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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Should Large Crypto Funds Give Money Back to LPs | What Will the Next Generation of Crypto Funds Look Like | What Should Happen with FTX; Who Should be Held to Account | The Future of NFTs & What Happens to Opensea w/ Nick Tomaino @ 1confirmation
Oct 30, 2023
Nick Tomaino, Founder and General Partner at 1confirmation, dives into the complex world of crypto investment. He discusses whether large crypto funds should be returning money to their LPs and the size of the next generation of funds. Tomaino sheds light on the misconceptions surrounding FTX and SBF, exploring who truly should be held accountable. He also reflects on the revolutionary potential of NFTs and their impact on the creator economy, backed by his successful investments in platforms like OpenSea.
55:49
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Quick takeaways
- Unique insights are crucial when raising funds in the billion-dollar range, focusing on delivering strong returns to LPs rather than just milking management fees.
- Nick Tomaino's journey in the crypto industry, from his early days at Coinbase to his venture capital experience, highlights the importance of crypto as a social technology of our lifetime.
Deep dives
Importance of Unique Insights in Fundraising
In the podcast episode, the speaker emphasizes the need for unique insights when raising funds in the billion-dollar range. Instead of solely relying on brand name and access to institutions, it is crucial for fund managers to deliver strong returns to LPs and not just focus on milking management fees. The speaker highlights the importance of time to reveal whether these funds will be successful or not.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode