This Week in Startups Bytedance bans 996 + Multicoin Capital’s Kyle Samani: The 100x fund | E1317
Nov 2, 2021
Kyle Samani, a partner at Multicoin Capital and a key player in crypto investing, shares his insights on evaluating products and why tokens often trump equity. He highlights the evolution of Solana as a blockchain powerhouse, providing advantages over traditional platforms like Bitcoin and Ethereum. The conversation dives into exciting topics such as Decentralized Autonomous Organizations (DAOs) and the innovative Helium project, shedding light on how these developments could reshape the future of investment.
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Startup Work Ethic
- A fixed 50-60 hours a week gets you ahead in your career, especially at a startup.
- Focus on self-improvement during extra time, like reading or taking additional meetings.
Mentorship through Work Ethic
- Jason Calacanis never left before his boss's boss, leading to a mentorship and career advancement.
- He used the extra time to learn new skills, showcasing his dedication.
Multicoin Capital's Investment Strategy
- Multicoin Capital primarily invests in tokens, occasionally in equity, focusing on open finance, Web3, and non-sovereign money.
- They manage a hedge fund and venture fund with overlapping investments and theses.