Welcome to The Chopping Block \u2013 where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news in crypto. This week the squad is joined by special guest Jason Choi, co-founder of Tangent. In this episode the crew tackles the overvaluation of crypto projects by VCs, Friend.Tech\u2019s 96% token crash, and the ethics of early token launches They also explore how airdrop farming skews user metrics, the volatility of memecoins, and whether VCs are extracting more value from crypto than they contribute. Tune in for insights into the ever-evolving crypto landscape!\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\nShow highlights\n\U0001f539 Friend.Tech Token Crash: Friend.Tech\u2019s token dropped 96%, highlighting the risks of launching tokens without sustainable product planning and user retention strategies.\n\U0001f539 Project Exits and Ethics: Early token launches raise concerns about ethical obligations when teams abandon projects, with accusations of rug-pulling increasing.\n\U0001f539 Airdrop Farming\u2019s Impact: Airdrop farming distorts true user engagement, leading to inflated metrics that misrepresent product-market fit and real user growth.\n\U0001f539 Venture Capital in Crypto: Low barriers for VCs have led to inflated project valuations, often resulting in overhyped, underdelivered crypto ventures.\n\U0001f539 Challenges of Early Token Launches: Early token releases often harm long-term project potential by confusing market signals and damaging user retention.\n\U0001f539 VC vs. Liquid Funds: Debate over whether venture capital is extracting value from crypto or whether liquid funds can improve market efficiency.\n\U0001f539 Hedge Funds and Market Efficiency: Hedge funds may improve market liquidity, but their impact on long-term crypto growth remains under scrutiny.\n\U0001f539 Speculative Markets and Long-Term Value: The crypto market continues to grapple with balancing short-term speculative plays and the creation of sustainable, long-term value.\n\xa0\nHosts\n\u2b50\ufe0fHaseeb Qureshi, Managing Partner at Dragonfly\xa0\n\u2b50\ufe0fTom Schmidt, General Partner at Dragonfly\xa0\n\u2b50\ufe0fTarun Chitra, Managing Partner at Robot Ventures\n\xa0\nGuest\n\u2b50\ufe0fJason Choi, Co-Founder of Tangent\nDisclosures\nLearn more about your ad choices. Visit megaphone.fm/adchoices