It has been dubbed "one of the best venture investments of all time" by Packy McCormick, generating over a 4000X return in 3-and-a-half years. Today, we are talking with Chris McCann and Edith Yeung, the earliest investors in Solana, and partners at Race Capital. They also unbelievably were the earliest investors in FTX and started Race Capital in the midst of crypto winter!
On this episode, we talk with Edith and Chris about the stories behind both of those investments and their views on what's next in crypto from their vantage point in the center of the ecosystem.
Links:
- The Generalist's FTX piece with Race Capital's Public Investment Memo
- Picture: Chris and Edith with Jihan Wu, Founder of Bitmain
- Picture: Edith with Anatoly (Solana founder) and Min Kim (ICON co-founder)
Sponsors:
Kindergarten Ventures’ Vanta investment, and building a new Strategy for Venture (with Thomas McGannon)
Reinsurance, Climate + Kindergarten Ventures (with Nat Manning)
The 2022 State of Crypto + Web3 with Solana's Austin Federa
Dissecting ProfitWell's Acquisition (with Patrick Campbell)
David Interviewed on "Unlimited Partners"
Travel for the Creator Economy
Reverse Interview: Ben and David at Vanta
Composer (with CEO Benjamin Rollert)
TradFi vs. Crypto, Explaining BNPL, and What's Next in Fintech (with Bain Capital Ventures' Christina Melas-Kyriazi)
Ben and David on "Capital Allocators"
10-K Diver: Building a Top Fintwit Account and Teaching Finance Principles to Everyone (Pseudonymously!)
NZS Capital Part II: What’s Going on in Today’s Markets? (Plus more Semiconductors!)
Italic & a New Era of Online Retail
2021 Recap: Acquired x Not Boring x The Generalist
Mission-Driven Founders, Global Investing, and Canva (with Wesley Chan)
Blue Origin and the 2021 Space Landscape (with Rob Meyerson)
Ben and David on "This Week in Startups" Holiday Special
Joseph Gordon-Levitt: A Fireside Chat
Update on Dad Life, MacBook Pros, and Acquired Video
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