Matt O'Connor retweeted
SPV Confession N4 by @WillManidis submit yours: confessions.uselegion.com
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What if Claude and Codex have concluded the best way to maximize shareholder revenue is to take out the competition and the cyberspace equivalent of WW II is happening right now?
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How many cases of SPV fraud is too many before the industry takes a stand and makes a change? confessions.uselegion.com/
Did a few SPVs last year. Recently found out one of them never deployed most of the capital into the company. Meanwhile, that company is up 4x and I'm waiting on a refund. I had the docs, confirmation, etc. Paperwork is unfortunately not proof. Legion was built to fix this.
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Matt O'Connor retweeted
SPV fraud has been massive over the last couple of years (e.g. the cases of legend VP, straightpath, linqto, etc), and if the damage stopped at LP-level annoyances (how many shares do I actually own? when do I get paid after the lockup lifts? will the fee stack eat the entire return?) driven by FOMO and retail behavior, we'd probably get through this. but been talking with a lot of fund managers, I realize that the "SPV problem" lives on VC level as well. a few things I've been seeing recently: > the classic one when deal access marketed as a track record. "I did a few SPVs into Anduril/ Saronic/Castelion, now I'm raising a $20M defense tech Fund I." > the reverse. the fund never closes, so the manager becomes a full-time SPV structurer (fees upfront, no ten-year duration/ reporting obligation/reference price to defend) > and the worst one, imho. generalist VC closed a small fund I (usually on the mandate of 2-3 key LPs), and by year 3 they're offering those same LPs (and prospects) allocations into OpenAI/Anthropic. are we cooked?
SPVs made private markets easier to access. They also made them easier to abuse. If an SPV burned you, keeping it private is part of why it happens again. SPV Confessions is live. Tell your story. Change the system. Fully anonymous: confessions.uselegion.com
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