Podcasts about coventure crypto

Welcome to Daily Wisdom, a daily crypto podcast from The Flippening. These episodes feature short, to-the-point clips from our full-length interviews. We talk with the men and women behind the trades, crypto exchanges, regulations, and crypto market cap movements with the goal of helping you become a better, more informed investor. Today’s episode is from a 2018 conversation with Ateet Ahluwalia, former partner and Managing Director at CoVenture Crypto, a cryptocurrency asset management firm. We discuss why developed countries will be last to adopt crypto and why Bitcoin is a cheap or accessible form of trust. For the full conversation, check out Flippening episode 15. Sponsors Crypto Loans by Nexo Nexo is the only lender offering INSTANT crypto credit lines, which let you use digital assets as collateral to get cash in 45 fiat currencies and stablecoins. Annual interest rates for credit lines are now starting at just 5.9% - which may very well be the lowest borrowing rate in the whole industry. Nexo is also a strategic partner of exchanges, OTC desks, and crypto funds through its portfolio of structured financial products. Definitely explore nexo.io or reach them at institutions@nexo.io. Nomics.com & Nomics' Cryptocurrency API Nomics is a crypto market cap website and aggregator, going head to head with CoinMarketCap. We stand as a transparent alternative to many of the sketchy market cap websites out there. If you haven't been to Nomics.com in a while, I encourage you to visit our website. We offer transparent volume statistics for nearly every cryptocurrency and crypto exchange in the space. And I believe we have the only credible crypto exchange index in the space as of the time of this reading. If you’re sick of scammy ads, bad design, and manipulated data provided by companies whose founders hide from public view, then check us out at Nomics.com. For example, see our Litecoin Price / LTC & OKEx pages. P.S. If you've read this far, consider signing up for our fully customizable daily crypto newsletter.

Nikhil Kalghatgi is a founding Partner at CoVenture Crypto. In this conversation, Nikhil and Anthony Pompliano discuss Nikhil's work at SoftBank, how to apply Moonshot Investing to digital assets, and what CoVenture is currently excited about as the crypto industry continues to mature. ----- Join the Off the Chain newsletter. Pomp's daily email analyzes the crypto market for institutional investors. Simply, it’s the best crypto newsletter delivered to your inbox every morning. No frills. No bullsh*t. Just everything you need to know in a 3-minute read. https://offthechain.substack.com/ ----- BlockFi BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. ----- If you enjoyed this conversation, share it with your colleagues & friends, rate, review, and subscribe. This podcast is presented by BlockWorks Group. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at: https://www.blockworksgroup.io

I started thinking about moonshots after speaking with one of our investors Nikhil at CoVenture Crypto. He's a partner there. And I guess the back story on this is Nikhil Kalghatgi met with me and also Ateet from [00:02:30] CoVenture Crypto who runs their quant fund. We met for breakfast when I was in New York, and one of the questions that I like to ask investors is what's the best way to engage you. So Ateet had been helping us out with a bunch of pod related things. He's deep in data all day long. But this was the first time Nikhil and I had met in person, and I posed this question to him. And [00:03:00] he was pretty thoughtful and he responded that he likes to help out portfolio companies with moonshots, right? And so I was reflecting on that and I emailed Nikhil a little bit later, and said, "Hey, I'd really like to take you up on this offer of helping us define moonshots [00:04:00] as a company." And he sent me back this really thoughtful email to help me prepare for this meeting that we were setting up, and in that email, he outlined nine types of moonshots. So these are ... This is his IP. Thanks, Nikhil. So the first type of moonshot that he describes, the first category are [00:04:30] moonshots that are obviously impossible, right? He put obviously in quotes. These are things that you would like to do but are just obviously something that you can't do. And I think that kind of framing pushes you to think bigger. So that's category number one or type one. Type two, moonshot type two are imaginary dream partners. So when you're going [00:05:00] through this exercise and you get to number two, the objective here is to think about a dream partner that doesn't exist and just sort of define what the partnership would be, right? And the objective there is after you've defined them, you actually start looking for real world examples of these imaginary dream partners. The third type of moonshot is the brand elevation. So [00:05:30] think huge media partnerships. For us, for Nomics, this might be a partnership with the largest financial publication in the world, right? Providing data to them. Other companies might envision a Super Bowl ad, although that's almost never a good use of ad dollars. But what are some things that you can do that would immediately catapult your brand to the forefront of the space? [00:06:00] The fourth type of moonshot is distribution channels or partners, right? So if you're a consumer package good company, this might be getting Walmart or Target or whoever the biggest retailer is in your space to get your product in front of a lot of shoppers. The fifth category or type is [00:06:30] unique individuals in other sectors who might come and work for you. And I think often there's very fruitful like cross pollination that can be very beneficial to a company when they hire someone who's a leader in a tangential space that comes in and then runs their playbook in your company. That can be really great. I think there's some of the, actually arguably the biggest, [00:07:00] some of the biggest crypto companies are operating not solely in this sort of crypto-native capacity, right? They have connections in banking and Wall Street and stuff like that. The sixth type of moonshot is geographical growth. So do you want to expand to Europe or South America, China, whatever. What that might look like hypothetically. [00:07:30] The seventh category are partnerships that we talked about. Distributions channels and imaginary dream partners. This would be sort of like actual concrete partnerships. The eight category are what might it look... [transcript truncated due to character count restrictions] Website: https://nomics.com Crypto Market Data API: https://nomicsapi.com Personal Twitter: https://twitter.com/ClayCollins Company Twitter: https://twitter.com/NomicsFinance --- Support this podcast: https://anchor.fm/nomics/support

