My Bull Thesis on Ethereum, Bitcoin and Coinbase w/ Garry Tan (Ep. 351)

I’m joined by Garry Tan, co-founder of Initialized Capital. Previously he was a co-founder of Posterous and Posthaven, and a partner at YCombinator. Garry Tan on Twitter, https://twitter.com/garrytan https://www.youtube.com/user/rantfoil Garry Tan interview of Brian Armstrong Coinbase CEO, https://www.youtube.com/watch?v=UpbGbKQsTjc Timestamps: 00:00 - Introduction 00:39 - Why YouTube? 3:07 - Coinbase investment bull thesis, growth of DeFi, decentralized autonomous organizations 12:05 - Bitcoin & Ethereum competitive advantage, Solana 17:57 - Hacker News bias 21:20 - Unique breed of crypto developers 23:30 - Ethereum to $10,000? 24:22 - How to value Ethereum? 26:35 - Ethereum killers? ADA, Polkadot, Solana, Tezos, Dfinity/ICP 28:15 - Great Twitter and YouTube accounts 29:10 - Why continue to invest? 34:43 - How much capital do you manage? 35:30 - Role of geography in investing success 38:25 - Key insight in investing 44:25 - How to pick the winners before product-market fit? 49:30 - Expectations on returns 51:30 - Conclusion Social 🐦 Twitter https://mobile.twitter.com/heydave7 🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991 🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg 📸 Instagram https://www.instagram.com/heydave7 Dave Lee on Parenting, https://www.youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA 💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA, LMND, SQ, and other stocks at time of original video publish date. Buying a Tesla? 🚗 Car: Use my referral link to receive 1,000 free Supercharger miles with the purchase of a new Tesla. http://ts.la/david7556 ☀️ Solar: You’ll get $100, I’ll get $500 for a new install of a Tesla solar system. http://ts.la/david7556 Videos: Tesla ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QkDHJ5hbv5rMvpRse9C-re SpaceX Starlink ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QrcuyoiO1tjQs_yzer72EI Square ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9Q3PIw2JOQr4qoL_fSrIZA7 Lemonade ONLY Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9StEd21tlQBndopSTek8iAZ Company Analysis Videos: https://www.youtube.com/playlist?list=PLfibpgBinf9QMjeqM7he4G7FLhI88ZXdo Interviews: https://www.youtube.com/playlist?list=PLfibpgBinf9QdC6pEaycZvv3pGyvEbO8P Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768 Subscribe to Dave Lee on Investing on Soundwise