Marcos Veremis
Partner, Accolade Partners. On 1 show, 1 appearance. The Shows tab opens the full record on each.
investor@marcmynome ↗accoladepartners.com ↗
Marcos Veremis leads crypto and blockchain fund-of-funds strategies at Accolade Partners, allocating institutional capital into specialized venture funds. He previously created and led the blockchain research practice during his 13-year tenure at Cambridge Associates before serving as a partner at Evanston Capital Management.
1shows
1appearances
20statements
4resolved
3supported
1contradicted
75%fully supported
Everything Marcos Veremis said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Veremis: Crypto Regulatory Risk Is No Longer Systemic
“And then regulatory risk.
I don't think it's systemic anymore.
I could be wrong.
I think it was systemic in 2018.
You could have seen some really aggressive action against crypto back then.
Now, how can it be?
Like, I think, 30, forty million Americans hold so…”
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.”
Veremis: Crypto VCs up 20x should distribute at least 5x to LPs
“I would want them to distribute a fair amount in my mind. I would like them to distribute more than one or two X. Would like them to distribute five X or six X. That way the investor has locked in a historically amazing return and then has the option for much …”
Veremis: DeFi governance tokens like UNI can be valued via DCF
“Take Uniswap as a governance token, the Uni token, or other types of DeFi tokens. Effectively, they give governance rights on a platform that performs a service to the holders of it. And either today or in the future, they can give also economic power to these…”
Veremis: Institutional crypto adoption is up 5x in clients, 20x in capital
“Cambridge would have it right now, but I would say there's probably five X from then at least, like I'm taking a guess here in terms of client number. In terms of dollars, probably 10 X or 20 X.”
Veremis: Most institutions treat crypto as a venture capital sub-allocation
“I think at this point, It is considered a sub-allocation to venture capital by the vast majority of institutions, and it's just a much more volatile subset of venture capital because there, there's early liquidity, you know, portfolios start having marks, they…”
Veremis: Early crypto VC managers hold deal-winning moats over new entrants
“Fast forward to today, you know, obviously there are network effects and moats around their early activity and they're winning more deals. It's easier for them to win deals and new entrants on average.”
Veremis: Only 15 to 20 crypto fund managers are considered elite
“I would say there are about 15 to 20 at this point, with maybe 10 being the elite elite, like league one, at least in the perceptions of people.”
Veremis: Scaling past $1B fundamentally changes crypto venture fund dynamics
“When you have a fund size of a hundred million or 200 or 300, and then you have a fund size of a billion or more, it's a different ball game you're playing. So I think that for the vast majority of these elite firms of 2018, 2019 have become substantially larg…”
Veremis: Referencing entrepreneurs is far more important than speaking to LPs
“You try to speak with many entrepreneurs. That's probably more important, substantially more important than speaking with LPs, I would say, or GPs.”
Veremis: NFT investors disconnected from Discord communities lack insight
“So if somebody is investing in NFTs and is not plugged into the discourse and communities, it's a big question mark. How do you have special insights here? What is it that you're basing your decisions on?”
Veremis: High capitalization will allow crypto industry to weather a bear market
“What's for sure is that the industry is better capitalized than ever. So in some ways, like even if there's a softening and valuations go down and there's a bit of a bear market, it should weather it pretty well in my view.”
Veremis: Geographic proximity still matters for early-stage crypto deal sourcing
“Especially in the earlier stages, even though crypto and blockchain are global, the startups are global and distributed most of the time in terms of teams at the early stages, the sourcing, the geography and with regards to the sourcing matters, take for examp…”
Veremis: Sector specialist venture funds hold an edge over crypto generalists
“We think that managers like that in a vertical like this have an advantage and why? Talk to entrepreneurs. Ask them. The one thing they will tell you is, we love the crypto guys. They gave us some of our first checks. I'm talking about the ones that have devel…”
Veremis: Fund managers' character is tested in crisis and windfall success
“It is my general belief that you truly understand people in two situations. In crisis and when things are really good, you see the sides of the people. In crisis, you see, you know, whether they have the grit and the persistence and the stamina... Now with big…”
Veremis: Blue-chip VCs are moving away from early-stage investing
“You're seeing the blue chip guys sailing away from the early stages with the fund sizes. So we've been focused on finding the new seed managers, pre-seed managers, etc.”
Veremis: Holding Bitcoin during the Greek debt crisis would have protected citizens
“We should have had some Bitcoin next to our Greek government bonds. It would have helped a lot.”
Veremis: Crypto venture funds raised $10B in Q1 2022 after $25B in 2021
“Last year, the industry raised about twenty five billion or so in capital on the venture side. In the year before, 2020, the number was three billion. This first quarter alone, the industry raised ten billion.”
Veremis: Biggest career mistake before crypto was not taking enough risk
“The biggest mistake I made was, I think, prior to researching crypto and taking a deeper dive is I didn't take enough risk. I think the transformational moment in my life was when I saw the Greek crisis. I go back to that, and I saw that Even if you think you'…”
One line per show, most statements first. The link opens Marcos's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 CAPITAL ALLOCATORSLEDGER | Partner, Accolade Partners | 1 | 20 | 75% 3/4 | full record on Capital Allocators → |