Capital Allocators – Inside the Institutional Investment Industry Avichal Garg – Programmer-Centric Crypto Investing at Electric (Manager Meetings, EP.34)
Aug 4, 2022
Avichal Garg, Co-Founder of Electric Capital and former executive at Google and Facebook, joins Maneesh Gandhi, Partner at Evanston Capital. They discuss the evolution of cryptocurrency and blockchain technologies, emphasizing investment strategies for spotting projects with competitive advantages. Garg shares insights into the resilience of blockchain during downturns, highlighting real-world applications like decentralized finance and NFTs. The conversation also touches on the transformative potential of crypto in addressing global challenges and fostering innovation.
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Early Entrepreneurial Spirit
- Avichal Garg's parents bought him a computer at a young age and he quickly learned to program.
- He even sold programs to classmates, demonstrating early entrepreneurial tendencies.
Contrarian Conviction
- Launching Electric Capital in 2018 was contrarian due to the small investable crypto universe and skepticism.
- However, the bear market allowed for strong investments and proved their commitment to the space.
Data-Driven Conviction
- Avichal Garg's conviction in crypto comes from looking at data like developer activity and stablecoin usage.
- He believes price is a lagging indicator; real value and utility drive market movements.