Why Our Investment Thesis Hasn't Changed | Avichal Garg, Haseeb Qureshi

Today we are joined by Avichal Garg and Haseeb Qureshi to explain their investment frameworks and why their crypto thesis hasn't changed. We talk about the US crypto exodus, mental models for investing, why TAM (total addressable market) is useless, investing in private vs public markets, what crypto got wrong and more!

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Timestamps:

(00:00) The SEC, Binance and Coinbase: We Ripped the Bandaid Off

(09:38) How Does This Affect Your Investment Decisions?

(17:00) Mental Models for Investing

(20:44) Value Creation vs Value Capture

(23:33) Why TAM is Meaningless

(28:19) Crypto’s Most Important Applications

(31:06) How to Evaluate a Projects Potential

(35:15) Bullish Decentralized vs Centralized Projects?

(43:48) Thales ad

(44:44) Carbon Ad

(46:26) The Investment Environment, Layoffs and Shrinking Runways

(01:06:01) Startups vs Liquid Tokens

(01:11:38) What Crypto Got Wrong

(01:16:53) Value Accrual: Should Protocols Flip the Fee Switch?

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Follow Haseeb: https://twitter.com/hosseeb

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Resources

Electric Capital

https://www.electriccapital.com/

https://twitter.com/ElectricCapital

Dragonfly

https://www.dragonfly.xyz/

https://twitter.com/dragonfly_xyz

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.