Equity
Chain Reaction: Crypto VC space may be on the cusp of recovery (w/ David Pakman)
Dec 9, 2023
David Pakman, managing partner at CoinFund and former leader of Series A and B rounds at Dollar Shave Club, shares insights into the evolving crypto VC landscape. He discusses the challenges posed by high interest rates and regulatory uncertainties, while expressing optimism about innovative use cases driving market recovery. The conversation also touches on the intersection of AI and crypto, the transformative potential of NFTs, and the pressing need for supportive regulatory frameworks to foster innovation.
33:00
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Quick takeaways
- Potential for more capital to flow into the crypto VC space as interest rates decrease and regulatory uncertainty is resolved.
- NFTs provide opportunities to restore ownership to digital intellectual property and reshape the landscape of digital ownership.
Deep dives
The State of Crypto VC and the Bear Market
Despite the decline in investments in the crypto VC space, there is hope for a turnaround in 2024. The bear market and low valuations are not unique to crypto, as the tech industry has faced similar challenges. However, with expected interest rate decreases and the resolution of regulatory uncertainty, there is potential for more capital to flow into the space. While the market is currently dominated by retail investors, the entrance of traditional financial institutions, such as PayPal, utilizing crypto for cross-border remittance, is a significant development. As meaningful use cases and demonstrated economic value drive the adoption of crypto, more money is likely to flow back into the crypto VC environment.
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