In today's episode of Empire Jason and Santi interview Blockchain Capital General Partners Aleks and Spencer. Blockchain Capital recently closed two new funds, early stage and opportunity, totaling $580 million. Since its inception in 2013, Blockchain Capital has invested in more than 110 companies, protocols and crypto assets across the ecosystem. Today's discussion dives into their fund thesis and overall managing strategy, the time horizon for mass adoption, deploying capital in U.S. based projects, and existing discounts in later stage start-ups.
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Follow Spencer: https://twitter.com/CremeDeLaCrypto
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Timestamps:
(00:00) $580M Fund Raise
(08:00) Fund Performance and Power Dynamics
(16:45) Time Horizon for Mass Adoption
(22:04) Allocating Capital in U.S.
(29:58) Exciting Innovation
(38:30) Bumper Ad
(39:34) Vouch ad
(40:42) Balancing Portfolio Competition
(44:50) Investment Stage Discount
(47:18) What's Misunderstood about WorldCoin
(51:01) Potential of AI & Crypto
(54:09) Lessons Learned from Previous Cycles
(58:56) Revisiting Old Ideas
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Resources:
Blockchain Capital
https://www.blockchaincapital.com/blog/doubling-up-while-doubling-down-announcing-our-latest-funds
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
