Crypto Funds
topic on 6 shows · 14 statements across 14 episodes
the Neon Show 
Capital Allocators 
Top Founders 
All-In 
TBPN 
20VC
14 statements about Crypto Funds, every show
David Friedberg: US sovereign wealth and crypto funds should fund Social Security
“Every dollar that's going into the sovereign wealth fund ideas, or if they come to fruition, or in my opinion, and obviously I haven't spoken about this, but the crypto fund and all this other sort of stuff. Every dollar of that should go into the Social Secur…”
Wertz's LP portfolio includes 10x–20x crypto funds and multiple 6x–8x funds
“I mean, definitely the crypto funds are more in the 10 to 20 X axis, right? And they have done well, but there's a bunch of funds in the portfolio that are at least on paper six to eight X funds, right? And obviously funds that were more raised in the kind of …”
Hays: The average crypto fund has outperformed top 20% VC funds
“Historically, The average crypto fund has outperformed the average venture fund, or basically, no, the average crypto fund has outperformed, like, the top 20% venture fund.”
Hommels: VCs need meaningful ownership so wins actually move the needle
“I do think that you need to have ownership in that sense that some of the crypto funds that I'm seeing, they invest many, many, many companies, very, very small sums, so it never makes a difference if you're right. So you need to make sure that it makes a diff…”
Dixon: All a16z crypto funds are structured as 10-year venture funds
“First of all, all of our funds are Ten-year venture funds.”
Tomaino: Few crypto funds will raise capital as LP scrutiny increases
“I don't think many crypto funds are getting raised. And I think LPs are going to get a little smarter and do more diligence and not just you know, deploy You know, like crazy into you know, fund managers that don't really have any unique insights or defined st…”
Recent crypto fund vintages will produce a high number of zeros
“I think we're going to see a lot of zeros pop out of the vintages of these crypto funds that we've seen recently.”
Bozman: Mega crypto funds have priced themselves out of early-stage deals
“I think now, maybe it wasn't obvious when we raised the first fund, but structurally, every fund has kind of gotten really big and almost priced themselves out of the earliest stages of the market.”
Veremis: Ethereum outperformed most crypto venture and hedge funds net of fees
“And in fact, Ted, if you look at how Ethereum performed over the past few years, it's beat most funds, net of fees.”
Wallace Foundation receives one pitch per day for new crypto funds
“We're getting a solicitation a day about a brand new crypto fund from some incumbent managers, from brand new managers, folks spinning out.”
Paul: Most Top Ten US Endowments Have Invested in Crypto Funds
“What I can say generally about the endowment world is most of the top 10 endowments have invested in crypto funds.”
Xie: Crypto funds collaborate and share deal flow via weekly syncs
“These crypto funds and investors often share deal flow with each other. It's really interesting because these crypto funds are very collaborative. I have weekly syncs with a number of crypto funds out there where we say, okay, these are the deals I saw, this i…”
Carlson-Wee: Avoid opportunistic Wall Street transplants when backing crypto tech funds
“I'd look for people that have been in this ecosystem for a long time. I'd look for people that have deep technical expertise in this subject matter. I'd look for people that have solid networks among relevant people in this ecosystem. I would avoid Folks that …”
Antonopoulos: Custodial Crypto Funds Replicate Vulnerabilities of Traditional Banking
“So what are these crypto funds doing? They're basically holding crypto for thousands of investors on their behalf as custodians. That's business as usual. That's traditional banking only now with a new currency. The problem with that Is that if they hold the c…”