We know it's early right, we know it's difficult to call we don't have a
crystal ball but we just got to stay in the game.
We are going to see Tim, the Ikigai
have you seen Charles's shirt he's wearing today look at this
hey guys how are you
Hello Tim , how are you? Nice to see you. I'm Shane
I'm you know very pro to a lot of decentralized exchanges I'll be interested to see how institutions treat
it right because institutions want to know who your kind of party is right
they want to make sure that there's no kind of party risk also they want to do
AML and kyc right they want to know who's on the other side of that trade
right it's like yeah you don't know it's gonna be difficult I mean when you look
at dark pool liquidity and how that's changed it's all come from a centralized
space there'll be a dark pool but something like a liquid net you're still
dealing with a regulated entity and in order to get signed off on from
compliance and regulatory that kind of makes them feel good but I think that
it's not that people aren't willing to do it although there's no framework they
are certainly engaging and they want to learn they want to know and I think when
you look back at the start of 2017 total market capitalization combined was
twenty billion by the end of 2017 it was eight hundred billion I caught a
lot of people off including the major institutions and the regulator well I
think now what we're starting to see certainly in London is we're starting to
see you know a very big change from the ICO now rolling over into the Sto yeah a
lot of people that are approaching us have looked at the sto model which which
needs to have more of a regulatory framework around it or needs to
certainly be approached like it's a security
I'm Shane Kehoe. Nice to meet you. How are you?
He's our CIO we lead our organization in a way to where it's not
only institutionally compliant but it's done with the ethics that we think are
required to Shepherd this technology the technology as you know it's so powerful
and the opportunities that this technology can provide me to do amazing
things for Humanity or could hinder and enslave humanity like never before so
making sure that when we operate we operate with people of ethics that have
that understanding of the technology and the power is important to us and your
relationship and Travis's relationship how far do you go go back how did you
get to know him? 6 years. In Chicago and Chicago is a fun fun city both of us before you
were coming saki-chan at that time? I was yeah you know Iwas at hedge fund
capital I know my Mike and then as you can probably tell we we take a yin and
yang approach right with building Ikigai so we've got the lifelong
technologist network systems engineer by background and a guy that's been around
this technology since before the BTC white paper was even written yeah and
that's combined with you know a guy that a career in traditional hedge fund asset
management and we think when we put those two things together it's it's it's
the right combination of skill sets and knowledge bases to go and you know make
the best investment decisions possible for the space and that strategy going
forward will be what like what will be your kind of mandate or your strategy is
it more of a trading strategies of long-only where you are being all those
Multistrats so 25% of the assets under management are dedicated into
venture investing the crypto assets okay traditional venture equity stakes
token's and equity run new newly listed tokens and
the entities that are issuing the tokens and then 75% of the assets under
management is dedicated into a long short multi-strap which is liquid hedge
fund strategies applied to the crypto asset space well like what I've been
doing over the last seven years abroad 10.72 we also have been
internal ventures business which I which Tim runs that I have jokingly call our
accidental incubator so we were just seeing some some opportunities come
across our plate and the crypto asset space that were you know too early to
just write a check into from the venture fund perspective but too compelling to
just walk away from and say it's not for us so we tend to kind of lead the
efforts on spending up of a few different things there we got Liberty
block was one of those right yeah Byzantine is one of those we got about
half a dozen irons in the fire there that we think there are some pretty
compelling opportunities and how do you find the difference when you you know
were you're looking at an you know equity long-short strategy on on
traditional markets compared to the crypto currency markets I mean what
differences do you see and how the unhand how do you how do you deal with
those challenges or opportunities may be? so that so the infrastructure is
drastically that's kind of one of the first things right it's just the types
of things that you just take for granted working in a world-class hedge funds in
terms of the trading infrastructure the portfolio management something as simple
as just having a Bloomberg terminal that's got every every piece of
data that you would ever need you've got a lot more its ecosystem of equity
sell-side research that's providing you know pointed thoughts and observations
about the asset class looking at and and then you know and
another big massive difference is that valuation frameworks and you know for
the S&P 500 we've been looking at price to earnings ratio for going on 100 years
right right and like I tell people side it my career is focused in energy
