In this episode of the Fundamentals podcast, we’re joined by James and Vincent, the founders of Modular Capital – a crypto investment firm with a fundamental and thesis-driven approach.

In this episode, we discuss Modular Capital, their investment strategy, the underwriting process, and how they work with the projects they invest in.

We discuss what makes crypto interesting, and what the most common misconceptions are that traditional investors have about the asset class. We speak about the pros and cons of liquid venture, the role that data plays as part of the investment process, and walk through some case examples of investments Modular has made. Finally, we discuss what developments James and Vincent are most excited about in crypto right now. Tune in for a great discussion about the fundamentals of crypto.

Modular Capital:
Site: https://www.modularcapital.xyz/
Twitter: https://twitter.com/Modular_Capital
James: https://twitter.com/jamesjho_
Vincent: https://twitter.com/vincentjow_

Make sure to leave a comment if you have any questions 🙌

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Timestamps:
00:00 Introduction
01:10 First impressions of Base
04:10 James' introduction & background
06:13 Vincent's introduction & background
07:38 Overview of Modular Capital
10:51 The problem that Modular Capital solves for investors 
12:10 What makes crypto interesting from an investor's point of view?
17:38 Biggest misconceptions that traditional investors have about crypto
20:36 Traditional vs. liquid venture: pros and cons
25:34 Is liquid venture more resource intensive?
29:28 What do fundamentals mean in crypto?
31:00 Modular Capital's investment underwriting process
33:15 Data's role in the underwriting process & what metrics does Modular focus on
38:03 Case: dYdX
43:47 Case: Across
47:24 How does Modular work with the projects they invest in?
49:40 What trends or market sectors currently stand out?
56:42 The biggest challenges that funds face in crypto today


Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.

The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.

The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.

None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

#Fundamentals #ModularCapital #Blockchain #Crypto #TokenTerminal

Modular Capital – Crypto investment firm with a fundamental and thesis-driven approach | ep.67

In this episode of the Fundamentals podcast, we’re joined by Evan Fisher, the founder of Portal Ventures – a fund that is accelerating the protocol economy through business fundamentals.

Portal Ventures identifies and supports crypto businesses that will define the next generation of our economy. They advise on strategy, roadmap, go-to-market, value capture, fundraising, and more.

In this episode with Evan, we discuss Portal Venture, their investment strategy, and how they work with the projects they invest in. We cover what makes crypto interesting, and what the most common misconceptions are that traditional investors have about the asset class. 

We also break down the pros and cons of liquid venture, discuss crypto business models, and speak about whether crypto projects are software or marketplace businesses. Finally, Evan shared what he is most excited about in crypto right now. Tune in for a great discussion about the fundamentals of the protocol economy.


Portal Ventures:
Site: https://portal.vc/
X (Twitter): https://twitter.com/PortalVentures
Evan: https://twitter.com/evanbfish


Explore market sectors, metrics, project dashboards, financial statements, trending contracts, and more: https://tokenterminal.com/terminal


Make sure to leave a comment if you have any questions 🙌


📊 Token Terminal platform: 
► https://www.tokenterminal.com/
-----------------------------------------
💬 Join our Discord: 
►  https://discord.com/invite/tokenterminal
-----------------------------------------
📱 Follow us on Twitter:
► https://twitter.com/tokenterminal
-----------------------------------------
📩 Subscribe to our Newsletter:
► https://tokenterminal.com/resources
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Timestamps:
00:00 Introduction
00:58 Evan’s introduction & background
02:53 Overview of Portal Ventures
05:12 The problem that Portal Ventures solves for investors
07:40 Is Ethereum a marketplace or a software business?
10:10 The biggest misconceptions that traditional investors have about crypto
13:28 Crypto business models & how does Evan approach valuing early-stage projects that don’t yet have cashflows?
15:27 The pros and cons of liquid venture
18:24 Portal Ventures’ investment underwriting process: sourcing, diligence, decision-making
22:06 What stage does Portal Ventures invest at?
23:25 Does every investment need to be able to theoretically return the fund?
25:30 How does Portal Ventures utilize data?
27:41 How does Portal Ventures work with the projects they invest in?
31:22 A need for more non-technologists in crypto
32:03 Investment case: Blueprint (Concrete)
35:10 What is Evan most excited about in crypto right now?
37:30 The biggest challenge that funds face in this space today

…

Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.

The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.

The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.

None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

#Fundamentals #PortalVentures #Crypto #TokenTerminal

Token Terminal Transcript on Youtube

Modular Capital – Crypto investment firm with a fundamental and thesis-driven approach | ep.67

Portal Ventures – Accelerating the protocol economy through business fundamentals | ep.66