The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy sits down with Arthur Cheong, founder & portfolio manager at DeFiance Capital, Asia's largest DeFi focused crypto fund. The two discuss biggest wins and losses, effective due diligence, traits of successful crypto communities, and more.
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(1:50) First Question: Arthur’s Intro and What is DeFiance Capital.
(2:17) How long have been the fund around / how many deals have DeFiance done at a high level focus on tokens or equities.
(2:48) How DeFiance works.
(8:12) How Arthur draws the line on new areas to invest in.
(12:30) Differences between traditional venture investing and VC in crypto.
(19:36) Founders / How Arthur sizes up founders /red flags that avoid investing in a founder / anonymous founders.
(31:04) Arthur’s thoughts on founders giving up control to the community.
(33:26) Concentration versus diversification.
(40:53) How Arthur allocates his time to funds or projects.
(43:46) The best advice Arthur’s ever gotten from a crypto founder / the best advice that Arthur’s ever given someone on crypto.
(46:45) How much cash Arthur has in the fund and what he thinks about it.
(48:41) Arthur’s thoughts on global markets and how it affects crypto.
(51:59) Arthur’s thoughts on a situation where governments take a very aggressive stance against crypto.
(55:00) What was Arthur biggest loss, why did he miss it, and what is he going to do for the future so it doesn’t happen again.
(58:36) Arthur’s thoughts on invest in the L1s.
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Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed here.
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