Union for life, was pitched this at @Consensys HQ in 2018 by @shayne_coplan and his team. Was actually a derivative of @LidoFinance and @Obol_Collective
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The little known story of @shayne_coplan and @Polymarket
In 2019, Shayne was building “Union,” a cosmos-chain staking platform that we backed at BlockTower.
Struggling to find PMF, he came to the BlockTower office in NY and pitched our team “Polymarket.” A full pivot from his current platform while almost entirely out of money. Ambitious to say the least, especially to build out an entirely new concept that hadn’t been scaled before: an onchain prediction market.
Nearly out of money, he asked for a small bridge round. $250k in total. Many founders would have quit or closed shop but Shayne wanted to win and do so with his original investors and his original company.
6 months later during covid, he came back with a fully built platform looking for another bridge round. $500k in total. There he told me that Polymarket was going to make him a billionaire and I fully believed him.
A few months later he closed a seed round from Polychain and the rest is history.
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