
E139: Plasma Founder: The Truth About Raising $1 Billion in Crypto
When Shift Happens Podcast
Paul's Background, Poker, and Building Alloy
Paul shares his poker mindset, career choices, founding Alloy, servicing institutional crypto needs, and the bureaucratic B2B challenges that led to an acquisition.
Paul Faecks, Founder of Plasma, just pulled off one of the most explosive launches in crypto history - raising $1 billion in just 90 seconds without a single private deal or pre-commitment.
In this raw and honest conversation, Paul takes us inside the most stressful moment of his entrepreneurial journey: the terrifying 90 seconds that changed everything.
PARTNERS
đ Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/
𦡠MoneyBadgers is the lifestyle brand by Paradex, built to celebrate the relentless hustle of being in the trenches. Its Genesis NFT collection drops in Q4. Spots are limitedâget yours now đ https://app.paradex.trade/wl/resilientrogueqv
đł KAST is a global financial platform that enables users to manage and spend stablecoins and cryptocurrencies using a Visa Card or Apple Pay. Available in over 100 countries: https://kastfinance.app.link/SHIFT
đ Trezor is the safest cold storage wallets for crypto security and financial independence.
Buy your Trezor Wallet (use PROMO Code from the video for a 10% discount): https://trezor.io/?transaction_id=1026f18ed46409e495c6db4bff90ab&offer_id=133&affiliate_id=35356
đą Bitwise Asset Management is the crypto specialist asset manager with more than $10 billion client assets and more than 30 crypto solutions across ETFs, index funds, alpha strategies, staking, and more.
https://bitwiseinvestments.com/
đ§Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.
https://sui.io/
đ Mantle Network enhances dApp development with Ethereum's security, low fees, and quick transactions through innovative layer-2 technology. Users can stake ETH for mETH, contributing to a transparent, community-driven ecosystem governed by $MNT token holders, fostering innovation and collaboration.
https://www.mantle.xyz
â Forza! is Coinsilium's Gibraltar-based Bitcoin treasury company. Coinsiliumâs shares are traded on the Aquis Stock Exchange (AQUIS:COIN) and on the OTCQB in the US (OTCQB:CINGF).
Find out more at https://www.coinsilium.com/
đł Ur is a crypto-first neobank by Mantle, built to seamlessly connect traditional finance with Web3. Designed for the next generation of digital asset users, Ur combines secure banking services with native crypto features â making it easier, faster, and safer to spend, save, and manage both fiat and digital assets. https://ur.app/
FOLLOW PAUL FAECKS
⢠Twitter: https://x.com/pauliepunt
⢠Twitter: https://x.com/PlasmaFdn
⢠Website: https://www.plasma.to/
FOLLOW KEVIN & WHEN SHIFT HAPPENSđ
Twitter (X): https://x.com/KevinWSHPod
Instagram: https://www.instagram.com/kevinwshpod/
Linkedin: https://www.linkedin.com/in/kevinfollonier/
DISCLAIMER
The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.
#Entrepreneurship #Crypto #news
0:00 Introduction
1:35 Please Subscribe
2:00 Billion Dollar Deposit Thoughts
5:40 Explain What You Do
7:21 Who Are You
7:41 Poker Uses Today
8:54 Why You Didnât Follow Friends
10:05 Our Valued Sponsors
11:01 How Your Business Started
15:55 Escaping The âNightmareâ
18:35 Why Focus On Stable Coin
19:13 Evolution Of Stable Coins
28:00 Our Trusted Partners
28:49 Solve Centralized Problem, How
35:50 Trillion Dollar Opportunity
36:42 Endgame For Plasma
37:04 Plasma vs Tron
38:39 Plan To Capture Marketshare
41:13 Plasma The Tether Chain
42:43 Why Tether Goes For Plasma
43:23 Plasmaâs Success Depends On
47:52 Pressure From Investments
49:17 1 Billion Investment Complaints
51:20 What Isnât An Actual User
52:07 Next Steps
52:40 Keep The Hype Up