investing in equities invest yeah so if I'm gonna buy it buy a share of
ExxonMobil today am I paying a lot or a little for share price on mobile well
you can you can you can get my old line of work I got about you can follow you
have many different tools in the tool shed help me decide whether or not I'm
paying a lot or a little so then you you you and a lot of those are metrics
they're based on revenues earnings cash flows assets growth you know I can take
my oil price assumption and plug it into my Exxon Mobil model it'll spit out of
EPS I can put a p/e ratio on there's all kinds of different ways essentially all
of that goes out the windows you move into this new asset class and so you
have to you have to kind of do a lot of fundamental research around around the
the manner in which you can look at the fundamental drivers of valuation for
these asset classes and you can look at things like network activity right and
we know that there's a relationship between network value and network
activity yeah you can measure that with on chain metrics you can measure that
with various different wallet forensic you can measure that with community
vibrancy metrics like like things that are going on in github yep you can
measure that with sentiment analysis natural language processing because you
know one of the really interesting things about this space relative to
traditional hedge fund investing is that smart people talk out loud about what
they like and what they I don't like in this asset class yeah that opens up for
a whole bunch of interesting possibilities and that will develop
right oh as well all those critical points right they will develop as a
space matures right after we start to see adoption after cert do we see
revenue or we start to see some other framework that we can attach a valuation
to right yeah we'd like to think we're kind of at the bleeding edge of
understanding this highly dynamic sort of framework of how do we value these
things it's an incredibly foundational question
that has not been answered in this ecosystem I can tell you for sure that
our understanding of value accrual in crypto assets today is drastically
different than it was a year ago and a year before that it was essentially
non-existent right yeah and so you know you posit that against like the
intelligent investor of Benjamin Graham that was written in the late thirties I
think is still one of the most so relevant books down on equity investing
ever so that's exciting yeah I think it's the opportunity that
we realize right and that's what that's what excites us is that we know it's
early right we know it's difficult to call we don't have a crystal ball but we
just got to stay in the game and everything that we're looking for all
those points all those data points all those projects all those companies that
will start to use maybe even just a small set five or ten percent of their
business onto the blockchain and how that starts to roll out I mean when
you're got the opportunity to see it right from inception point right and I'm
talking about as early as you were looking at the mining side of it I'm
talking about when you look at the abduction point of institutional capital
now I'm have been looking at the space for a year but still very much not
involved it's gonna be interesting to see how that all rolls out and all the
products that come around with that in the regulatory framework and the custody
etc except Oh so as you were building out the templates for these contracts
and how were you making sure that you were
building what was required because it's still very early day so how are you
getting that feedback how did you know and I'm sure it's gonna be an ongoing
process but how did you kind of know but it was it kind of a gut feel or is it be
kind of like you we realized it wasn't about writing checks everyone's got
money it's about actually bringing something else to the table and we
realized that community was power so from that inception Charles joined us
Oliver joined us we now have a team of nine we got Mark Delasalle who's an
older guy from Accenture who's come on with a wealth of knowledge I'm from a
CRM business we've hired several other blockchain analysts we've got loads of
different advisers who have worked at a new for private banking and now
also on the tech side but that's actually resulted in an SVK Crypto
partnering up with block one we're now one of the venture capital partners we
were on the fund for 50 million dollars solely focusing on investing into very
early-stage blockchain technologies that will utilize the EOS.IO protocol
we're really happy with where we are but we realize that we're only really
getting started this is the first fund that we've done and since that inception
point we've continued to build the largest monthly meetups in London we had
five hundred people but our last meetup you were out our meetup before we run a
daily podcast which Charles does everyday but you're all going to be on later by
the way we have Marco who does all our filming creates content and more
importantly we realize that this opportunity that we're all being given
is an amazing opportunity and we want to seize it literally by by our hands each
and every day we're passionate to the core about what we do almost at the
point of and healthiness and we realize that we have a lot of fun doing it so
thank you very much for hosting us and this is why we're here today
hey Robbie. How's going? I'm Shane from SVK Crypto
How are you buddy?
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