SaaS Interviews with CEOs, Startups, Founders
755: Want to Invest in BitCoin But Don't Understand It? Listen to This.
18 Aug 2017
Chapter 1: What is the background of Tom Kineshanko in cryptocurrency?
Tom, really a leading thought leader in the cryptocurrency space. He's building up his own platform, Walter.ai, which you can be a part of by going to that URL.
Chapter 2: What are the challenges in investing in new altcoin tokens?
He wishes he would have understand or understood what was an old man's game versus a young man's game. He's now happily playing in the young man's game in a very, very forward thinking space, taught us about tokens, blockchains, and some of these key questions you should ask for anyone pitching you on a crypto investing kind of syndicate or investment fund.
This is The Top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.
Chapter 3: How does blockchain technology enable secure value transfer?
You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have. I'm now at $20,000 per top.
Chapter 4: What are the best use cases for Bitcoin and its trust issues?
Five and six million. He is hell-bent on global domination. We just broke our 100,000 unit sold mark. And I'm your host, Nathan Latka.
Chapter 5: How can investors diversify across multiple blockchains?
This is episode 755. Coming up tomorrow morning, Julian Marchese joins us. He is the 21-year-old who runs his own $5 million hedge fund. Tune in to find out how he raised the capital and how he did it at such a young age.
Chapter 6: What is the significance of tokens in micro-economies?
Hello, everyone. My guest this morning is Tom Keneshenko. He has been investing in cryptocurrencies. All the buzz right now. Cryptocurrency is also called digital assets or tokens.
Since 2013, he founded and exited the first Bitcoin and Ethereum fund in Canada, invested in the Ethereum crowd sale, and has made 10 times or greater returns in Bitcoin, Ether, Ethereum Classic, Golem, and several other tokens. By the way, I feel so smart naming these names and I have no idea what they mean.
Chapter 7: How can beginners start investing in cryptocurrencies?
We're gonna learn all about them in a second. He's also a founder and general partner at First Block Capital, a digital asset fund manager, where Tom leads investments in new token issuance.
He's also the founder and CEO of Walter.ai, which is really, I mean, they're building a distributed Bloomberg terminal, for those of you that are familiar with a Bloomberg terminal in finance, which intends to make the best supplier of market data to the cryptocurrency market. Tom, are you ready to take us to the top? Absolutely, Nathan.
Chapter 8: What questions should you ask when considering crypto investments?
You're going to make us all rich on this new stuff that we have no idea what it does, right? That's how this is going to work? or I'm going to get all your money into crypto right before it crashes. Either way, you win, right? All right. So, Tom, obviously, we've had you on before. It was kind of a different focus. I wanted to have you back on to talk more about this stuff.
So here's what I'd like to do. Tell us first about Walter.ai as kind of the base, right? Because this is how you're productizing, I think, your interest in the space. And then I have specific questions about issuances and Ethereum and some of the other things. So what's Walter.ai do? So we have a market, let's call it the token market.
We've gone from zero to 90 billion market cap in like, you know, around five years. We only have a couple years of these new altcoin tokens and there's very little information on this market.
There's information that's public like, okay, each of these tokens is built on a blockchain and we can explore those public blockchains to determine how many people are using them, are people interested in them. But doing that work just takes a lot of time.
So that's one thing we just, this, this explosion of interest and explosion of projects, but people just haven't taken the time to do the digging to determine, okay, what's actually going on. The other thing is that, um, This is liquid venture capital. So these tokens represent not even equity in most cases, but they represent kind of an exposure to a startup project.
And what that means is that, as you know, investing in startups is a little bit probably more about qualitative information than it is about quantitative. You want to know, are the teams working? Do users actually care about this? And that's information that's kind of hard to get. Like you have to go and meet the teams.
You have to, you know, research how many people are engaging with them on their Slack channel or on Reddit. So, we've decided to apply the distributed model of building companies, and we can get into that. I think that's a really, really important point to get into.
We've decided to use that model to basically build a global research task force for researching this space, providing data on this space, cleaning up data on this space, and even doing things like creating and submitting algorithms for trading these type of assets.
me thomas real quick ask you some questions about the terminology so people aren't completely lost in this if they haven't heard of crypto before so i'm going to try and explain this to you and you correct me where i'm wrong because i'll try to explain it how i know my audience might understand it um a blockchain is a is it literally think of it like you're drunk typing on your keyboard and you hit like 17 or 20-ish keys it's literally a string of like numbers
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