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Joel Monegro

Founding Partner, Placeholder · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investoranalystauthor@jmonegro ↗monegro.org ↗

Joel Monegro is a Founding Partner at Placeholder, a venture capital firm investing in decentralized networks and blockchain protocols. Prior to co-founding Placeholder, he developed the early blockchain investment thesis at Union Square Ventures and authored the essay "Fat Protocols".

12statements → 7claims → 2claims resolved → 3.83/5average certainty → 2.75/5average debate potential → ≈4.5/5argument clarity, estimated → 1said about them ↓

1 supported 1 partly supported 0 contradicted 5 not checkable as stated how the 7 claims stand · each chip opens the sources

4 predictions · 3 assertions · 1 opinion · 3 insights · 1 disclosure · every statement was checked. The predictions and assertions are the 7 claims: statements the public record can support or contradict. 2 are resolved, and 5 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Joel argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Prediction Held up
Monegro: Regulatory clarity is required before institutional capital enters crypto
“I think we're going to see more of those this year, but ultimately, I think that before Before institutional capital can really rush in, we're going to need more clarity from the regulatory side.”
Joel Monegro Jul 2, 2018 ▶ 12:17 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC

How they sound: speaking style how? →

235 words/min while actually speaking · 3.3 um and uh per 1k words

No argument clarity score for Joel Monegro: no usable question→answer exchanges on raw tape (a fair score needs 8+). We do not score a sample that small. Roundtable and news formats yield far fewer direct exchanges than interviews. Their coarse estimate from 19 exchanges on the produced feed is ≈4.5/5, shown at half point precision because the sample is small and produced tape scores higher.

Measured by listening to 3,940 words across 1 episode, but every recording we have of Joel Monegro is the aired feed, and an editor cleaned that audio before release. Some of the hesitation was cut before we ever heard it, so read these as floors: the true rates are at least this high. These are measurements of speaking style, not scores. How it's measured →

How the interview went all their pushback → series average →

Across 1 rated episode:

host pushback ▾ 1/10
pushed back at the host ▾ 1/10
setup questions received 65%

Everything Joel Monegro said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Not checkable as stated
Monegro: Most value in crypto will accrue to network governance
“I believe that governance is where most of the value is going to accrue in crypto at the end of the day, precisely because of what Kyle pointed out, features, functionality can be copied, and the thing that you can't copy is a community, and the thing that Kee…”
Joel Monegro Jul 2, 2018 ▶ 23:25 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Assertion Not checkable as stated
Monegro: Buying Bitcoin directly outperformed USV's early-stage crypto equity investments
“I calculated how much better or worse an investment it would have been to just buy Bitcoin and buy the same amount of dollars worth of Bitcoin, and found that Bitcoin would have been a much better investment”
Joel Monegro Jul 2, 2018 ▶ 5:41 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Prediction Not checkable as stated
Monegro: Crypto will commoditize major web incumbents over the long term
“And so now the value in crypto is no longer in the data itself, and ultimately that's for the long term, that's what's going to commoditize the web incumbents that we have today.”
Joel Monegro Jul 2, 2018 ▶ 9:48 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Insight
Monegro: Liquid fund structures force crypto managers to sell during market downturns
“A frenzy where there will be massive rises and massive falls, and when you have a more liquid fund structure, that can end up screwing you in interesting ways. If you're now bound by the whips of the market, if your investors can pull out of the fund because i…”
Joel Monegro Jul 2, 2018 ▶ 19:00 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Insight
Monegro: Crypto networks cannot win long-term on software features alone
“Features can be copied, and you can't win in this market solely on the basis of features.”
Joel Monegro Jul 2, 2018 ▶ 20:19 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Opinion
Monegro: Investing directly in crypto assets beats traditional startup equity
“We bonded over our shared belief that the most interesting place to invest in was in the assets themselves and the crypto assets that were being created with blockchains as opposed to companies.”
Joel Monegro Jul 2, 2018 ▶ 4:11 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Insight
Monegro: Traditional VCs must hire crypto specialists or fall behind
“And so for existing VCs that are moving into a space, they either have to recruit people that are going to spend all of their time in this market learning about this market, or they're going to have a tough time catching up.”
Joel Monegro Jul 2, 2018 ▶ 14:01 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Assertion Partly supported
Monegro: ICO fever diminished in 2018 due to regulatory interest
“I think we've seen ICOs or ICO fever really diminish as the year has gone by. I think we're getting to a healthier place, and largely due to the increased interest from regulators in the space. I think that's been very positive.”
Joel Monegro Jul 2, 2018 ▶ 23:47 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Prediction Not checkable as stated
Monegro: Big Tech will not be affected by crypto in short term
“So the companies that I mentioned, Google, Apple, Facebook, Amazon, they're incredible. And will continue to be for quite some time. It's not like they're going to be affected by the rise of crypto in the short term.”
Joel Monegro Jul 2, 2018 ▶ 10:19 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Prediction Held up
Monegro: Regulatory clarity is required before institutional capital enters crypto
“I think we're going to see more of those this year, but ultimately, I think that before Before institutional capital can really rush in, we're going to need more clarity from the regulatory side.”
Joel Monegro Jul 2, 2018 ▶ 12:17 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Disclosure
Monegro: Placeholder is prioritizing crypto infrastructure investments over application layers
“We focus on our thesis, so we believe that we're at a stage now where infrastructure is particularly important because there's a lot of building blocks for Crypto applications that don't exist yet, and so things like file storage and networking and things like…”
Joel Monegro Jul 2, 2018 ▶ 15:31 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC
Assertion Not checkable as stated
Monegro: Steem's early token crash was driven by excessive inflation
“When they started out, they had an economic model that created a bit of a bubble and then that crashed pretty quickly because they had an inflation rate that was way too high.”
Joel Monegro Jul 2, 2018 ▶ 21:30 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC

The other half of the tape: Joel Monegro's own voice is left out of every number here. Other people bring the name up 1 time in 1 episode on 20VC. every mention, with the transcript →

Who brings them up most Jonathan Libov 1

Every mention by year

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Appearances (1)

EpisodeDateSpeaking time
20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital W Jul 2, 2018 18m
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