Welcome back to The Gwart Show! Today, Smac, partner at Compound VC, joins us to talk about why stablecoins have become the dominant crypto narrative despite being “boring fintech,” DePIN opportunities in energy and water networks, venture capital market structure issues with massive fund sizes, the lack of creativity in crypto development, and why most social crypto apps are features not companies.
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Notes:
• Compound VC focuses on pre-seed/seed stage investments
• $100M checks at $3B valuations more like growth investing
• Stablecoins captured outsized narrative due to lack of innovation
• Virtual power plants represent distributed energy networks
• Crypto needs more non-crypto native talent for creativity
