In this insightful Understanding VC episode, I speak with Alex Felix, Chief Investment Officer and Managing Partner of CoinFund, as he shares his journey from being a national ski champion to a career in finance and venture capital. He discusses the differences between private equity and venture capital, and explains what it means to be a crypto-native investment firm like CoinFund.
Alex delves into the origins of CoinFund and shares how crypto VC firms design their support systems. He highlights the importance of multidisciplinary teams in crypto VC firms and discusses how crypto companies can tackle the challenge of composability.
Community building is crucial for crypto companies, and Alex explains the importance of effective token distribution for these organizations. He shares his thoughts on developing a non-consensus viewpoint in venture and how this unique perspective can contribute to the success of a venture.
When it comes to competition, Alex explores the scenario when others have the same non-consensus viewpoint and whether it needs to become a consensus viewpoint for success. Lastly, he expresses his conviction in crypto and discusses how crypto-based solutions might enable better alignment of incentives between platform participants and the platform itself.
