Raoul Pal: The Journey Man

The New Crypto Landscape: Tokens, Equity & Venture Capital

Oct 3, 2024
Mike Dudas and Carl Vogel, co-founders of 6th Man Ventures, share their insights on navigating the crypto investment landscape. They discuss the shift in focus from NFTs to DeFi and the importance of strong engineering talent. The duo also dives into token economics, highlighting emerging opportunities in social tokens and decentralized betting markets. They contemplate AI's transformative role in entrepreneurship and the innovative uses of blockchain for ticketing and memorabilia, offering a fresh perspective on future investments in the crypto world.
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ANECDOTE

Bitcoin Discovery

  • Mike Dudas first heard about Bitcoin from Chamath Palihapitiya and Balaji Srinivasan.
  • He initially viewed Bitcoin as "schmuck insurance" and a payments network.
INSIGHT

Engineering Talent

  • Investing in crypto requires strong engineering talent.
  • Six Man Ventures recognized this need and hired Carl Vogel.
INSIGHT

Evolving Thesis

  • Six Man Ventures' initial thesis focused on Web3, DAOs, NFTs, and the ownership economy.
  • However, their best investments ended up being in areas like DeFi and exchange businesses.
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