Paul Hsu

What Dave McClure is building resonates well what we are doing with our Siena Secondary Fund. Although one focuses on fund stakes and the other company positions, the journey is the same - need to educate the market about what is #VC #secondary and how to benefit from it...

10

2 Comments

Coming soon on Aug 1: "Transformation to a Fresh Tomorrow." This is theme of our 3rd Annual Web3 Investor Day, as we welcome the innovators and investors convening in Chicago for these discussions around the next generation Internet. Our theme reflects the optimism, determination and commitment investors and innovators have solidified off the depths of the bear markets to drive success in the bull markets. Broader investor optimism suggests that fresh institutional funds into Web3 across both tokens and equity may endure.  Across adoption metrics, customer interest and developer activity, Web3 seems to have normalized. It’s refreshing to see the transformation and next evolution of Web3 and it’s refreshing to meet many of you on August 1.  And yet, even with the improved optimism from last year, there still remain open questions in the development and adoption of our next generation Internet:  1. the balance of speculative versus productive investor capital in this current cycle 2. the productive role of liquid trading capital in fostering Web3 innovation 3. the attractiveness of venture investments in follow on financings 4. the role of policy and regulation that may enhance innovation 5. the continued developer activity to improve the underlying infrastructure 6. other Web3 recovery characteristics in target customer use cases. We remain committed to navigating regulatory shifts, fostering investor optimism, and building the customer use cases for Web3.  Physical spaces enhance our innovation conversations.  In person relationships foster our collaboration.  Relationships drive breakthrough innovations.  Reach out to Rizza Torres at Decasonic if you would like to join us! #web3investorday #web3 #venturecapital

20

6 Comments

How do macro factors drive crypto markets? From Gemini, a report covers the framework and metrics to consider this relationship

10

Sony has filed a patent for a new ‘Super-Fungible Token’ (SFT) that could alter how gamers own and trade in-game assets. Two basic questions: ⁉️ What’s an SFT? Basically, it would allow gamers to own a bundle of NFTs (in-game assets). ⁉️ Why SFTs? Good question—since it’s such early days, it isn’t entirely clear how it could be used, but it seems to simplify owning, purchasing and selling of NFTs as you can bundle multiple into one SFT. To me, it seems to be a bet by Sony that NFTs will be a big part of future gaming and they’re preparing the way for them to be more functional.

31

6 Comments

💡The Stanford Blockchain Accelerator (SBA) Cohort 7 is open for application! 💡The SBA has helped launch some of #Stanford's top Blockchain ventures including Nexus.xyz, Modulus, 0G Labs, PIN AI, Caldera and many more. 💡90% of the teams raise an average of $2M+ from the leading VC funds (a16z, Sequoia Capital, Bain Capital, Dragonfly, Paradigm etc) 💡70% of the teams launch and are post-revenue within 6 months of joining the accelerator. As part of the Stanford Blockchain Club the program does not invest or take any equity Apply here: https://lnkd.in/eb_hcCFS #blockchain #crypto #cryptocurrency #btc #startup

45

12 Comments

From Crypto Ice Age to AI Inferno- Gartner Curves or Extreme Weather Conditions Precipitated by VC? A few thoughts I've been reflecting on recently on learnings from being through many crypto cycles I can apply to this moment in AI investing... https://lnkd.in/d6KSM3EN

29

2 Comments

Automate Startup Scouting With AI: Identify, Enrich, Classify & Reach Out https://buff.ly/4dyC0h4 by @AndreRetterath AI-enabled startup scouting workflow: how to scrape more than 2500 startup founders in seconds! #rafAIgual #AI #GenAI #vc #scouting #dealflow #automation

