The Business Method: Interviewing Billionaires, Billion Dollar Founders & the World’s Most Successful People 🎧🔥 Ep.512 ~ Building a CryptoCurrency Hedge Fund ~ Kyle Samani
Jul 14, 2021
Kyle Samani, co-founder of Multicoin Capital, shares his insights into launching a cryptocurrency hedge fund and the intricacies of raising over $75 million for it. He dives into his shift from health tech to crypto investing, emphasizing the importance of understanding market dynamics over individual products. Kyle reveals his bold move of investing his entire net worth into crypto and discusses the value of community engagement in fundraising. Plus, he offers unique productivity tips that can transform your workflow.
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From Early Ethereum Fan To Fund Founder
- Kyle tracked Ethereum from its early launch and went deep learning cryptography, economics, and developer activity in 2016.
- By late 2016 he had nearly 100% of his liquid net worth in crypto and later decided to turn that conviction into a fund with his college friend Tushar.
Humble Fund Launch Turned Global Presence
- Kyle and Tushar launched Multicoin with roughly $1.5–$2.5M after cheap legal help and friends-and-family fundraising.
- They built reputation by attending global crypto events and writing a widely read blog to attract capital and deal flow.
Raise Through Relationships, Not Broad Ads
- Don't rely on public advertising to raise a fund; fundraising is primarily personal networks and targeted outreach.
- Focus on investors who can meaningfully commit (e.g., $50k+) rather than many tiny checks.
