Inside the Hutt Spencer Bogart (Blockchain Capital)
In this episode of Inside the Hutt, host Brooke Pollack interviews Spencer Bogart, General Partner at Blockchain Capital. Spencer shares his journey into venture capital, transitioning from sell-side equity research to joining Blockchain Capital nearly a decade ago. The conversation delves into Blockchain Capital’s history, investment strategy, and how the firm has remained a leading player in blockchain venture investing. Spencer also provides insights on navigating market cycles, evaluating investment opportunities, and the evolving dynamics within the crypto and blockchain ecosystem.
Key Points From This Episode:
Spencer Bogart’s career journey, from economics undergrad to General Partner at Blockchain Capital.
Blockchain Capital’s history, starting with a $1M fund and scaling to billions in assets under management.
The firm’s focus on pure venture investments and its disciplined approach to liquid assets.
Importance of maintaining team integrity, transparency, and low turnover in a venture setting.
Investment philosophies and how Blockchain Capital identifies opportunities uniquely enabled by blockchain.
Notable investments in projects like EigenLayer and Worldcoin, and the rationale behind these decisions.
The impact of market cycles on investment strategies and how Blockchain Capital prepares for bull and bear markets.
Insights into the future of DeFi and its nearly infinite design space for financial innovation.
Discussion on the regulatory environment and its impact on blockchain startups and innovation in the U.S.
Perspectives on differentiating as a blockchain-focused venture fund and sustaining a competitive edge.
How allocators are realizing that the liquidity profile of crypto venture funds is becoming strictly superior to general venture funds and why.
Links