Lots of deserving frens who laboured through the bear market getting seed rounds for good projects with stacked cap tables. From someone who has previously lit precious capital on fire enthusiastically writing cheques for seed rounds, Here's how to play the primary market 🧵:

1) Know thy fellow investor On the cap table, $500k from a $250m fund is the same as someone with $250k NW clipping 0.2 ETH into a memecoin. Don't let it inform your investment decision or cause fomo.

6) Timing and exit The best time to be a seed investor was 6 months ago. The second best time is probably 2 years from now. All of the hot tokens launching rn and giving you FOMO to ape into seeds actually raised in the depths of the bear market. Now, seed vals will be higher and it will be very difficult to get a decent exit in things you ape now. Again, refer to the table attached earlier and ascertain where your prospective seed round stands.