Header logo
  1. Research
  2. Miscellaneous

Crypto Event Summary - Avalanche House

Jul 18, 2022 • 5 Min Read
Author
Walter Teng, CFA
Walter Teng, CFA AC

Over Friday and Saturday last week, Avalanche Labs put on their second edition of ‘Avalanche House’ in Brooklyn (with the first one in Berlin). The team attended Friday afternoon’s session as outlined below and shared the following notes and perspectives from the panelists.

The video in this report is only accessible to members
  1. Strategic Fundraising During a Bear Market
    Lydia Chiu (Ava Labs), Tom Schmidt (Dragonfly Capital), Nina Bambysheva (Forbes), Travis Scher (North Island Ventures)
The funding environment has tightened considerably, allowing VCs to do due diligence on deals. This is in contrast to bull markets where VCs had days or sometimes hours to issue term sheets.Advice to founders: ‘Heads down and build, cut unnecessary expenses.’Focus on a particular vector for growth and lean in. Projects that have a product should go to market with marketing spend. Startups that don’t have a full-fledged product should hire essential developers and stay lean. Those who attempt to do both will fail.Recipe for success: ‘Build features, iterate, test.’ Tom draws from his product experience from 0x of shipping and iterating through features and products during bear markets.This focus on what features added the most value to crypto-native users throughout the ‘18 t...

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Already a member?

;

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 3/3

🎁 Unlock 2 extra articles by joining our Community!

You’ve reached your limit of 3 free monthly articles. Please enter your email to unlock 2 more articles.

Already have an account? Sign In

Reports you haven't read

Bitcoin has a shot at $100,000 in ‘everything rally’ that sweeps up stock market, Fundstrat’s Tom Lee predicts

We are writing to update our clients on the events of this past weekend and highlight a few data points we will be keeping an eye on moving forward into the next couple of weeks. On Friday, December 3rd, over $2 billion in long positions across the global crypto market were liquidated, nearly $850 million of which were from BTC futures.Almost $500 billion in total market value was wiped from the...

Bitcoin Is A New Concept Of Virtual Money, The Graphics And Digital Background. Coins With The Image Of The Letter B.

Crypto markets sell-off following regulatory news out of China, as the PBoC released a document laying out its intentions for stricter regulation and enforcement measures on crypto.This is not the first time China has “banned” crypto (and probably won’t be the last). Historical price movement post-ban is mixed.This news might serve as an alternate explanation for some of the outsized volume from Asian exchanges earlier in the week.$38,000 appears to...

As shown below, Bitcoin's forward performance is far stronger when it is trading above its 200D moving average: >200D, 6M forward return    +193% <200D, 6M forward return       +10% You get the picture, Bitcoin is a network effect/network value asset, and also apparently aided by price momentum. _STRATEGY: BUY BITCOIN OR BUY CRYPTO EQUITIES_ The associated action for Rule #3 is simple. - go long _WHY IS THIS...

BTC ETH MOGO MSTR RIOT SI VYGVF
2020 thoughts --> EPS +10% + P/E flat (even upside) = S&P 500 > 3,450 and maybe 3,500-3,600

But unlike past weekends, Bitcoin barely responded to these headlines (see below).  In fact, Bitcoin is indeed flat/rising over the long weekend: - at 4pm ET Friday (5/28), Bitcoin was ~$34,900 - at 3:50pm ET Sunday (5/30) when FT story "broke" Bitcoin was ~$36,000 - as of this writing at 4:30pm ET (5/31), Bitcoin is $36,900, +$900 vs FT headline In other words, despite another set of "negative headlines" Bitcoin...