Losing Alpha: Why Most New Crypto Funds Are a Sh*t Deal

In this episode featuring Ryan Selkis, you will learn:

Why starting a crypto hedge fund seem like such an attractive pitch including the potential for outsized returns, a steep learning curve, and lack of yield on more traditional investment categories
Why simply outperforming a Bitcoin and Ethereum portfolio over the next 10 years will require ballsy assumptions
Why some tokens could require billions of dollars in capital inflows over the coming years simply to maintain their current token prices
How government intervention — including an SEC crackdown — could influence liquidity and token prices

Stock Options vs Protocol Tokens

In this episode featuring entrepreneur and designer Richard Burton, you’ll learn:

The basics of stock option equity packages commonly used as financial incentives for startup employees
Why stock options can be “golden handcuffs” for employees
How misunderstanding small details of your stock option incentive package can cost you millions
Why ‘protocol equity’ potentially offers a better compensation outcome for talent
How protocol equity shines in areas where stock option compensation does not

In this episode featuring 21 Co-Founder and a16z Partner Balaji Srinivasan, you’ll learn:

The basics of what a digital token is, how various tokens differ from each other, and why tokens have surged in interest lately
Why tokens have only recently become possible due to years of digital currency infrastructure
What exactly you receive or hold rights to when you purchase a digital token
Why tokens are such a compelling alternative to traditional financing
How token models enable fundamentally new types of business models that could power the next wave of internet companies