One thing I been trying to improve on the investment side is to act on what I say when there are convictions. Early this year during weekly call I had strong convictions that stablecoin would be the theme this year, given institutions were coming in, stable was just easy to understand as the next big thing after ETFs. We talked about consumer adoptions, stablecoins and RWAs anchoring next wave of DeFi. However, when Circle went IPO, I didn’t participate in that while one of my team members actually did it - obviously happy for him as there’s huge gain. 1) Convictions are getting more and more important as the space evolves, or at least having individual thesis to find the next gem. 2) Once there are convictions, focus on the verticals instead of diversification. Within the vertical you can diversify, say if I like the brand coin thesis, I have to dig out everything related to that even pre-launch. The game has changed and we all have to grow with it.
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