How I Invest with David Weisburd

E233: Why Stablecoins Could Rewrite Global Finance — Faster Than Anyone Thinks

Oct 31, 2025
Guest
Avichal Garg
In this discussion, Avichal Garg, Co-founder and Managing Partner of Electric Capital, shares insights derived from his experience at Google and Facebook. He argues that the future of finance will rely on stablecoins and decentralized infrastructure rather than mere speculation. Avichal highlights the importance of tracking developer activity over token prices, the impact of AI on governance, and the need for engineering-first investment strategies. He envisions a world where crypto integrates seamlessly into everyday finance by 2030, reshaping how we perceive and utilize money.
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ANECDOTE

Funded By Trust From Early Tooling Work

  • Electric Capital began after building tooling for personal digital-asset needs and friends asked them to manage funds.
  • That organic origin led to their first fund in early 2018 from people who trusted them.
ANECDOTE

Redistributing Exit Gains Built Trust

  • Avichal and Curtis redistributed their exit proceeds to give investors and employees healthier returns on acquisition.
  • Their behavior built trust that later helped raise larger funds for Electric Capital.
ADVICE

Earn A Right To Win Before Raising Big

  • Build a track record or platform before raising large venture funds; writing and proving theses can earn trust.
  • Use prior startup exits, writing, or internal proof points to acquire a 'right to win' with LPs.
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