Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG.
Midas’ website: https://midas.app/
Follow Midas on Twitter https://x.com/midasrwa
Fabrice Grinda’s website: https://fabricegrinda.com/
Fabrice Grinda on Twitter https://x.com/fabricegrinda
Follow VanEck on Twitter https://twitter.com/vaneck_us
Follow Jack Farley on Twitter https://twitter.com/JackFarley96
Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance
Follow Blockworks on Twitter https://twitter.com/Blockworks_
__
Timestamps:
(00:00) Introduction
(00:54) How Fabrice Grinda Thinks About Macro
(05:19) Fabrice's Early Journey In VC During The Venture Capital Bust of 2000
(07:06) The VC Boom of 2020 & 2021
(11:24) Why Raising Too Much Money At Too High A Valuation Can Be A Big Problem (For Real)
(16:38) Layoffs In Tech While The Overall U.S. Job Market Has Been Strong In 2023 & 2024: How To Square This?
(19:18) The Biggest Risk Now Is Not Macroeconomic In Nature: It Is Geopolitical
(21:19) VanEck Ad
(21:59) Palantir and Anduril
(26:48) Why An Increasing Percentage of Grinda's Investments Are Now In The U.S.
(30:42) VC Tourists Who Got Smoked In 2022
(33:15) Have VC Valuations Bottomed? A Tale of Two Cities (AI & Non-AI)
(36:02) Fabrice's Journey Into Crypto
(39:29) Midas: Yield-Bearing Stablecoin That Can Actually Do Stuff On-Chain
(44:13) The Crypto Basis Trade & mBasis
(47:50) Tether and Circle
(49:41) Midas' Decision To Be Regulatory Compliant In Europe (And Not The U.S.)
(51:44) The U.S. Regulatory Crackdown on Crypto Has Been Hardcore
(53:17) Bankruptcy Remoteness In Crypto Is Rare
(57:27) Are Onchain Treasury Bills Still Zero Coupon?
(58:32) Fabrice's Longer-Term Vision For Midas
(59:49) Fabrice's Views On Payment Rails Such as MasterCard, Visa, etc.
(01:04:27) FedNow
(01:07:29) How Did The Fall of Silicon Valley Bank (SVB) Impact The Venture Capital (VC) Ecosystem?
(01:14:35) Additional Thoughts On Macro and Recession Risk
(01:17:45) State of AI VC Market In 2024
(01:24:50) Self-Driving Tech
(01:27:12) Who Will Be The Biggest Long-Term Winners From AI?
__
Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
View all episodes
By Blockworks
4.6
238238 ratings
Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG.
Midas’ website: https://midas.app/
Follow Midas on Twitter https://x.com/midasrwa
Fabrice Grinda’s website: https://fabricegrinda.com/
Fabrice Grinda on Twitter https://x.com/fabricegrinda
Follow VanEck on Twitter https://twitter.com/vaneck_us
Follow Jack Farley on Twitter https://twitter.com/JackFarley96
Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance
Follow Blockworks on Twitter https://twitter.com/Blockworks_
__
Timestamps:
(00:00) Introduction
(00:54) How Fabrice Grinda Thinks About Macro
(05:19) Fabrice's Early Journey In VC During The Venture Capital Bust of 2000
(07:06) The VC Boom of 2020 & 2021
(11:24) Why Raising Too Much Money At Too High A Valuation Can Be A Big Problem (For Real)
(16:38) Layoffs In Tech While The Overall U.S. Job Market Has Been Strong In 2023 & 2024: How To Square This?
(19:18) The Biggest Risk Now Is Not Macroeconomic In Nature: It Is Geopolitical
(21:19) VanEck Ad
(21:59) Palantir and Anduril
(26:48) Why An Increasing Percentage of Grinda's Investments Are Now In The U.S.
(30:42) VC Tourists Who Got Smoked In 2022
(33:15) Have VC Valuations Bottomed? A Tale of Two Cities (AI & Non-AI)
(36:02) Fabrice's Journey Into Crypto
(39:29) Midas: Yield-Bearing Stablecoin That Can Actually Do Stuff On-Chain
(44:13) The Crypto Basis Trade & mBasis
(47:50) Tether and Circle
(49:41) Midas' Decision To Be Regulatory Compliant In Europe (And Not The U.S.)
(51:44) The U.S. Regulatory Crackdown on Crypto Has Been Hardcore
(53:17) Bankruptcy Remoteness In Crypto Is Rare
(57:27) Are Onchain Treasury Bills Still Zero Coupon?
(58:32) Fabrice's Longer-Term Vision For Midas
(59:49) Fabrice's Views On Payment Rails Such as MasterCard, Visa, etc.
(01:04:27) FedNow
(01:07:29) How Did The Fall of Silicon Valley Bank (SVB) Impact The Venture Capital (VC) Ecosystem?
(01:14:35) Additional Thoughts On Macro and Recession Risk
(01:17:45) State of AI VC Market In 2024
(01:24:50) Self-Driving Tech
(01:27:12) Who Will Be The Biggest Long-Term Winners From AI?
__
Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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