Thread by @ramraiding

Below are notes for @Shaughnessy119's Crypto Venture Capital Series Ep 1, featuring @Arthur_0x from @DeFianceCapital

Learn about Defiance's investment thesis, red flags, biggest misses + more 📖🦍🚨

1/ "DeFi will eat traditional finance for the next decade"

2/ "...after spending some time in the space, you kind of develop some heuristics as well to help you spend a better time to filter out something that's not even worth looking"

3/ "You just have to accept that there'll be some plays that you miss"

4/ "...there’s no formula around it. And you want to get to the sweet spot that you have a few backers that all of them have sufficient skin in the game to really help you out"

5/ "...given the pace of crypto, managing one is tough enough. Managing more than one, two, or three is just naturally going to lead to a split in resources and attention"

6/ "...throughout the tough conditions, the team never gave up... the team just had the grit and tenacity to persist through a tough market condition. This is where I keep sizing on my investment as well"

7/ "...before the founder decides to take a more hands-off approach, he needs to cultivate a various knowledgeable and a strong community that can partially take over his task. It doesn’t have to be one person, it can be a group of people"

8/ "...it makes sense to be fairly concentrated because you get the dispersion of return when it’s going up. But when going down, it’s all the same anyway"

9/ "You need to have a very good balance between absorbing the info the market is giving you, but not being carried away by the current emotion of the market"""

10/ "Even you’re super bearish, it still makes sense to maintain some exposure in case there are some positive elements that surprise the market"

11/ "...DeFi is the alternative way of managing your finance, on a personal level or the corporate or institutional level. It’s a different reality that is being presented. Whether it will succeed or not, I think there’s a very high chance it will, but I wouldn’t say it’s 100%"

12/ "I think they are actually taking a pretty hostile approach to all the things that are not under their control right now. Crypto is only part of the extension"

13/ "...when it comes to the biggest miss, I would have to say is probably LUNA. I think that it’s actually interesting. LUNA is something that we actually invested in, but I think we lost a bit of patience with the progress"

end/ "You have to adjust to the new reality the market is telling you. If you're willing to pay attention, the data is there for you to decipher and analyze it. The data is public and free, actually. You just need to find the right tool to analyze them"

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