The Delphi Podcast

Crypto Venture Capital Series Ep. 5: Santiago Santos of Parafi Capital


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The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy sits down with Santiago Santos, General Partner at Parafi Capital, an alternative investment firm focused on blockchain and decentralized finance markets. The two discuss game theory, psychology in crypto, finding that fund-returning play, and more.

We would like to thank our sponsors for making this podcast possible.

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Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to gain exclusive early access to every new interview before it's published.

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Show Notes:

(2:33)- First Question: Santiago's Background and Parafi Capital overview.

(4:04)- How Santiago allocates his time for projects.

(11:02) - Getting buy-in for a project post-investment.

(12:55) - Sizing up the founding team quantitatively and qualitatively.

(15:58) - How retail investors get comfortable without access to the core team.

(26:28) - Concentration vs. Diversification.

(28:45) - Investing in themes.

(34:15) - Copying and pasting old things that worked vs. actually having a new idea.

(36:25) - Making bets on other L1s despite existing L1s.

(46:26) - Token incentives from an investor and user perspective.

(53:04) - Santiago's process for working with a team.

(58:56) - Skepticism when doing due diligence on a project.

(1:01:16) - Santiago's best advice.

(1:03:56) - The best advice Santiago's ever gotten.

(1:11:08) - Plays that changed Santiago's life / the world / someone else's life.

(1:17:02) - Santiago's favorite book on game theory.

Resources:

  • Santiago Santos: General Partner, Parafi Capital
  • Parafi Capital Website
  • 2020 Interview with Santiago and Ben Forman
  • More

    • Our Video interviews Can Be Viewed Here: https://www.youtube.com/channel/UC9Yy99ZlQIX9-PdG_xHj43Q
  • Access Delphi's Research Here: https://www.delphidigital.io/
  • Disclosures: This podcast is strictly informational and

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