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But we saved everything 🙂.
Daniel Sempere Pico describes a scenario where a company raises a $10 million seed round, deposits the funds into what is labeled as STRC with a 12% return, and soon after announces a $1.2 million run rate to investors. The company then secures a $100 million Series A round, repeats the process, and updates investors about a $13.2 million run rate two days later. The cycle continues, with the next step involving a $1 billion Series B round and a $50 million secondary.
Sempere Pico previously questioned Bitcoin's downside risk, stating the coin is unlikely to fall to $25,000 during the current bear market and suggesting a possible move to $44,000 in a recent post here. He has also commented on large private market valuations, noting the public debut of SpaceX at $1.77 trillion—well above Wall Street estimates of $780 billion—in a separate report. These observations add context to his ongoing commentary on startup funding cycles.