Tushar Jain, co-founder of Multicoin Capital, explains why the firm holds through bull runs rather than selling winners and risking being unable to rebuy at scale.
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“While a lot of people get worried about exit liquidity, honestly, given our level of conviction in these assets, I'm more worried about entry liquidity. Will we be able to buy this at scale again?”
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“Whether we're talking about Ethereum, two point O near Polkadot, those are sharded blockchains and they require some meaningful Computer science breakthroughs to happen in order to actually function and deliver what they needed. Solana did not need that. Solan…”
Tushar JainNov 18, 2021▶ 55:51Kyle Samani and Tushar Jain - Multicoin Capital (Manager Meetings, EP.20)
Opinion
Jain: Solana is high-speed broadband compared to Ethereum's dial-up infrastructure
“And now we have Solana, which is like broadband, To Ethereum's dial-up.”
Tushar JainNov 18, 2021▶ 58:13Kyle Samani and Tushar Jain - Multicoin Capital (Manager Meetings, EP.20)
PredictionNot checkable as stated
Jain: Layer-one blockchains will eventually consolidate into an operating system duopoly
“So if I had to guess what the long-term outcome of layer one blockchains will be, I would expect it to be a similar duopoly as what we see in older operating systems.”
Tushar JainNov 18, 2021▶ 50:34Kyle Samani and Tushar Jain - Multicoin Capital (Manager Meetings, EP.20)
Opinion
Jain: Solana is the iPhone moment for crypto
“We think Solana is the iPhone moment. For crypto.”
Tushar JainNov 18, 2021▶ 57:44Kyle Samani and Tushar Jain - Multicoin Capital (Manager Meetings, EP.20)
PredictionDidn’t hold up
Jain: Helium will have more access points than any telecom by 2022
“We are expecting The Helium network to really be the biggest wireless network in the world by the end of next year, have more access points than any other centralized telecom provider by the end of next year, and have potentially even more users.”
Tushar JainNov 18, 2021▶ 1:02:17Kyle Samani and Tushar Jain - Multicoin Capital (Manager Meetings, EP.20)
Opinion
Jain: Developers could not build functional applications on Ethereum in 2016
“In 2016, you really couldn't build anything on Ethereum. It didn't work, and like, you could never really build anything on Bitcoin.”
Tushar JainNov 18, 2021▶ 20:19Kyle Samani and Tushar Jain - Multicoin Capital (Manager Meetings, EP.20)
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