based16z × Thread Guy

Hyperliquid became based16z’s defining trade after he recognized its superior product and exceptional founder before an investable token existed.Rare asymmetric setups—not frequent activity—powered positive crypto years despite a 25%–30% win rate, while oversized positions and 40x leverage damaged realized returns.Whop marks his shift toward positive-sum equity and products, but permanent holding remains unresolved.

Beezie × Andrea Miele × Tuomas (Tuom) Holmberg

On-chain collectibles are accelerating: Collector Crypt reached roughly $400M in June and $300M in July versus $20M the prior July, while Beezie surpassed $200M.Discounted sourcing, sub-10% take rates and roughly 55 turns for lower-tier assets support liquidity, while Beezie’s Web2 partnership and unresolved token-ownership and regulatory questions frame the opportunity and risk.

TJR × Thread Guy

TJR says his edge is doing less: his most profitable months have the fewest trades, so he waits weeks for high-conviction setups and limits index trading to a two-hour New York-open window.After the failed 2025 alt season, he bought unlevered Bitcoin spot near $101K and favors larger assets, while a $426K FOMC win showed the value of fading crowded consensus after liquidity confirmation.

Matthew Barnett × Ege Erdil × Allison Williams

Trump Mobile packages wholesale network capacity into a $47.45 monthly service, but the T1 Phone 8002’s $499 “made in the USA” claim faces a supply-chain test against the $1,999 Liberty Phone benchmark.Mechanize is building scored virtual workplaces to train agents for software engineering and other professions, with 20% job automation within five years potentially valuable while transition policy remains unresolved.

泓君 × 天宇（二月茶）

全球动漫需求每年增长10%以上，但真正匹配顶级二次元审美的潜在供应商可能不足十家，新项目从启动到见成果很容易拉长至五年。视频生成的工业化瓶颈在最后5%的稳定可控修改，导演助手或许比中间帧更快落地，但算力成本、人才梯级与审美风险仍待验证。