Brian Curran

Takeaway from BlackRock Q3 earnings call: CEO Larry Fink highlights key insights on blockchain, Bitcoin, and digital assets. - Bitcoin likened to Gold as an asset class, underpinning its value in the market. - Rising institutional adoption underscores the need for enhanced analytics and transparency. - Ethereum poised for significant growth as a blockchain platform. - Digitization of currencies emerges as a positive trend for the market. - Blockchain, alongside AI and advanced analytics, set to drive market expansion and innovation beyond cryptocurrencies, extending to broader financial applications. With BlackRock's bitcoin ETF attracting $23 billion in inflows, Fink anticipates continued growth in digital assets and emphasizes blockchain's transformative impact on the global financial landscape. #BlackRock #Blockchain #Bitcoin #DigitalAssets #FinancialInnovation #bitcoinetf

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Your sourcing game is the lifeblood of a syndicate Notably Zachary & I have very different sourcing models as do different funds. Funds like Summit are notorious cold calling machines to find great deals. Some funds like Proof built their model as a co-investment / pro-rata fund and work with VC funds directly to source the best opportunities. Another fund we’re close with leverages their deep technical network founders to get introductions into the companies on the bleeding edge of tech. Zachary's sourcing is almost entirely done through partners including other syndicates and VCs; while mine is similar, I do leverage a bunch of deals through direct relationships and VCs in the ecosystem. Point being there is not one size fits all for sourcing. Notably your sourcing may evolve over time. Zach hesitated initially on starting his own venture firm because candidly he didn’t understand how to source. At his prior fund he worked at, his sourcing was built primarily around a lot of cold emailing. When he started Calm that was his primary avenue for deal flow as well - unapologetically emailing any company that looked interesting and filtering/diligencing from there. It worked and he got some extremely strong access through cold and warm introductions. But the model evolved, quite organically, with now his sourcing done primarily through ongoing partners. How did it evolve to this? Well it turns out that there are a lot of network effects built into this ecosystem. The more you’re involved in finding and executing investments, the more people you meet, the large reputation you get, the more people that want to work with you and so on. And that’s more or less how Zach shifted to a network driven firm. In general I’d play to your strengths when it comes to sourcing deal flow. Do you have deep talent networks - if so leverage those. Are you a sales / hustling machine, then perhaps cold/warm introductions are your best bet. Do you have extreme value add - find the best companies that need your skills to win deals. Do you have a media presence and public brand - leverage it to build PR for founders you invest in. Whatever your strength and value adds are - play to them. -- Powered by Sydecar and Forge, Last Money In Media is the most actionable venture capital newsletter. Written by Zachary Ginsburg and Alex Pattis, the global syndicate leaders with 800+ SPVs invested.

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We stopped moving securities decades ago (instead we just do a ledger entry, assigning the title to the securities from the seller to the buyer). Almost all money transfers today, are account to account (A2A) transfers. Perhaps there is a future version of the world where we do not move money anymore, and instead we just reassign the title to the funds from the payor to the payee? Fin3 is working to enable just that! #futureofmoney #UCC12

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