Tune into this episode where I share the story of when I invested in Polymarket’s earliest rounds while at ParaFi - and why it’s so important to continually re-underwrite your thesis. Many passed on Polymarket’s early rounds because previous prediction markets like Augur hadn’t worked. I had invested in Augur's ICO and saw it crash after. But, in spite of that, I believed prediction markets had the potential to reinvent media - because markets are the ultimate arbiters of truth. What had changed? Stablecoins and a founder like @shayne_coplan A big part of my thesis came from watching how badly political “experts” misread Trump’s first election. Analysts like Nate Silver completely missed it. That’s where prediction markets come in. When money is on the line, you’re forced to stake what you truly believe. Attention naturally follows when both capital and reputation are on the line. I believe the design space for prediction markets will only continue to expand at the...