Spencer Bogart

General Partner, Blockchain Capital · 1 appearance on the record.

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investoranalyst@CremeDeLaCrypto ↗LinkedIn ↗blockchaincapital.com ↗

At Blockchain Capital, Bogart oversees venture investments and leads research into blockchain infrastructure, DeFi, and crypto markets. Prior to joining the firm in 2017, he was a Vice President of equity research at Needham & Company, where he authored Wall Street’s first formal research report analyzing Bitcoin and blockchain technology.

12statements → 9claims → 5claims resolved → 40%fully supported → 3.67/5average certainty → 1.92/5average debate potential → ≈4.5/5argument clarity, estimated →

2 supported 2 partly supported 1 contradicted 4 not checkable as stated how the 9 claims stand · each chip opens the sources

2 predictions · 7 assertions · 1 opinion · 1 insight · 1 disclosure · every statement was checked. The predictions and assertions are the 9 claims: statements the public record can support or contradict. 5 are resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Spencer argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Bogart: Merchant processing is an insignificant part of Coinbase's business

“Merchant processing is an insignificant portion of their business, right?”

Spencer Bogart Oct 4, 2017 ▶ 23:24 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Their most notable contradicted claim

Prediction Didn’t hold up

Bogart: Blockchain Capital Fund 4 will almost certainly be oversubscribed at $250M

“It's almost certainly going to be an oversubscribed, two hundred and fifty million dollar fund.”

Spencer Bogart Oct 4, 2017 ▶ 10:38 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Expressed certainty vs assessment result

none yet certainty 1

none yet certainty 2

100% certainty 3

50% certainty 4

50% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Spencer Bogart on measured tape to publish a rate. This says nothing about how they speak.

What they said12 Episodes1

Everything Spencer Bogart said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Not checkable as stated

Bogart: Odds of SEC approving a Bitcoin ETF remain very low

“I think it's still quite low. I mean, the SEC has made, you know, a pretty definitive decision about this, that the underlying markets for Bitcoin are too unregulated, and therefore they're not going to allow a regulated product. So it's kind of a circular arg…”

Spencer Bogart Oct 4, 2017 ▶ 6:17 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Opinion

Bogart: Crypto exchanges are massive honeypots, Poloniex carries higher risk

“Coinbase, Kraken, Poloniex, Poloniex probably being one of the bigger risks out there. You know, these are giant honeypots of Bitcoins, and the problem is once they're gone.”

Spencer Bogart Oct 4, 2017 ▶ 3:19 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Assertion Partly supported

Bogart: Grayscale's GBTC is the best traditional security wrapper for Bitcoin

“The reality is that this is the best product that exists today. It's not a perfect product, but it's the best that exists today, and the only way to get exposure to an exotic asset that is Bitcoin in a traditional security wrapper, right?”

Spencer Bogart Oct 4, 2017 ▶ 3:43 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Insight

Bogart: SEC regulators face asymmetric downside risk approving Bitcoin ETFs

“If you're at the SEC, you know, this is one of those things where if you approve this particular ETF, and it goes really well, you know, nobody comes back and kind of, you know, gives you a big promotion, right? But if you do approve it, and something goes wro…”

Spencer Bogart Oct 4, 2017 ▶ 5:27 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Assertion Partly supported

Bogart: Blockchain Capital capped its pioneering ICO venture fund at $10M

“We raised the world's very first venture fund via an ICO. So we limited the size. We capped it at just a small, ten million dollar offering to make sure that, you know, we can mitigate, mitigate risk there. And make sure that it's successful. That offering, th…”

Spencer Bogart Oct 4, 2017 ▶ 8:18 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Prediction Didn’t hold up

Bogart: Blockchain Capital Fund 4 will almost certainly be oversubscribed at $250M

“It's almost certainly going to be an oversubscribed, two hundred and fifty million dollar fund.”

Spencer Bogart Oct 4, 2017 ▶ 10:38 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Disclosure

Bogart: Blockchain Capital conservatively estimates four unicorns in its portfolio

“Conservatively, we're estimating that there's probably four unicorns in our portfolio today.”

Spencer Bogart Oct 4, 2017 ▶ 24:58 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Assertion Not checkable as stated

Bogart: Most crypto startups liquidate over 80% of ICO proceeds

“I'd say most of them are liquidating upwards of 80%, but you know, some of them like to roll the dice a little bit more.”

Spencer Bogart Oct 4, 2017 ▶ 21:06 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Assertion Supported

Bogart: Merchant processing is an insignificant part of Coinbase's business

“Merchant processing is an insignificant portion of their business, right?”

Spencer Bogart Oct 4, 2017 ▶ 23:24 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Assertion Supported

Bogart: Vinny Lingham raised $33M for Civic in token sale

“He raised, I think it was thirty three million dollars in total and did it through a process that was one of the most well-organized that we've seen.”

Spencer Bogart Oct 4, 2017 ▶ 11:28 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Assertion Not checkable as stated

Bogart: Balaji Srinivasan reduced social media activity due to government appointment consideration

“Balaji, sort of awesome. He's gone quiet because he was up for a major kind of government appointment. I haven't heard a word on that, but it, you know, it's kind of made him a lot more quiet on social media, et cetera.”

Spencer Bogart Oct 4, 2017 ▶ 26:48 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Assertion Not checkable as stated

Bogart: Telegram is the primary communication hub for the crypto community

“My favorite online tool, I guess right now in the crypto community, it's gotta be telegram. That's where we're all kind of connecting.”

Spencer Bogart Oct 4, 2017 ▶ 27:06 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4

Appearances (1)

Episode	Date	Speaking time
802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4	Oct 4, 2017	13m

Spencer Bogart

The record, in short

Their most notable supported claim

Their most notable contradicted claim

Expressed certainty vs assessment result

How they sound: not measured why? →

Appearances (1)

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