'My tattoo will be a constant reminder that venture investing requires humility,' Novogratz said about the Terra LUNA and UST fallout.
for the first time since May 8, 2022. “After much thought, it’s time to talk about last week and, more importantly, the weeks ahead,” Novogratz said. In addition to the tweet, Novogratz left a link to a blog post that discusses the Terra fiasco in detail.
Novogratz then got into Galaxy’s principal investments in LUNA starting in Q4 2020, and how the team noticed that the project had “more than 1.8m users and was a top 5 finance app in South Korea that we considered had significant growth potential.” Galaxy was “intrigued” by the Terra ecosystem, and thought of it as “an example of crypto finding a real-world use case.
Novogratz Highlights the ‘Core Tenets of Investing’ — Galaxy Founder Says ‘It’s Important That Less Experienced Market Participants Only Risk What They Are Comfortable Losing’
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