Multicoin Capital: An Update From the Thesis-Driven Investment Firm

Multicoin Capital is a thesis-driven investment firm that invests in the crypto space. They manage a hedge fund and a venture fund, investing across both public and private markets. Since their founding in 2017, they have become known for their high returns.

We were joined by founders Kyle Samani and Tushar Jain, for Multicoin's third visit on the show, to chat about how they came together to form Multicoin, their current investment thesis and how it has evolved, and the road ahead in the blockchain ecosystem.

Topics:

• Tushar and Kyle's backgrounds and what led to Multicoin
• Why did they choose to create an investing company?
• Their current investment thesis and how it has evolved
• Multicoin's decision to not invest in certain lucrative projects
• How they chose what to invest in
• The Proof of Physical Work thesis
• The process of how they select an investment and the strategy behind their portfolio
• Projects they regret not investing in
• A prediction of how the blockchain ecosystem will look in three years
• Dominance of DeFi

Links:

• Episode 361 with Kyle
• Episode 223 with Kyle and Tushar
• Protocols dont capture value, DAOs manage risk - thesis
• Multicoin on Twitter