Polymarket investor: participated in every funding round, will continue to add to position

According to TechFlow, on November 11, Nick Tomaino, founder of venture capital firm 1confirmation, said the fund participated in every Polymarket funding round and will continue to add to its position. He said that, as a seed-stage fund, investing in later stages is outside its mandate, and this time was an "exception". He cited several reasons: the need to "get involved" in politics and culture has existed for over a century, and in the AI era, young people's biggest problem is distinguishing truth from falsehood, so products that can turn this energy into better information are unique; Polymarket is not just about sports. Although sports are currently the hottest in the U.S., the more enduring value lies in the quality of information on political, geopolitical, and cultural issues. Tomaino also said Polymarket's current management is "excellent", its U.S. product is best-in-class, and revenue is hitting new highs; he does not always agree with its public messaging on tokens, but believes "thinking tokens are dead is stupid", and praised CEO Shayne Coplan as direct, transparent, and competitive.

Source: TechFlow