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The Scoop

Bitcoin's rally caused VCs to 'aggressively' return to crypto

Mar 28, 2024
Craig Burel, Partner at Reciprocal Ventures, discusses the return of VCs to the crypto industry post-Bitcoin rally. Topics include nuances of Crypto VC, maturation of crypto ventures, Solana's growth, navigating market cycles, consumer crypto apps, and improving tokenomics.
40:33

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin's rally led venture capitalists to re-enter crypto industry with renewed interest.
  • Emphasis on refining token economics to ensure demand-driven launches and avoid payment flow friction.

Deep dives

Crypto Journey and Background

The guest discusses a winding road into crypto, starting in tradfi at Morgan Stanley and later joining an early AI company. Falling down the crypto rabbit hole while working with regulatory and compliance AI, a light bulb moment occurred after trying out technologies like Ethereum. Transitioning from the sell side to the dark side with his partner in 2017, joining a fintech focused firm, the move towards focusing on protocols like Ethereum become the central venture strategy.

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