Fundamentals Maven 11 – Value capture, modular blockchains, due diligence, good tech vs. good business | ep.72
In this episode of the Fundamentals podcast, we’re joined by Mathijs van Esch, who is an associate partner at Maven 11 – a crypto-native fund that partners with brave outliers challenging the status quo by redefining ownership. We discuss Maven 11, their investment strategy, and how they approach the market. The characteristics of crypto that make it an attractive asset class, and how Maven 11 analyses projects within the space. We speak about value capture and how it should be assessed, the most important KPIs in crypto, evaluating long-term sustainability, and distinguishing between projects that are great technologies versus those that are great investments. We break down Maven 11’s approach to investing in the blockchain market sector, and dive into the details of their thesis on modular blockchains. Finally, we walk through some case examples from Maven 11’s portfolio, speak about how Maven supports the projects they invest in, discuss managing risks, and the biggest challenges that funds face in the space today. Tune is for a great discussion about how Mathijs and Maven 11 approach the market. Maven 11: https://www.maven11.com/ Mathijs on X (Twitter): https://twitter.com/MathijsvEsch Maven 11 on X (Twitter): https://twitter.com/Maven11Capital Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 💬 Join our Discord: ► https://discord.com/invite/tokenterminal ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps:
00:00 Introduction
01:29 Overview of Maven 11
02:31 What problem does Maven 11 solve for LPs?
03:38 What characteristics make crypto interesting as an asset class?
04:39 Backing founders that are redefining ownership
05:35 Investment discovery process
08:08 What market sectors does Maven 11 focus on?
09:20 Due diligence and decision-making
11:27 What role does data play in the investment process?
12:56 The utility of airdrops
14:01 What KPIs stand out when analyzing projects?
15:26 Red flags from an investors point of view
17:49 Great technologies vs. great investments
20:34 Assessing value capture
22:39 Public goods from an investors point of view
23:41 Modular blockchains: what and why?
25:53 Maven 11’s modular blockchain thesis
27:51 Will all chains evolve towards more modular designs?
29:54 Developments that stand out in the modular blockchains space
32:46 Case from Maven11’s portfolio: Maple Finance
34:01 Case from Maven11’s portfolio: Astria
35:38 What kind of support from investors is in highest demand for early stage crypto projects?
38:31 Risk management
39:39 Challenges that funds face in crypto today
41:06 Current macro sentiment … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #Maven11 #Fundamentals #Blockchain #Crypto #tokenterminal