在以太坊有市值之前，这只是大学辍学的头脑的一个主意

这不是巧合。这是我们以前见过的模式的重复：大胆的想法，早期行动和零重视制度时间表。

If you're reading this, chances are you're interested in the future of crypto. But if the future of crypto is being planned in boardrooms by executives in starched shirts, then count me out. I'm not interested in that kind of crypto.

如果您正在阅读本文，那么您可能对加密货币的未来感兴趣。但是，如果加密货币的未来是由高管们穿着淀粉衬衫在董事会中计划的，那就把我算出来了。我对这种加密货币不感兴趣。

I'm interested in the crypto that's being planned in dorm rooms and group chats by founders who don't wait for permission and many of whom don't finish college at all.

我对不再等待许可的创始人在宿舍和集体聊天中计划的加密货币感兴趣，而且许多人根本没有上大学。

This isn't an accident. It's a pattern we've seen before with bold ideas, early action and no regard for institutional timelines.

这不是偶然的。这是我们以前看到的模式，以大胆的想法，早期行动和不考虑机构时间表。

In 2014, a group of students launched the Blockchain Education Network (BEN) to connect students exploring bitcoin and blockchain across college campuses. Within a year, BEN had more than 160 chapters in over 35 countries.

2014年，一群学生启动了区块链教育网络（BEN），以将探索在大学校园中探索比特币和区块链的学生联系。在一年之内，Ben在35多个国家 /地区拥有160多章。

What started as grassroots education quickly became a launchpad for builders.

最初的基层教育迅速成为建筑商的发射台。

BEN became a catalyst for its core members and for a global cohort of students who saw crypto as a blank canvas. Some dropped out. Others stayed in. Nearly all started building before the rest of the world caught on.

本成为其核心成员和全球学生队列的催化剂，这些学生将加密货币视为空白的画布。有些人辍学了。其他人则留在进去。几乎所有人都开始在世界其他地方陷入困境之前就开始建造。

Projects fostered by that ecosystem have gone on to collectively peak at over $20 billion in valuations including IOTA, Optimism, Bitso, Augur, Wanchain, Notional and Roll.

该生态系统培养的项目继续以超过200亿美元的估值达到高峰，包括IOTA，乐观，Bitso，Augur，Wanchain，Wanchain，notional和Roll。

That same spirit of early action led me and Erick Pinos, former president of MIT's Bitcoin Club, to co-found Dropout Capital, backing technical founders who move before the world notices.

同样的早期行动精神使我和麻省理工学院比特币俱乐部的前总裁埃里克·皮诺斯（Erick Pinos）共同创立了辍学资本，支持了在世界通知之前移动的技术创始人。

Pinos will speak at Consensus 2025 on May 16 in a panel titled "The Talent Pipeline: How to Find a Job in Crypto."

Pinos将在5月16日在2025年共识中发表讲话，名为“ The Talent Pipeline：如何在加密货币中找到工作”。

As Pinos puts it:

正如Pinos所说：

"Over the past seven years we've met with countless student founders and at least half a dozen have become unicorns...we're excited to give others the opportunity to be a part of funding the next generation of blockchain innovation."

“在过去的七年中，我们与无数的学生创始人会面，至少有六个成为独角兽……我们很高兴能给其他人提供资金为下一代区块链创新提供资金的一部分。”

This urgency isn't new. It's the same drive that shaped early tech giants. Steve Jobs (Apple), Steve Wozniak (Apple), Jack Dorsey (Twitter, Square), and Patrick & John Collison (Stripe) all left college behind to build companies that redefined their industries.

