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The Placeholder Playbook w/ Chris Burniske and Joel Monegro
Oct 1, 2024
Chris Burniske and Joel Monegro, co-founders of a cryptocurrency venture capital firm, discuss their unique investment approach, blending venture capital with public market strategies. They share their journey in building Placeholder and the evolution of their conviction in Solana, highlighting its potential alongside Ethereum. The duo dives into the importance of managing valuations and adapting to market cycles while offering entrepreneurs insightful strategies for fundraising in this volatile landscape. They emphasize the role of personal networking in the crypto space.
01:09:10
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Quick takeaways
- Placeholder combines venture capital and public market strategies to create a unique investment approach tailored for long-term holds.
- Understanding market cycles is crucial in crypto investing, enabling adaptability when buying and selling assets during fluctuations.
Deep dives
Collaboration and Structure of Placeholder
Chris and Joel detail how they formed Placeholder, highlighting their unique backgrounds in venture capital and public markets. Their collaboration started at an NYU blockchain conference in 2016, where they realized they shared a mutual curiosity about blockchain technology. They decided to structure their firm as a hybrid between venture capital and public market investments, balancing the long-term investment approach of venture capital with the opportunities in public markets. This innovative structure allows them to utilize their distinct expertise while collaborating on both private and public investment strategies.
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