Man oh, man am I'm nervous. Man, am I'm nervous. Had trouble sleeping last night and all of that. So tomorrow, I'm recording this ahead of time. So tomorrow, but you probably have already heard of it by now or at least we've told other people, you might not have heard yourself. Tomorrow we are announcing our Series A fundraise. It's a pretty cool event, you can read [00:00:30] about it. Arthur Ventures led the round with Coinbase Ventures, and Digital Currency Group, and Davenport, and Polymath, and CoVenture Crypto, and CityBlock Capital and others participating. We're announcing that tomorrow, but I'm going to publish this the day after we announce so hopefully heard about it yesterday. Yeah, I'm just nervous about announcing this and it's [00:01:00] really due to, I think, past lessons learned, past experiences. But, all this announcement makes me nervous. In a past life at my last company raised $38 million in venture capital. I think when you raise money, especially when you raise a lot of money, which we didn't here. But I think the public perception of what is happening can become [00:01:30] very much out of sync with what's really happening, and incentives can get really misaligned. If you look at the crypto currency space, there's a lot of large figures attached to projects with really huge brand names; that haven't shipped much of anything and are providing much value to the space. We've seen recently Consensus lay off a bunch of people. We've seen Basis return money, [00:02:00] funds, where they raise close to $100 million, if not more, to investors or at least they're going to. I think there's going to be a lot more of these projects coming. These projects, like Basis for example, has a gorgeous website. They did have, a PR machine hired a bunch of people. It's really easy to believe the marketing hype [00:02:30] about a company, or a team or a project; it's really easy for people at those institutions to start believing the public hype about what they're doing. Instead of listing the market, and actually having, head to the ground, around the pulse of the value that's being created. I [00:03:00] think there was a part of me that considered not even announcing that we had done a fundraiser. We didn't need to file paperwork with the SEC, we didn't need to publicly disclose how much we had raised or who we had raised funds from. We just didn't need to do that. So, why are we doing this? Why are we doing this? [00:03:30] I think for a few reasons. One, we want our customers to know that we're here to stay, that there are luminaries in the space or people with influence who believe in us and what we're doing. I think that lends credibility to our project. I think it's important for people to know that we're here, that we exist, that we're serious and all of that. That's [00:04:00] part of the reason why we're doing it. I'm also glad that, this is just kind of a good excuse to develop relationships with journalists, and the media, and the press and to kind of come out for the very first time to the space in a way. I don't know if it's in a big way, but to come out to the space. That's part of the reason why we're doing it. I think there are definitely upsides to this. The downsides of course are that [00:04:30] it's possible to build a huge brand in the cryptocurrency space, without delivering much value at all. To have a team that's speaking at conferences, that's putting out podcasts, that is coming across as being hugely influential, and just not having any profit [00:05:00] or any sustainable value that comes with that. All of this said, I think the reason why we did get funded in a bear market is that, we have . . . [transcript truncated due to character count restrictions] Website: https://nomics.com Crypto Market Data API: https://nomicsapi.com Personal Twitter: https://twitter.com/ClayCollins Company Twitter: https://twitter.com/NomicsFinance --- Support this podcast: https://anchor.fm/nomics/support

