The Pomp Podcast

#918 Ken Seiff On Why He Pivoted To Go All-In On Crypto Investments

Apr 15, 2022
Ken Seiff, General Partner at Blockchange Ventures, dives into the evolving crypto landscape as a top venture capitalist. He discusses the parallels between blockchain's growth and the internet boom, emphasizing strategic investment approaches. Ken highlights innovative business models that shape market dynamics and shares insights on Bitcoin and Ethereum's performance. He also reflects on the implications of Elon Musk's Twitter acquisition, suggesting shifts in media influence, and stresses the importance of founder-friendly conditions for successful ventures.
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INSIGHT

Blockchain's Similarity to the Internet

  • The internet enabled frictionless data exchange between entities, fostering new business models.
  • Similarly, the blockchain facilitates frictionless value exchange, driving innovation.
ADVICE

Key Investment Filters

  • Focus on building companies that fundamentally rely on blockchain technology.
  • Ensure your team is mission-driven, possesses strong recruiting abilities, and maintains long-term involvement.
INSIGHT

Internet Speed's Influence on E-commerce

  • The slow internet speed of the past shaped e-commerce towards text-based platforms like Amazon.
  • A faster internet may have led to visually-driven platforms like Instagram dominating e-commerce earlier.
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