Polychain Capital
also referred to as: polychain
10 statements across 2 episodes · 3 bullish · 0 bearish · 3 people on the record · first statement Dec 11, 2017 by Olaf Carlson Wee · said 16 times in 1 episodes since 2017 · across every show →
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brought up most by Harry Stebbings (12), Olaf Carlson Wee (4)
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Everything said about Polychain Capital, oldest first
Dec 11, 2017 neutral
Dec 11, 2017
Carlson-Wee: Companies launching tokens must stop extracting direct network revenue
“The second thing is that if you are launching a token and you're a private company, you should be ready to stop extracting any revenue from your network. So however you were extracting revenue from the network, whether this was advertising or paid subscription…”
Dec 11, 2017
Carlson-Wee: Companies without network effects should not issue tokens
“So I think that a good rule of thumb, though, is that these companies must have network effects, period. If your business is not based on building network effects, then it doesn't make sense for you to create a token. I think this rule is the one I see broken …”
Dec 11, 2017 neutral
Carlson-Wee: Polychain operates under a benevolent dictator investment model
“So internally, we do have a benevolent dictator, which is me. I do obviously seek help from our research team extensively, as well as other partners at the firm. I, in general, though, I have kind of full veto rights over any investment.”
Dec 11, 2017 bullish
Carlson-Wee: Polychain intends to hold crypto assets indefinitely unless thesis changes
“So while we do have the ability to rebalance the portfolio and sell down a position while staying ultimately long on the technology, it mostly is our strategy to hold these things forever. So until our thesis changes about something, it's our intention to real…”
Dec 11, 2017 neutral
Carlson-Wee: Crypto fund investing is not a zero-sum game
“Well, I actually don't really view other crypto funds as competitors. The reason being that this is not a zero-sum game like much of Wall Street feels like it is. If you're a derivatives trader on Wall Street, if you win, somebody else loses directly. In this …”
Dec 11, 2017 positive
Polychain grew AUM from $4M to over $200M within two years
“Having founded the firm less than two years ago with Four million under management in their initial fund. Polychain now has over two hundred million under management, with backing from the likes of Sequoia, Founders Fund, Andreessen Horowitz, and USV, just to …”
Dec 11, 2017
Carlson-Wee: Non-experts should ignore crypto white papers
“I don't think people should evaluate white papers unless they consider themselves subject matter experts. This is very different from understanding a business, and if you don't understand, like, consensus mechanisms, the underlying cryptography used here, and …”
Dec 11, 2017 neutral
Carlson-Wee: Polychain invests exclusively in crypto assets, holding zero equity
“Polychain is an investment manager, and we manage a fund that invests exclusively in blockchain-based assets. Another word for this is, you know, cryptocurrencies. So we don't invest in the equity of startups. We don't invest in public equities. We hold no sto…”