Hey, this is Clay and I am pleased to announce that Nomics has raised a Series A round venture capital financing. Leading the round is Arthur Ventures, and also participating are Coinbase Ventures, Digital Currency Group, TokenSoft, Ben Davenport, who is the co-founder and former CTO of BitGo, CoVenture Crypto, CityBlock Capital, [00:00:30] King Capital, and some other friends and family, who participated in the round. We're excited to partner with all of them. I can tell you a little bit about how this came together. A few months ago, I started looking at companies that I really, really respected, in terms of the products that they had created, but also [00:01:00] how lean the companies ran. A few companies in that category include Zapier, Clearbit, SendGrid, folks like that. I looked at the size of their series A funding. Zapier and Clearbit, I believe, had only done one round of VC financing and or seed rounds, and never had to raise [00:01:30] money again. I believe that's true of Clearbit. I know that's true of Zapier. SendGrid, of course, went on to become public. I think they're being sold to [Tulio 00:01:40] right now, but I looked at the average series A size. I saw a lot of constraint, and pragmaticism around the raise. I think we were aiming for that as well. At my last company, we raised 38 million in ventures capital. [00:02:00] So I've done the thing where we raise a lot. Over time, I'm becoming a bigger and bigger fan of constraints, and just really being reasonable about these things, especially after the euphoria of the 2017 bull market and crypto. We're excited about this. I think I was saying this earlier. [00:02:30] How this got started was I approached Patrick Meenan at Arthur Ventures. Again, they're our lead investor. I told him we were going to raise, and that I wanted to pitch him first before we went to anyone else, really. I went to Patrick and pitched him. Basically said, essentially, "Here's what we're thinking, in terms of valuation. I'd like to have you specifically [00:03:00] on the board. I'd like Arthur Ventures specifically to be the lead investor, if you guys are down for this. If you're not, no problem. We'll go to the coast or maybe we'll look here internally, but we really, really want this to be you." The backstory there is I served on the board of Leadpages, and I'm still on board of Leadpages with Patrick for around five years. I knew that we were aligned. [00:03:30] The philosophy here is that I've seen a lot of VCs claim to do value-added things. I think in some cases it's possible, and it can happen, but that narrative has really been blown up around VCs doing intros, and helping you hire, and doing marketing stuff for you or in some cases, building software. I just, I think it's really [00:04:00] hard to actually realize that value in a lot of cases. I heard it was a famous Israeli VC talking about how when he first got started in crypto, he tried to do everything to help his portfolio companies. What he realized over time was that the companies that were going to make it, and that did make it, and that offered the biggest return or provided the biggest return didn't really need his help at all. [00:04:30] It was the companies that probably where the investment would go to zero or something similar, that ate up all his time. He got to the point where when he made an investment, he would just give the founder or whoever was leading the raise his card, and say, "Here's my number. You can call it. I probably won't answer, but just think of this as a money-only arrangement." [00:05:00] I actually think there's a lot of value in that. [transcript truncated due to character count restrictions] Website: https://nomics.com Crypto Market Data API: https://nomicsapi.com Personal Twitter: https://twitter.com/ClayCollins Company Twitter: https://twitter.com/NomicsFinance --- Support this podcast: https://anchor.fm/nomics/support

Note: This Episode of Flippening is Made Possible by Nomics' free Cryptocurrency and Bitcoin API.The Nomics API offers squeaky clean and normalized primary source cryptocurrency trade data offered through fast and modern endpoints. Instead of having to integrate with a bunch of exchange APIs of varying quality, you can get everything through one screaming fast firehose. If you’ve found that you or your developer has to spend too much time cleaning up and maintaining cryptoasset datasets, instead of identifying investing/trading opportunities . . . or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently, with top-notch support and SLAs, then check us out at Nomics.com. This is part 2 of my conversation with Ateet Ahluwalia.I really enjoyed the content from part 1 and I wanted to give you a second chance to hear from Ateet and tease the first episode.If you didn’t catch our previous episode, here’s some background: Ateet is Managing Director at CoVenture Crypto, and in a past life, he was a Macro Credit Trader at Barclays, a Macro Portfolio Manager at Bluecrest Capital, and a Credit Index Trader at Goldman Sachs.In part 1 of this two-part interview, we discussed quantitative crypto investing, the values of quantitative trading, why whatever idea you have must be quantified, and how Ateet's investment research during the Cyprus bailout led him to Bitcoin.In this, part 2 of our conversation, we play a fun lightning round game of over-rated / under-rated, discuss the impact that regulation is likely to have on the space, and take stock of the real impact that our community is having on the world.

