Why This Crypto Bull Run Is and Is Not Different

Marc Weinstein is a Partner at Mechanism Capital.

In this episode, we discuss why this time is and is not different, as it relates to the crypto bull run. Marc shares what keeps him up at night as an early stage venture investor but also as a retail trader. According to him, we are all retail traders! As one of the more relatable investors, he is able to break down a number of observations and hypotheses related to founders, memecoins, speculation, L2s, and inflated private market valuations this cycle.

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Timestamps

0:00 - Intro
5:30 - Marc's background
13:12 - Where are we this cycle?
19:10 - Top signals
25:52 - L1 rotators last cycle vs this time
28:25 - Attention dispersion with new L2s / L1s
29:27 - Speculation, memecoins, and nihilism
34:09 - Principles for bull run investors
38:42 - Structuring deals and sizing
41:26 - Vesting schedules
46:36 - Tokens vs equity and why FDV matters
52:11 - Venture rounds are overpriced
56:11 - Ways to get liquidity as a VC
1:00:20 - Balancing long term investing vs short term bubbles
1:12:27 - Closing
1:13:14 - Thoughts on Bitcoin L2s and Web3 gaming

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🔗 Guest Links 🔗

► Mechanism Website: https://www.mechanism.capital/
► Mechanism on Twitter: https://twitter.com/MechanismCap
► Marc on Twitter: https://twitter.com/WarcMeinstein

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All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.