We give people a hundred thousand dollars for six % of their companies. We work with them for 16 weeks, introduce hem to a thousand investors. If we see an actual team of coders and developers and designers, we will invest. For a consumer sas company, we're actually, if the product really good, we started to dip down to investing in companies a if there's two or three builders on the founder team. The biccoin toxicity movement is like, hay, have fun being poor.
Coinbase CEO Brain Armstrong took to Twitter to call out the SEC for what Coinbase considers unclear guidance & hostility around their Lend product, Jason breaks down the situation (1:43). Then, to better understand how DeFi lending works Jason interviews Matt Ballensweig the Head of Institutional Lending at Genesis, a crypto prime brokerage (9:51). We close with three "Ask Jason" questions (50:23).