Origins - Inside Venture Capital, Hosted by a GP and an LP Minisode: What Early Stage Venture Can Learn from Crypto Traders
Nov 18, 2025
Discover insights on Bitcoin's scarcity and the challenges of Web3 adoption. Learn how early-stage venture capital can benefit from the unique skill set of crypto traders. The hosts discuss the importance of recognizing crypto market cycles and how to evaluate crypto managers effectively. Nick emphasizes the true challenge of holding Bitcoin amidst volatility, contrasting it with traditional venture exit strategies. Tune in for a deep dive on how crypto experiences translate into success in traditional finance.
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Bitcoin's Conservative Design Is A Strength
- Nick Chirls argues Bitcoin's resistance to change and built-in scarcity are features that increase its long-term value.
- He would choose Bitcoin as the single asset to hold for the next 20–40 years due to brand and institutional infrastructure.
Web3's Privacy Pitch Lacked Mass Appeal
- Nick and Beezer note Web3's promise around data sovereignty and privacy didn't reach mainstream traction.
- They conclude most consumers don't value decentralization enough to drive broad Web3 adoption.
Underwrite Managers Based On Conviction
- Beezer says LPs should underwrite crypto managers by their point of view, track record, and reasons for position choices.
- She warns to distinguish momentum traders from managers with durable, articulated beliefs about markets.