The world is changed
Given the nature of our assets, real-world/digital rubies, they are perfect for the current market. As we often write they are a noncorrelated asset, a perfect hedge, and as a proven store of value they protect against inflation. And it is inflation and financial repression (capital and yield controls) that we will endure for the next 15 yrs or so - the world of free money and free moving capital are over. And we are not alone our call that the world has changed, and this a secular change: "This Is A Crucible Moment" - Sequoia's Ominous Warning To Companies On How To "Avoid The Death Spiral" (https://www.zerohedge.com/geopolitical/crucible-moment-sequoias-ominous-warning-companies-how-avoid-death-spiral) "This is not a time to panic. It is a time to pause and reassess," begins the thought-provoking presentation from veteran venture capital firm Sequoia Capital. But that's about as 'positive' as they get as the founders of the firm warn of a prolonged market downturn and urges the startups in its portfolio to preserve cash and brace for worse to come.
"We believe this is a Crucible Moment, one that will present challenges and opportunities for many of you. First and foremost, we must recognize the changing environment and shift our mindset to respond with intention rather than regret."
And in its somewhat ubiquitous historically grim outlooks (its "R.I.P Good Times" in 2008 and "Black Swan" memo in March 2020 have become legendary) don't expect a quick rescue and recovery this time. "Sustained inflation, and geopolitical conflicts further limit the ability for a quick-fix policy solution. As such, we do not believe that this is going to be another steep correction followed by an equally swift V-shaped recovery, like we saw at the outset of the pandemic," the note said. They argue that it will be "Survival of the Quickest"...
In particular, Sequoia urged companies to look at cutting projects, R&D, marketing, and other expenses, noting that companies should be ready to cut in the next 30 days. "We expect the market downturn to impact consumer behaviour, labour markets, supply chains and more. It will be a longer recovery and while we can't predict how long, we can advise you on ways to prepare and get through to the other side," it said.
The founders/CEOs who face reality, adapt fast, have discipline rather than regret will not just survive, but win, noting that "It is easier to preserve cash when you have more than six months left. Recruiting is about to get easier. All the FANG have hiring freezes." They conclude their presenttation by noting that: "At Sequoia, we believe that the one who wins is the one most prepared." In other words America, brace for capex cuts, hiring freezes to accelerate, and growth to evaporate." FIX00 has the right model for the right time.
Finally and as ever we return to our mantra (in trying times it's all that matters): The FIX00 project has old dogs at the helm, and we have lived through investment regime changes before and thrived. Experience is hard-earned but invaluable. The FIX00 biz model IS consumer-facing. FIX00 token has a ruby valued at $290m gifted to it in perpetuity, who else in the crypto-verse made such a commitment or has that much skin in the game! FIX00 F-NFTs will offer ownership of such assets, at a very affordable price and heavily discounted - who else offers the fixed asset value, the ubiquity, and thus the potential utility in the crypto-verse? The answer is no one because this Emperor (HAS clothes The FIX00 project IS cash and asset rich, it can weather the storm. The FIX00 project is a FCF business model. The FIX00 products are digital/real-world stores of value - they are literal and figurative shelters from the storm. FIXOO products are portable and, as history has proved time and again, that has added merit in crisis. We're here for the long term, we herald true disruption to an extremely lucrative closed and antiquated business model, that is the upside. There is serious downside coverage given the products we are offering, they are not volatile but are REAL (and proven) stores of value. FIX00 is answering the call - protection, innovation, and deliverability