这种紧迫性并不新鲜。这是塑造早期科技巨头的驱动力。史蒂夫·乔布斯（苹果），史蒂夫·沃兹尼亚克（苹果），杰克·多尔西（Jack Dorsey）（Twitter，Square）和Patrick＆John Collison（Stripe）（Stripe）都留下了大学，以建立重新定义其行业的公司。

Web3 founders are following the same path

Web3创始人正在遵循相同的路径

Some of crypto's biggest names started the same way:

加密的一些知名人士以同样的方式开始：

• Vitalik Buterin dropped out of the University of Waterloo to launch Ethereum (peaked at $500 billion+)

•Vitalik Buterin从滑铁卢大学辍学，推出以太坊（达到5000亿美元+）

• Charles Hoskinson left the University of Colorado before founding Cardano (peaked at $70 billion)

•查尔斯·霍斯金森（Charles Hoskinson）在成立Cardano之前离开了科罗拉多大学（达到700亿美元）

• Jed McCaleb, co-founder of Ripple and Stellar, dropped out of UC Berkeley (Ripple peaked at $130 billion)

•Ripple和Stellar的联合创始人Jed McCaleb退出了加州大学伯克利分校（Ripple（Ripple）达到1300亿美元）

• Jesse Powell left Cal State to build Kraken (valued at $10 billion)

•杰西·鲍威尔（Jesse Powell

• Shayne Coplan dropped out of NYU in his first semester to start Polymarket (estimated at $1 billion)

•谢恩·科普兰（Shayne Coplan）在他的第一个学期退出纽约大学（NYU

• Joey Krug left Pomona to co-found Augur (peaked at $1 billion)

•乔伊·克鲁格（Joey Krug）离开波莫纳（Pomona

• Jeremy Gardner, who co-founded Augur with Krug, dropped out of the University of Michigan (peaked at $1 billion)

•杰里米·加德纳（Jeremy Gardner）与克鲁格（Krug）共同创立了奥古尔（Augur），从密歇根大学辍学（达到10亿美元）

• Jinglan Wang left Wellesley to build Eximchain and later helped lead Optimism (peaked at $11 billion+)

•吉兰·王（Jinglan Wang）离开韦尔斯利（Wellesley）建立了外观链，后来帮助乐观（达到110亿美元+）

• Noah Tweedale, co-founder of Pump.fun, never enrolled (estimated at $1 billion+)

•泵。

At Dropout Capital, we've backed early-stage companies including:

在辍学资本，我们支持了早期公司，包括：

• Vana, founded at MIT, building a decentralized data marketplace

•VANA成立于麻省理工学院，建立一个分散的数据市场

• SatLayer, started by MIT alumni and former VCs, creating Bitcoin-native compute for AI

•Satlayer，由麻省理工学院校友和前VCS创立，为AI创建比特币本地计算

• Tenderize, launched by students at Marquette University, building a liquid staking marketplace

•Marquette University的学生推出，建立了液体堆积市场

• Algebra.Finance, founded by a Ph.D. in Computer Science with a background in mobile operating systems, rethinking on-chain prediction infrastructure

•代数，由博士创立。在具有移动操作系统背景的计算机科学领域，重新思考链上预测基础设施

One place where these stories, and the stories of the next generation are already being shared is ChainStories, a podcast I host alongside Erick.

这些故事以及下一代故事已经共享的一个地方是Chainstories，这是我与埃里克（Erick）一起主持的播客。

ChainStories takes listeners behind the scenes of some of the most successful projects in crypto, including Plume Network, YesNoError, Algebra.Finance, Virtuals.io, TON, Horizon Labs, and many others, breaking down how real companies are built from idea to launch, and helping founders and VCs understand the decisions, tradeoffs, and risks that happen long before anyone notices.

ChainStories将听众带入加密货币中一些最成功的项目的幕后，包括Plume Network，YesnoError，Algebra.Finance，Filetuals.io，Ton，Ton，Horizo​​n Labs等，从而破坏了真正的公司如何从Ideas启动到启动，并帮助创始人和VC了解任何事情，并在任何人中了解到这一决定，并在任何人中了解到这一问题。

The future of crypto isn't being theorized at conferences or slow-walked through corporate committees.

加密的未来并未在会议上或通过公司委员会缓慢地进行理论化。

It's being built by people who move early, take risks, and start building before the world even realizes what's happening. And, if history is any guide, the companies that matter most won't be the ones that waited.

它是由提早移动，冒险并开始在世界上意识到正在发生的事情之前开始建造的人们建造的。而且，如果历史是任何指南，那么最重要的公司就不会是等待的公司。