Sun is Out
As mentioned in my previous guide on surviving a bear market, this is a great to time for companies that are well-capitalized and/or looking to scale to hire. There have been massive layoffs from larger tech companies and companies that scaled too quickly during the bull market. Human capital that gets into crypto right now are passionate about the space and likely easier to retain. Depending on product roadmap, acquisitions may be the best strategy to scale/hire, especially when valuations are down and investors are still slower to deploy. Even funds that have raised capital recently, including Pantera Capital, are looking to hire.
You can take a look at our jobs board here which has positions at both Pantera and our portfolio companies.
One key question on whether a company is the right fit is the culture and one way to answer that question is to spend time with the people. Pantera will be traveling and hosting a series of events to bring together portfolio, investors, and community members.
Enjoy an evening at one of LA's best rooftop venues. Paul Veradittakit, Lauren Stephanian, Jonathan Gieg, Kyle Canchola and others from the Pantera team will be present! Drinks and hors d'oeuvres will be served.
Please register to request an invitation with location details. Capacity is limited!
Pantera will also be speaking and supporting Nearcon with the best and brightest minds in the ecosystem.
Get your tickets and info for the event here
If you will be in Lisbon around that time, feel free to ping us as we’ll be hosting some intimate gatherings.
- Paul Veradittakit
DISCLAIMER
Pantera Capital Puerto Rico Management, LP and its affiliates (“Pantera”) makes investments in crypto assets and in blockchain-related companies. Pantera and/or its affiliates or personnel may be an investor in, or have relationships or other business arrangements related to, certain instruments, companies and/or projects discussed herein. This article does not contain any advertisement for Pantera’s investment advisory services, or any other services or products, whether provided by Pantera or otherwise. The information and opinions presented in this article are solely those of Paul Veradittakit, and do not represent investment, legal, tax, financial, or any other form of, advice or recommendations. Neither Pantera nor Mr. Veradittakit is acting, or purports to act, as an investment adviser or in a fiduciary capacity with respect to any recipient of this paper. Information contained in this document is believed to be reliable, but no representation is made regarding such information’s fairness, correctness, accuracy, reasonableness or completeness. There is no obligation to update this document or to otherwise notify a reader if any matter stated statement or information contained here changes or subsequently is shown to be inaccurate. Nothing contained herein constitutes any representation or warranty as to future performance of any financial instrument or company. Opinions included here incorporate subjective judgments or may be based on incomplete information. This document does not constitute or contain an offer to sell or a solicitation to buy any securities or a recommendation to enter into any transaction, and no reliance should be placed on this document in making investment decisions.
DIGESTS
Most NFT Projects ‘Convey No Actual Ownership’: Galaxy Digital Research
NFTs giving token holders total ownership rights is an ambitious idea, one that's “a long way off,” Alex Thorn, head of research at Galaxy Digital, said on CoinDesk TV’s “First Mover.”
NEWS
Meta now lets you post NFTs and other digital collectibles to Facebook
Social media giant Meta now lets users include digital collectibles on Facebook.
Coinbase Gets Hold-Equivalent Rating From Barclays on Crypto Regulatory Risk
The headwinds are set to continue for the exchange, says the investment bank.
REGULATION
FBI issues recommendations for DeFi investors amid exploits
The US Federal Bureau of Investigation (FBI) issued new recommendations for DeFi investors on August 29, citing an uptick in criminals exploiting smart contracts.
Crypto Exchange FTX's CEO Visited White House Amid Regulatory Fight
Sam Bankman-Fried and FTX’s regulatory team met with White House policy advisor Charlotte Butash in May.
IN THE TWEETS
NEW PRODUCTS AND HOT DEALS
Web3 game developer Xterio raises $40 million in SAFT sale
Web3 game developer and publisher Xterio has raised $40 million at a $300 million valuation.
NFT Collective Proof Raises $50M in Funding Round Led by a16z
The funds will help the company launch its latest Moonbirds NFT collection and a social platform for NFT collectors.
LETS MEET UP
Los Angeles, September 1-6
NEARCON, Lisbon, September 11-14
Geneva, Switzerland, September 15-16
Bangkok, Thailand, September 22-23
Pantera Asia Blockchain Summit, Singapore, September 27
TOKEN2049, Singapore, September 28-30
Walks and coffee meetings in San Francisco throughout the year!
ABOUT ME
Hi, I’m Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing in blockchain companies and cryptocurrencies. I’ve been in the industry since 2014, and the firm invests in equity, early stage token projects, and liquid cryptocurrencies on exchanges. I focus on early-stage investments and share my thoughts on what’s going on in the industry in this weekly newsletter.