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New Angles on Crypto - Kyle Samani and Tushar Jain
Description
My guests this week are Kyle Samani and Tushar Jain, both managing partners at Multicoin Capital. I’ve taken a bit of a break from crypto because I hadn’t sensed many new angles to explore in this forum, from an investor’s point of view. I felt that while things keep evolving, the major investment theses have been established and explored. Kyle and Tushar are interesting because of their often divergent views. For example, Kyle has been an outspoken supporter of Ethereum relative to bitcoin. This conversation, which is meant for those still curious about crypto, offers lots of new food for thought. We discuss smart contract platforms, network effects, the coming platform wars, and why blockchains may not matter in ten years. Please enjoy my conversation with the partners of Multicoin Capital.
Hash Power is presented by Fidelity Investments
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Links Referenced
An (Institutional) Investor’s Take on Cryptoassets
On the Network Effects of Store Value
If SaaS Products Sell Themselves, Why Do We Need Sales?
Money, blockchains, and social scalability
Show Notes
2:11 - (First Question) – What would get the entire cryptocurrencies ecosphere to 5-10 trillion dollars
2:53 – Paths to Tens of Trillions
4:37 – What will be the effective uses for crypto currencies, store value vs utility value
4:38 – An (Institutional) Investor’s Take on Cryptoassets
8:48 – Why they are negative on bitcoin and more positive on Ethereum
10:07 – Where will start to see widespread adaption of the utility value of cryptocurrencies
14:44 – What is the major breakthrough that cryptocurrencies create
21:21 – How do we gain confidence that a utility token will become a sound investment
25:16 – The different type of network effects
25:47 – On the Network Effects of Store Value
31:18 – How do you convince institutional investors to consider the crypto space
34:21 – Factors that they care about when first evaluating a crypto currency
39:21 – How does technological development and marketing factor into their decision when picking a crypto currency
40:31 – If SaaS Products Sell Themselves, Why Do We Need Sales?
41:42 – Where these two men disagree the most right now
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