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  • I think you break down your fund into three areas digital asset ecosystem Gateways which are kind of like your investments and cracking it toro who will be Mercado, Bitcoin next generation financial services like dara bit figure and mocha brands and then Blockchain infrastructure companies like Bit fury, ledger, helium figment prime test.

  • I'm sure I'm missing some of them.

  • But that's that's kind of your thinking on that, is that about right?

  • Yeah, I mean we've already deployed 90% of the capital for the first two funds which is originally, I mean I apologize to my, you know, LPS but originally we were going to invest the money over 12 to 24 month period.

  • You know, that was those are the terms that we laid out in early 2020 again we were supposed to launch in april of 20 but then Covid hit and we were way late for four months And actually we didn't really launch until December of 20 January 21.

  • And so um I had not thought that we were going to invest over $700 million 10 times revenue for any of the businesses that we own.

  • We've been very disciplined.

  • Um you know, we passed on companies that we like, we like F.

  • T.

  • X.

  • We like Paksas, we like block fi But they raised it, you know 2025 times revenue at big valuation numbers and frankly, you know when we go into investment into an investment, we we want to think at least that we can make 5 to 10 times our money.

  • And when you're investing in something at a $25 billion valuation It's just hard for it to go, it's harder for it to go to 250 versus investing in something at 600 million, that's going to go to six billion.

  • Um And so we pass on on those investments.

  • Um they're great investments, we think they're going to go up in value, but we really sort of stick to our knitting in our evaluation framework Um because, you know, we want to have a portfolio that that can that can go up five and 10 times.

  • So, wow.

I think you break down your fund into three areas digital asset ecosystem Gateways which are kind of like your investments and cracking it toro who will be Mercado, Bitcoin next generation financial services like dara bit figure and mocha brands and then Blockchain infrastructure companies like Bit fury, ledger, helium figment prime test.

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A2 valuation portfolio revenue originally launch investing

"I want a portfolio that can grow 10x." - Dan Tapiero

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    林宜悉 posted on 2021/12/05
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