Cryptocurrency future
Eugene already has enough capital and ability to boost the cryptocurrency market and monopolize the exchange market.
In general, investing in startups has a much greater purpose than simply raising insufficient funds.
It is the advice of seniors who have already achieved success in other industries and the provision of various networks.
Promising startups are bound to come from various sources of funding that look to the future and invest large sums of money.
But Eugene doesn’t need any additional resources of any kind.
“Our full support. And we will ensure abundant human resources.”
“Of course, you don’t think that’s enough, do you?”
“good. Say what you want. If possible, we will mobilize all of our resources.”
Peter Thiel and the PayPal mafia seem to value cooperation with Eugene very much.
“I’ve always been coveted by the Founders Fund.”
Eugene smiled and said.
“You are asking for the core from the beginning.”
Peter Thiel replied with a slightly embarrassed smile.
In fact, the Founders Fund is the most central company of the PayPal Mafia.
The PayPal mafia, led by Peter Thiel, came together to propose new ideas, and the Founders Fund provided funds and networks to start a business, leading to success.
In addition to investing in start-ups established by the PayPal mafia, he has also made investments in start-ups that have already achieved remarkable success such as Airbnb, Facebook, Stripe, Spotify and Wish, as well as investing in a number of promising companies such as Space X. has been doing
The Founders Fund was the most successful venture capital firm established in the 21st century together with Y Combinator.
“And I hope you open the door to the companies you run.”
“How much are you talking about?”
“I would like to at least occupy the position of a second shareholder for each company. Of course, we promise you the best possible investment.”
Eugene demanded more than a share that could be obtained through the stock market or investment.
“We want cooperation, not white flag surrender.”
Peter Thiel did not hide his embarrassment.
Eugene’s words meant that he would absorb all the foundations of the PayPal mafia under him.
“If you think about the future, you will understand that my proposal is not bad at all.”
For Eugene, it doesn’t matter if they listen or not.
“Of course, I think the future of cryptocurrencies is very bright, but it won’t be enough to replace all our bases.”
Peter Thiillo, who came to offer an investment, was, of course, displeased when he received an offer to take over the Allied Empire they had built.
“I think you are well aware that I am not trying to take away your base. I am dreaming of a future where we can coexist together. So far, I have invested in a wide variety of companies. And I’ve never completely taken over the company or kicked out the founder.”
“Uh… … .”
“What I want is a full partnership with you. We will do our best to support you no matter what you do in the future. The same is true for cryptocurrencies. This is only the beginning, but I think the added value created through cryptocurrency trading will be enormous.”
As the story continued, Peter Thiel’s head became more and more complicated, and Eugene continued speaking while examining Peter Thiel’s expression.
“It is important to preoccupy a cryptocurrency exchange, but it is equally important to pioneer such various additional business fields together. If you are with me, the market will be open only to you.”
To be honest, when Peter Thiel’s offer came, Eugene was quite willing.
Their investment is not required, but the network the PayPal mafia have built and their creative and forward-looking foresight cannot be praised.
Eugene thought that perhaps these are the people who are looking to the future most clearly at this point, and he thought that if he had them, he could create a much more efficient composition.
Peter Thiel didn’t answer right away.
His interest in the future of cryptocurrency was genuine.
Now, not only Peter Thiel, but also a number of Silicon Valley giants are paying attention to the success or failure of cryptocurrencies.
Seven years have already passed since the concept of cryptocurrency became known to the world.
Bitcoin, which initially cost only 0.1 cents, is now trading for hundreds of dollars.
It is rather strange that the influential people in Silicon Valley, who are always ahead of the world even though the general public does not know it, do not care at all.
However, the size of the cryptocurrency market was still only a small market for such giants to jump into.
If you add up the market size of cryptocurrencies, it is only tens of billions of dollars, so even an individual’s wealth is enough to hold and shake the entire market.
So it’s not yet happening for people with billions of dollars to jump into that tiny market.
If it wasn’t for Eugene, Peter Thiel would have been active only after the upcoming coin crisis.
However, the moment I found out that Eugene had a majority in the cryptocurrency trading market, I thought it would be too late if I didn’t move even now.
