Posts in ICO / IEO
eToro CEO Yoni Assia on the purpose of investing, crypto assets, and building a $10B fintech

In this conversation, we talk all things capital markets and investing with Yoni Assia, the founder and CEO of eToro, one of the fastest-growing and largest global digital investing companies, brokerages, and applications out there.

More specifically, we discuss the eating habits of Warren Buffet, community-driven investment challenging incumbent investing practices, the purposes of investing and trading, of financial health, of investment education, of gamification of investment strategy, of capital markets and GameStop and the connection between capital, memes and fashion, and finally machine learning’s influence of investment behaviour.

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Inspiring creativity, collaboration, and visual conversation by harnessing decentralized tech, with Beatriz Helena Ramos of DADA.art

In this conversation, we talk with Beatriz Helena Ramos – artist, entrepreneur, film director, producer and illustrator – the mind behind DADA.art. DADA is “a space where everything is about cooperation and solidarity, which are amazing ways to allow self-expression, as well as constant inspiration. Additionally, we provide simple tools to encourage creativity, and erase intimidation.”

More specifically, we discuss Beatriz’s journey to creating DADA, decentralized power structures, community-inspired creative collaboration, assymetric rewards in NFT markets driving new value distribution methodologies, DADA’s latest project called “The Invisible Economy”, and technology-inspired and centric approaches to empower artists in the future.

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Mergers and Acquisitions in open-source Decentralized Finance, and its $5 billion market capitalization

This week, we look at:

  • M&A in decentralized finance, focusing on the Yearn protocol and its targets Pickle, Cream, Akropolis

  • The motivations behind such M&A, and where economic value collects

  • The importance of community and security, creating increasing returns to scale

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Decentralized Finance 101 with Kerman Kohli

In this conversation, we go through the essentials of Decentralized Finance with Kerman Kohli, who is a serial entrepreneur and the writer of the DeFi Weekly newsletter. We discuss the mechanics of issuing stablecoins, decentralized lending, decentralized exchange, automated market makers, and the increasing complexity of synthetic assets that have grown the sector to nearly $7 billion in August of 2020.

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Why Fintech Venture Capital firms are not returning your calls and emails

We look at why venture capital investors are slowing down, and the dynamics of how their portfolios work under duress. We talk about the incentives of limited partners to derisk exposure, the implication that has on cash reserves, new deals, and fundraising. We also touch on how the various Fintech themes are responding to an increase in digital interaction while seeing fundamental economic challenges. Shrewd competitors will be able to consolidate their positions and gain share during the crisis, but that will have to come from the balance sheet, not intermittent growth equity checks.

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Top 5 Decentralized Finance predictions for 2020 and beyond

In the long take this week, I revisit decentralized finance, providing both an overview and 2019 update. The meat of the writing is the following long-range predictions for the space in the next decade -- (1) the role of Fintech champions like Revolut and Robinhood as it relates to DeFi, (2) increasing systemic correlation and self-reference in the space, which requires emerging metrics for risk and transparency, and (3) the potential for national services like Social Security and student lending to run on DeFi infrastucture, (4) the promise of pulling real assets into DeFi smart contracts and earning staking rewards, and (5) continued importance of trying to bridge into Bitcoin. Here's to an outlandish 2020!

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Shifting from Institutions to Retail Clients -- NYSE direct listings and Central Bank digital currencies

I look at the similarities between the NYSE building out direct listing products to augment or replace IPOs, and Central Banks considering launching consumer-facing digital currencies. In each case, the value chain of the respective financial sector is compressing, as the underlying manufacturers of financial product move closer to the consumer. I also highlight how a few blockchain-native alternatives to trading and rebalancing software are developing, and the reasons to get excited about things like Set, Uniswap, and Aragon.

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The political limits of commerce -- Telegram's $1.7B US offering and NBA's $1.5B China deal

I look at the boundaries that Telegram and EOS have crashed into in the US with recent SEC actions and lawsuits, and the melting of Facebook Libra. There have been a number of interesting regulatory moves recently, and the positive headlines of 2017 have become the negative headlines of 2019. How does SEC jurisdiction reach foreign institutional investors? We also touch on the $1.5 billion NBA distribution deal now on the fence in China, and how US companies are under the speech jurisdiction of a foreign nation. How does China reach American protected speech? Through pressure, boycott, and economics.

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The Ethics of $2B Lemonade, $100B Softbank Visions, and $500MM of Binance IEOs

I've been seeing a lot of Fintech headlines recently that make me raise my hands in the air, and go "Come on, are you for real!?". I imagine a lot of people feel similarly frustrated by Lemonade looking to go public at a $2 billion valuation on $50 million of revenue, Initial Exchange Offerings on crypto exchanges raising over $500 million this year, Facebook's tone deaf Silicon Valley club crypto money, or SoftBank talking about selling its overpriced $100 billion Fintech unicorn fund in an IPO. So other than getting crankier with age (Happy Father's day everyone!), I want to dig a little bit into the concept of fairness, asymmetric information, economic rents, and how this can help disentangle feelings from thoughts on these news items.

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