Tushar Jain joins us to discuss how he identifies crypto applications that both create AND Tushar Jain joins us to discuss how he identifies crypto applications that create AND capture value. Tushar co-founded Multicoin Capital and is one of the most prolific investors in the space, known for his contrarian [and often correct] theses. In this episode, we cover Solana's rise from the ashes, how L1s accrue value, what crypto metrics matter, Solana's consumer chain narrative, the DePIN opportunity and more!
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Timestamps
(00:00) Introduction (01:31) The Solana Thesis
(06:37) Internet Native Money and L1 Value Accrual
(12:28) Qualities of an Investable Application
(18:45) DePIN and New Methods of Token Distribution
(25:14) Why TVL is a Harmful Metric
(28:44) Solana’s Consumer Chain Narrative
(32:09) DAS London Plug
(33:18) Metrics That Matter
(44:07) Solana’s Decentralization
(47:41) Bitcoin's Problem
(55:00) Attention is Everything
(57:42) What’s Your North Star?
(59:51) Rapid Fire
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Resources
Multicoin
Multicoin Summit 2023 Videos
https://multicoin.capital/2023/10/06/discussions-from-the-2023-multicoin-summit/
The Techn-Optimist Manifesto
https://a16z.com/the-techno-optimist-manifesto/
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Disclaimers:
Although our guests this week are managing partners of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin’s investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice.
Lightspeed was kickstarted by a grant from the Solana Foundation.
Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.