We explore incentive structures in crypto and Web3. We’re joined by Rennick Palley, Founder and CEO of Stratos. We cover SPACs as the activist investing tool of the future, exploring crypto and protocols built on top of Ethereum, and how Stratos helps DeFi protocols launch new markets.
“If there's one innovation in crypto, it's incentive structures that actually drive people to do things that benefit the whole. That is so huge. But these automated market makers create liquidity for the long tail. And so if everything is suddenly liquid, what happens there? What are the emergent results?” – Rennick Palley
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscrivner.com/notes/rennick-palley2-outliers-show-notes
FULL TEXT TRANSCRIPT
https://www.danielscrivner.com/notes/rennick-palley2-outliers-transcript
CHAPTERS
This episode is our definitive guide to incentive structures in crypto and Web3. In it we cover:
(00:00:00) – Introduction
(00:01:54) – What’s next for Stratos Technologies
(00:06:12) – Why SPACs are the activist investing tool of the future
(00:09:11) – What the youngest generation of investors want to invest in
(00:11:28) – How SPACs can play by different rules when telling their story
(00:19:03) – Exploring crypto and protocols built on top of Ethereum
(00:28:51) – How Stratos helps DeFi protocols launch new markets
ABOUT RENNICK PALLEY AND STRATOS
Rennick Palley is the Managing Partner and Chief Investment Officer at Stratos Technologies. Since founding Stratos in 2016, Rennick has led over $250 million in venture debt financing for companies like Dave, Tala, Resy, and ClearBank. Before founding Stratos, Rennick worked as a research associate at Sanders Capital, the 40 billion global equity manager founded by Lewis Sanders, formerly Chairman and CEO of AllianceBernstein. Rennick holds a bachelor's of science in applied mathematics as well as mechanical engineering, and he also has a master's in quantitative finance from MIT.
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ABOUT DANIEL SCRIVNER
Outlier Academy is hosted by Daniel Scrivner. Over the last 15 years, Daniel has led design teams at Square and Apple, turned around a $3M+ ARR SaaS business, and invested in more than 100 companies. He launched Outlier Academy in 2020 to learn from the world’s best founders, investors, authors, and peak performance experts.
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