April 05, 2024

Why This Crypto Bull Run Is and Is Not Different

1 hour 16 minutes

Marc Weinstein is a Partner at Mechanism Capital.

In this episode, we discuss why this time is and is not different, as it relates to the crypto bull run. Marc shares what keeps him up at night as an early stage venture investor but also as a retail trader. According to him, we are all retail traders! As one of the more relatable investors, he is able to break down a number of observations and hypotheses related to founders, memecoins, speculation, L2s, and inflated private market valuations this cycle.

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Timestamps

0:00 - Intro

5:30 - Marc's background

13:12 - Where are we this cycle?

19:10 - Top signals

25:52 - L1 rotators last cycle vs this time

28:25 - Attention dispersion with new L2s / L1s

29:27 - Speculation, memecoins, and nihilism

34:09 - Principles for bull run investors

38:42 - Structuring deals and sizing

41:26 - Vesting schedules

46:36 - Tokens vs equity and why FDV matters

52:11 - Venture rounds are overpriced

56:11 - Ways to get liquidity as a VC

1:00:20 - Balancing long term investing vs short term bubbles

1:12:27 - Closing

1:13:14 - Thoughts on Bitcoin L2s and Web3 gaming

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🔗 Guest Links 🔗

► Mechanism Website: https://www.mechanism.capital/

► Mechanism on Twitter: https://twitter.com/MechanismCap

► Marc on Twitter: https://twitter.com/WarcMeinstein

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If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

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