Assertion certainty 3/5 debate potential 2/5

Garg: Global economy has tapped less than 10% of highly gifted talent

Avichal Garg · 20VC: Why Crypto is Software Eating Money, Why Crypto Firms Will Outcompete Traditional Venture Firms, How To Price Tokens and When To Have Them, DAOs: How Are They Structured and What Makes One Successful with Avichal Garg, Co-Founder @ Electric Capital · Apr 11, 2022 · at 38:39

Avichal Garg is the co-founder of Electric Capital. On 20VC, he discusses how global Web3 service DAOs can unlock untapped talent across the world.

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“I suspect we've tapped no more than 10% of those people. 90% of the highly gifted people in the world we have just not been able to find yet.”

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More from Avichal Garg

Prediction Not checkable as stated
Garg: Crypto dApps and computation will not create most long-term value
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“The real risk, in my opinion, therefore, is not that the government bans this stuff. I think the real risk, actually, is that nefarious governments fully, fully embrace it.”
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“Yeah, I generally think decentralized teams won't work. I think in the very, very early days of any platform, they can work, and it's because there is not that much competition, and a lot of what you need to build out is infrastructure, and you have a small nu…”
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Prediction Open · timeframe Aug 2023
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Prediction Not checkable as stated
Garg: Mid-tier venture firms face severe disruption from on-chain capital competition
“The people I think should be worried are if you're like VC firm, 15 through 1000, right? Like I think you get disrupted because capital, as it becomes a commodity, if you're a venture firm, 25 and you're like not breaking the top decile in terms of returns, An…”
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Prediction Not checkable as stated
Garg: Bitcoin could become a central bank reserve larger than the yuan
“Could Bitcoin actually be a Reserve currency that central banks are purchasing that could be bigger than the yuan or the euro in central banks. I don't think that's crazy, actually.”
Avichal Garg Apr 11, 2022 ▶ 45:22 20VC: Why Crypto is Software Eating Money, Why Crypto Firms Will Outcompete Traditional Venture Firms, How To Price Tokens and When To Have Them, DAOs: How Are They Structured and What Makes One Successful with Avichal Garg, Co-Founder @ Electric Capital
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