The Untold Story of Delphi Digital's Rise | Jose, Yan, Anil

Aug 23, 2024

Guest

Anil

In this discussion, Jose, co-founder of Delphi Digital, reveals how their firm skyrocketed from a $1M investment to a staggering $1.2B in value. Yan shares insights on their unique decision-making framework, while Anil highlights emerging trends like AI and blockchain gaming. The founders dissect the challenges of rapid growth, the emotional aspects of trading, and their bullish outlook for cryptocurrency's future, driven by supportive regulations. Together, they outline innovative strategies shaping the evolving crypto landscape.

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ANECDOTE

Delphi's Early Days

Delphi Digital started as a research firm in 2018, initially struggling to find clients.
Their deep-dive reports, including one on Ethereum's economics, gained attention from Vitalik Buterin himself.

ANECDOTE

Ventures and a Vanishing Investor

Jose Macedo joined Delphi after they cited his Ethereum report, leading to collaborations and eventually the ventures arm.
An initial anchor investor for their fund repeatedly reduced commitments before backing out entirely.

INSIGHT

Path to Venture

Delphi initially focused on research to build credibility and a track record before launching their venture fund.
Their lack of traditional investing backgrounds led them to see research as the most viable path to venture capital.

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In this episode, Jason is joined by the founders of Delphi Digital to talk about their journey from a small research firm to an investing, research, and consulting juggernaut. They unpack their unique "umbrella thinking" approach to decision-making, the challenges of managing a rapidly growing organization and portfolio, and their insights into the current state of the crypto market They also explore emerging trends in crypto including AI, gaming and potential impact on political changes in the industry. Finally, they share their bullish views on the future of crypto and the infrastructure needed to support its growth. Thanks for tuning in!

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Timestamps

(00:00) Introduction

(01:21) Delphi Origin Story

(12:25) Birth of Fat Protocol Thesis

(16:08) Pivoting from Research to Investing

(20:40) Portfolio Growth

(25:08) Decision Making Process

(30:10) Operations & Team Structure

(35:55) Selling Tokens

(40:02) Anoma ad

(41:03) Re.al Ad

(42:03) Invisible North Ad

(43:00) Delphi 10 Year Vision

(48:26) Making Money this Cycle

(54:15) Where are We in the Cycle?

(01:01:35) Hottest Narratives this Cycle

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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.