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

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Thoughts on Tokens

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

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