Prediction certainty 4/5 debate potential 2/5

Monegro: Big Tech will not be affected by crypto in short term

Joel Monegro · 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 · Jul 2, 2018 · at 10:19

Joel Monegro, Founding Partner at Placeholder VC, clarifies that traditional internet giants will continue thriving in the near term despite crypto's long-term threat.

0:00 / 0:11exact quote · 11.8s
720p mp4 · rendered on demand · StarZero watermark
“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.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Joel Monegro

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
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.