4

VC Metrics Cheat Sheet If you're involved in venture capital, understanding key fund metrics is crucial. Here’s a distilled cheat sheet with some essential metrics to keep at your fingertips: Internal Rate of Return (IRR) - Measures the profitability and efficiency of investments. Multiple on Invested Capital (MOIC) - Assesses how much value is created per dollar invested. Cash-on-Cash Return - Shows the actual cash return on investments. Distribution to Paid-In (DPI) - Tracks the cash profits returned to investors. Total Value to Paid-In (TVPI) - Offers a comprehensive look at fund performance, combining DPI and remaining value. Net Asset Value (NAV) - Indicates the current value of the fund’s assets minus its liabilities. Capital Called - Tracks the total amount of committed capital that has been requested from investors. Capital Distributed - Measures the total distributions made to investors to date. 🌟 Why It Matters: These metrics not only reflect the health and performance of a VC fund but also guide strategic decision-making and investor communications. 📈 Elevate Your VC Knowledge: Familiarize yourself with these metrics to navigate the venture landscape more effectively. Share this with your network to spread the knowledge! ------ 🔔 Follow me for insightful and entertaining posts about #Startups #VentureCapital #Entrepreneurship. ------ 🎁 Get investor lists, free resources, and services for your fundraising:  https://lnkd.in/g4ygxG6i ------ 🤝 Find your co-founder: https://lnkd.in/e9DyVmkE  ------

225

2 Comments

Exciting to see startups aiming to use AI to discover chemicals, materials, drugs, etc. Semi companies have taken notice: AMD is investing in and Cadence is acquiring them. Semi/EDA companies have broken out by becoming critical path, whether it’s through critical software, packaging, IP, design kits from foundries, or user communities. Aside from just making it easy to make new materials, these “AI for making X” companies also need to articulate a vision as to how they can establish monopolistic positions in their industries.

144

5 Comments

An Explosive Thesis: Why We Led Uranium Digital This investment falls under our current thematic focus of “Crypto Rails for Latent Markets” to improve market efficiency and unlock financial innovations on top of dormant markets—in this case, uranium. The timing is impeccable: nuclear energy is experiencing an unprecedented tailwind from the geopolitical race, AI-driven demand, regulatory catalysts, and major supply shocks. As the dominant fuel, Uranium "yellowcake" is poised to become one of the most valuable commodities of the next century. In many ways, uranium is the "bitcoin" for regular people: volatile price, finite, high growth potential, and non-mainstream. But here's the shocking part: uranium has no liquid market or infrastructure for any financial innovations to build on top of—no spot, no oracle, no derivatives. If you want uranium exposure, either go licensed and buy on OTC, or buy ETF/mining stocks. What?! So much money is being left on the table: it's a well-known fact that most trading volume of commodities comes from derivatives/non-physically settled trades. Here are some stats on other common commodities: The ratio of Total Notional $ of Derivative / Physically Settled Trades: Coal: 7:1 Natural gas: 23:1 Uranium: 0:1 In this thesis, you'll find: 1. A primer on nuclear energy and why it's the most misunderstood and promising energy source 2. Why the time is now to pay attention to uranium 3. The opportunity we see: the least efficient market for the most important commodity of the future 4. How Uranium Digital is creating a new "pie" at the intersection of nuclear energy and crypto 🔗 Full thesis link: https://lnkd.in/ghZabvvy Fundraise Announcement: https://lnkd.in/gB_7mekd Coindesk Coverage: https://lnkd.in/g_BdFjtW

53

6 Comments

We need more women leaders in venture capital.

35

1 Comment

Now live: Part 3 of of our monthly blog series spotlighting Web3 x AI - "The Web3 AI Cults." My colleague, Abdul Al Ali, delves into the rise of AI-driven communities and tokens, highlighting how blockchain infrastructure is enabling co-ownership, creativity, and cultural movements. This infrastructure is funding application and use case ideas at the forefront of bringing AI agents to the mainstream. Why read this now? - AI and blockchain are unlocking durable use cases at scale. From tokenized creativity to autonomous transactions, this piece offers a strategic look at the technologies and narratives driving the next wave of adoption. Explore the story of Truth Terminal, a chatbot turned cultural icon, and its impact on token narratives like $GOAT, $OMEGA, and $LUNA. Abdul breaks down how these AI agents are creating aligned communities, reshaping token economies, and pioneering decentralized innovations that blur the lines between technology and culture.

24

4 Comments