He realized that the only thing that a giant capitalist with more than $1 trillion in funds could belatedly jump into the market and occupy a niche market is the only way.
For the PayPal mafia, this is no welcome news.
They were accustomed to creating and preoccupying markets, but they were not great men who were good at chasing after others.
So, in order to jump into the cryptocurrency market and show obvious results, it was inevitable to join hands with Eugene, who already dominates the market and will continue to do so in the future.
“Until now, I know that Eugene has rarely interfered with management while investing in ventures.”
Peter Thiel opened his mouth.
“Sure. It is the founders and executives who know the company best. All that can be gained by intervening from the outside is internal strife and short-term performance.”
“Certainly that is what sets us apart from other Wall Street financiers.”
From the outside, Eugene’s assets are undoubtedly Wall Street-based investment capital.
And Wall Street’s investment capital is far more concerned with short-term performance than long-term growth of a company.
That’s why Wall Street places more importance on investing in companies that have already achieved sufficient growth than investing in early-stage companies.
Not because Wall Street is particularly short-sighted, but because individuals who are investing in Wall Street finance are hoping for short-term results.
Obviously, it has a foundation that is inevitably different from Silicon Valley’s startup investment funds.
In that respect, Eugene is clearly different from other Wall Street investors.
Although he already owns a number of shares in companies such as Google, Amazon, and Facebook, he has never had a meeting with the management, let alone interfere.
From the outside, it has to look special.
“Are you going to keep that relationship with us?”
“of course.”
At least for now it was. Eugene can benefit from the knowledge of the future that she knows, but she has no intention of twisting the future by getting involved.
But if you do business with the PayPal mafia, that might change a bit.
This is because it is clearly out of the future that Eugene knew from the beginning.
That doesn’t mean you don’t have to say you’re going to get involved this time. There is no need to destroy the image you have built up so far.
“We have a lot of different ideas about the cryptocurrency market.”
“For example, a new type of cryptocurrency that can prevent leakage of personal information, a cryptocurrency-based investment program, or a loan?”
In general, Eugene does not easily reveal the future he knows. However, if you want to subdue your opponent’s momentum, you can take them out as much as you want.
“haha. Of course, that includes that.”
Peter Thiel looked embarrassed again.
“A completely new kind of market is opening up. Depending on your thinking, you can see that there are many fields to dive into. It’s like lending funds based on bitcoins rather than rupees to new start-ups in India, or supporting a cryptocurrency-based economic system in a country where the monetary economy has collapsed in place of that country’s currency. Not being tied to one country’s currency means that there are so many opportunities open.”
Of course, the most important thing is that cryptocurrencies must be large enough to replace existing currencies and stable enough to be used as money, but this is not a situation to discuss.
“It looks like a lot of pictures have already been drawn.”
“There are a lot of smart people on our side.”
Eugene’s background is the knowledge that countless wise men have achieved in the future.
It is incomparable to the incomparable power of inferring and foreseeing situations that have not yet occurred with the intellect.
“To work with Eugene, we have to study hard.”
It is an expression that we are considering Eugene’s proposal positively.
“I think they will definitely be of great help to each other.”
“I’m going to have a serious discussion with my colleagues.”
“Then we look forward to the good news.”
Eugene could be sure that they would eventually join hands with him.
The members of the PayPal Mafia are the ones who have a better eye for making money than anyone else, and they aren’t too negative about handing over the business they started to someone else.
Even PayPal, the basis of which they are today, received Elon Musk’s offer and immediately agreed to the merger, and after a while accepted the takeover offer from eBay.
Since then, they have not hesitated to hand over their startups to giants such as Google and Microsoft.
Like other founders, he did not try to hold on to the company he created until the end, and if he could get a sufficient price, he chose to sell it and take a profit.
In fact, because of that aspect, I actually missed a bigger profit. PayPal, which was first founded, would now be worth as much as all the companies that the PayPal mafia started later together.
Peter Thiel sold his 10% stake in Facebook for about $1 billion over several years. If he had kept holding it, he would have been able to receive at least ten times the value.
There is no such thing as a perfect person in the world, so it was inevitable.