Pranav Kanade - Moving from TradFI to Web3 and Building a Digital Assets Alpha Strategy (EP.237)
In today’s episode I’m talking to a friend of mine, Pranav Kanade, who happens to work for another really good friend of mine, Jan van Eck. Pranav was in the financial industry for a while, and like many, went down the crypto rabbit hole a couple of years ago. Jan, who’s a good friend, mentor, and a legend in the financial industry, went down the crypto rabbit hole himself and has been forever trying to do a Bitcoin ETF — doing the good work of dealing with the red tape and corralling the regulators. Jan’s tasked Pranav with building a crypto fund; and I’ve been trying to learn all this since forever, so I wanted to check in with Pranav. 2022 was obviously one of the most wild, fraud-ridden years in financial history, so I wanted to continue learning from someone who now makes his full living from this – and find out how he’s reacting in the bear market. As we try to dissect the industry here on Panic with Friends, I’m asking the same type of questions I ask him each month after reading his analysis. And you can be certain Pranav will be a regular on the show. Let’s learn together as new entrepreneurs and investors continue to build out the future of the web. Enjoy! Guest - Pranav Kanade, Portfolio Manager at VanEck Digital Assets Alpha Fund howardlindzon.com, vaneck.com Twitter: @howardlindzon, @pkan90, @PanicwFriends, @knutjensen linkedin.com/in/pkanade1 #fintech #invest #investment #venturecapital #stockmarket #finance Show Notes: Introduction (00:38) Welcome Pranav (04:50) 2022 Crypto deleveraging (06:34) U.S. crypto regulation outlook (08:29) Which layer needs regulation? (09:08) 2023 outlook for crypto (10:05) The crypto ‘bottom’? (11:04) Underlying tech (11:36) Transitions take time (14:43) Stablecoins (15:57) Tim Cook owns crypto (18:56) Self-custody assets (20:43) Venture funding (24:06) Genius of Bored Apes (27:28) Potential NFT use case (29:30) Coinbase web3 wallet (31:22) Dealing with liquidity (32:35) Moving from web2 (33:02) Speculation became community (35:04) Incentivizing tokens (36;52) The inflection point (37:44) Picking the right blockchain (40:02) Building on Polygon (41:31) Micropayments (44:24) NFTs for artists/creators (52:56) Wrapping up (54:17) Closing thoughts (55:53)