Marcos Veremis of Accolade Partners discusses why active monitoring of Discord and Telegram channels is essential for underwriting crypto fund managers.
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“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?”
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 Marcos Veremis
Opinion
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…”
Marcos VeremisJun 13, 2022▶ 44:48Marcos Veremis – Allocator's Perspective on Blockchain (EP.254, Crypto for Institutions 2, EP.01)
AssertionSupported
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.”
Marcos VeremisJun 13, 2022▶ 25:51Marcos Veremis – Allocator's Perspective on Blockchain (EP.254, Crypto for Institutions 2, EP.01)
Opinion
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 …”
Marcos VeremisJun 13, 2022▶ 31:01Marcos Veremis – Allocator's Perspective on Blockchain (EP.254, Crypto for Institutions 2, EP.01)
Insight
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…”
Marcos VeremisJun 13, 2022▶ 39:15Marcos Veremis – Allocator's Perspective on Blockchain (EP.254, Crypto for Institutions 2, EP.01)
AssertionNot checkable as stated
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.”
Marcos VeremisJun 13, 2022▶ 11:43Marcos Veremis – Allocator's Perspective on Blockchain (EP.254, Crypto for Institutions 2, EP.01)
AssertionContradicted
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…”
Marcos VeremisJun 13, 2022▶ 13:26Marcos Veremis – Allocator's Perspective on Blockchain (EP.254, Crypto for Institutions 2, EP.01)
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