This episode is truly a treat as we have on two crypto giga-brains to talk about the value, functions, and future (or lack thereof) of VCs in crypto. The episode begins by us getting into both guest's backgrounds. Dan mentions that in the early days in crypto weren't a constant bombardment and at times he worried that crypto might be a flash in the pan. To set the background to the episode we discuss what the function of a VC is, and Jason drops some interesting history and goals of past and current VCs. We dive into the idea that if capital is abundant in crypto, why should projects raise from VCs and not retail in one way or another? Jason talks about how in the early days Spartan had trouble raising capital for now billion dollar, blue-chip protocols. Jason and Dan discuss how the current narrative of VCs always playing on easy mode isn't going to last as looking at the past many VCs died in 2017-2018 and many will die if we hit another bear. Next we get into the SEC vs. crypto theories of keeping all markets open vs. some level of gatekeeping, and which is actually better for retail. Of course we discuss the current markets and what in god's name is happening there. I bring up the Pantera report of which me and Dan are a bit skeptical of some of their deductions. Finally, we get to the shill yo bag section where Jason drops his must-buy crypto and Dan's audio recording unfortunately drops out at the very end. Overall all this episode will give you a completely different perspective on the future of VCs in crypto, surviving in the markets, the history of crypto, and how to make it in this crazy game.
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Big thank you to Dan, Jason Choi and 0xBEW for taking the time out of their day to talk crypto with us. You can find them on Twitter @cmsholdings, @mrjasonchoi and @0xBEW. Feel free to tweet or message me @TheRogueItachi. You can find the pod on Twitter @GoodWillYunting
As always, Yunt Hard, Yunt Fast, Yunt Capital.
Disclaimer: Nothing said on this podcast is advice or a solicitation to buy or sell any assets or tokens. We may, and often because we’re passionate about the projects we bring on, hold investments in the project and even work in their communities. None of this is financial advice, please do your own research; this is a risky field.