Note: This Episode of Flippening is Made Possible by Nomics' free Cryptocurrency and Bitcoin API.The Nomics API offers squeaky clean and normalized primary source cryptocurrency trade data offered through fast and modern endpoints. Instead of having to integrate with a bunch of exchange APIs of varying quality, you can get everything through one screaming fast firehose. If you’ve found that you or your developer has to spend too much time cleaning up and maintaining cryptoasset datasets, instead of identifying investing/trading opportunities . . . or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently, with top-notch support and SLAs, then check us out at Nomics.com. My guest today is Ateet Ahluwalia, and this is part one of my conversation with him.Ateet is a Managing Director at CoVenture Crypto.Prior to CoVenture, Ateet was a Macro Credit Trader at Barclays, a Macro Portfolio Manager at BlueCrest Capital, and a Credit Index Trader at Goldman Sachs. Ateet is a trader’s trader and a quantitative investor through and through. He’s also one of the most disciplined thinkers in our space.I should note the one singular theme driving through this entire conversation is encapsulated by the phrase Ateet repeats over and over again, quote: “it’s all just a number on the screen”Ateet’s entry into the space is indicative of an industry that’s evolving past offering basic exposure to investors to an industry offering investors the ability to allocate capital behind particular pureplay strategies.

My guest this week helps me complete the first trilogy of guests on the podcast. His name is Nikhil Kalghatgi. Along with past guests Ali Hamed and Savneet Singh, Nikhil is a partner at the asset management firm CoVenture. If you liked those two conversations, you will love this one—it is somehow even more wide-ranging than the first two. Nikhil is the CEO of CoVenture Crypto, but he ended up there because of an overarching investing style that he calls moonshot investing, which we explore right from the start and in great detail. He is obsessed with productivity and happiness, and we spend a long time on those topics. One of the most interesting experiments I’ve heard about on the podcast is his Happiness project, for which he interviewed more than 100 of the wealthiest people in the world. The lessons he gleaned from those conversations are very helpful, and I won’t soon forget the lesson related to sacrifice. We also discuss asteroid mining, networking, shared experience, and philosophy. Oh and crypto currencies. Nikhil’s take on crypto has always been refreshing to me. In fact the first time I met him he was throwing cold water on a room full of enthusiastic crypto investors. Within crypto we discuss business opportunities, mining, and how new retail and institutional capital will affect the asset class.  Hash Power is presented by Fidelity Investments. Please enjoy this sparkling conversation with Nikhil Kalghatgi.   For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Show Notes 2:42 – (First Question) –  What moonshot investing is 4:41 – Creating sustainable differential investment advantage 9:30 – Assessing the market for moonshots 12:15 – Types of people suited for moonshots  13:42 – The Happiness Project 17:45 – Commonalities among successful people 25:15 – The importance of humor in life 17:16 – Recipe for a good joke 28:00 – The night Patrick and Nikhil met 29:17 – His perspective on the world of venture capital 33:26 – What did Nikhil learn from his time at SoftBank 34:52 – Craziest thing Nikhil has done 40:27 – What he took away from his time in military intelligence 46:10 – The idea of manufactured serendipity 47:13 – Nikhil’s approach to investing in cryptocurrency and what he finds interesting about it 53:23 – How Nikhil reconciles the excitement of crypto with the lack of tangible asset 58:10– The timeline of retail and institutional investors becoming more involved in crypto 1:02:43– Exploring their liquidity strategy 1:04:10 – What happens if regulators shut down the cryptomarkets 1:09:48– The role of miners in crypto and how that might change moving forward 1:10:43 – What is the frontier of crypto mining 1:12:31 – What’s the most compelling rabbit hole in crypto 1:16:23 – How would the original creators of crypto currency feel about the current state of the market 1:20:01 – What Nikhil sees as the value proposition for the whole ecosystem. 1:21:00 – Kindest thing anyone has done for Nikhil   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag