Best Twitter threads of the day – January 10th

Barry Silbert responds to speculations on DCG

I’m incredibly proud of the role that DCG & I have played as pioneers & builders over the past decade. We’ve invested in >200 companies that have developed & shaped the industry, we’ve helped build the first publicly-quoted BTC fund, the largest asset manager in the space..(2/10)
— Barry Silbert (@BarrySilbert) January 10, 2023

…the most influential crypto media platform, #1 bitcoin mining pool, leading crypto prime broker, & a dominant crypto wallet/exchange in the emerging markets. DCG has also backed a group of emerging fund managers, crypto protocols, & cutting-edge blockchain projects. (3/10)
— Barry Silbert (@BarrySilbert) January 10, 2023

I have fond memories of the early days of our industry, working hard to help educate & fighting in the trenches with fellow entrepreneurs & investors to gain legitimacy. Speaking to small audiences, being snickered at & dismissed was, I found, empowering & motivating. (4/10)
— Barry Silbert (@BarrySilbert) January 10, 2023

This past year has been the most difficult of my life. Bad actors & blow-ups have wreaked havoc on our industry, w/ ripple effects extending far & wide. Although DCG, our subsidiaries, & many of our portfolio companies are not immune to the effects of the present turmoil…(5/10)
— Barry Silbert (@BarrySilbert) January 10, 2023

…it has been challenging to have my integrity and good intentions questioned after spending a decade pouring everything into this company and the space with an unrelenting focus on doing things the right way. (6/10)
— Barry Silbert (@BarrySilbert) January 10, 2023

DCG is committed to remaining at the forefront as we strive to build a better financial system. As this new year unfolds, we are hunkering down with our “lean and mean” mindset, and we are making meaningful changes to position the firm for long-term success. (7/10)
— Barry Silbert (@BarrySilbert) January 10, 2023

The industry has a lot of hard work to do to re-establish its credibility & reputation, which have been all but destroyed by a wave of unprecedented fraud & criminal behavior. This is going to be a challenging year for all of us, but I remain optimistic. (8/10)
— Barry Silbert (@BarrySilbert) January 10, 2023

To my peers in the trenches, now is a time to collaborate, cheer each other’s successes, and collectively take our industry to the next level. (9/10)
— Barry Silbert (@BarrySilbert) January 10, 2023

Let’s all grow together, treat others with respect, and get back to having fun and making a dent in the universe. I can assure you that DCG is certainly committed to doing so. Please refer here for my full statement and Q&A. (10/10)https://t.co/xEohthuJlb
— Barry Silbert (@BarrySilbert) January 10, 2023

Microsoft looking at a $10B investment into OpenAI

Microsoft looking at a $10B investment into OpenAI:

• At a $29B valuation
• MSFT gets 75% of OpenAI profits until it recoups $10B
• After recouping $10B, the ownership structure becomes MSFT (49%), other investors (49%) and OpenAI non-profit parent (2%) pic.twitter.com/rEmHeIXiK4
— Trung Phan (@TrungTPhan) January 10, 2023

Talks ongoing but here’s latest from Semafor: https://t.co/BQhj1IiLXg
— Trung Phan (@TrungTPhan) January 10, 2023

Satya out here!! https://t.co/XAN707sVZ1
— Trung Phan (@TrungTPhan) January 10, 2023

Ben with the MSFT<> OpenAI breakdown https://t.co/Ad5u1aUixK
— Trung Phan (@TrungTPhan) January 10, 2023

Good thread on “what is Deep Mind worth”? https://t.co/JMBM5BoQHa
— Trung Phan (@TrungTPhan) January 10, 2023

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.