Crypto Venture Capital Series Ep. 3: Michael Jordan of Galaxy Digital

Jul 21, 2021

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The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy sits down with Michael Jordan, Vice President at Galaxy Digital, a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sector. The two discuss types of investments, adding value to portfolio companies, token economics, and more.

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Show Notes:

(2:42) First Question: Michael’s Intro and what does he do at Galaxy.

(6:27) Michael’s thoughts on traditional funds getting access to equity deals in crypto.

(9:33) Differences between crypto equity plays today vs. a couple of years ago.

(12:04) Whether projects like the OpenSeas, the Fireblocks to IPO in the NASDAQ or decentralize the community in some way.

(16:40) Michael’s thoughts on party rounds vs. Galaxy taking all of a deal.

(22:38) Retail vs. Institutional / what they see when they look at a project.

(24:41) Michael’s thoughts on the value flows between the equity and the token.

(29:19) Are we going to go completely crypto native with tokens? / will the stock exchange go away? / Michael’s thoughts on old traditional financing methods and where we’re going with crypto.

(32:09) Founding teams / the spectrum of due diligence Michael does on a founder / how Michael diligences founders on the qualitative basis.

(39:00) What Michael thinks is the most important sector within crypto to invest in – from a retail perspective.

(41:06) Michael’s advice on diversification versus concentration.

(43:54) The best advice Michael’s ever gotten.

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