Lightspeed The Rise Of Crypto's App Ecosystem Mike Dudas
Jun 20, 2025
Mike Dudas, managing partner at Six Man Ventures and a savvy commentator in crypto and venture capital, dives into the evolving landscape of crypto investment. He shares the origin story of 6MV while contrasting liquid and venture investing strategies. The discussion touches on Solana's growing app ecosystem, the implications of market manipulation, and the challenges faced by venture capitalists in the crypto space. Dudas also explores the successes of platforms like Hyperliquid, illustrating the competitive dynamics shaping the future of decentralized finance.
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Permissionless Conference Baseball Story
- Mike Dudas and Jack Kubinek recalled a memorable Mets-Phillies game at a Permissionless conference watch party.
- Mike screamed wildly when Lindor hit a grand slam, showing the spirited atmosphere at crypto events.
Sixth Man Ventures' Investment Focus
- Sixth Man Ventures invests broadly in the app layer, spanning consumer and business applications.
- They focus on companies generating revenue and enabling value, reflecting the growing revenue meta in crypto.
The Rise of Crypto Liquid Investing
- Successful crypto venture investing now requires the ability to invest in both private deals and liquid tokens.
- Liquid investing offers faster liquidity and optionality, which better suits the profile of crypto LPs compared to traditional venture.