123 - Investing in the Chainsmokers | Drew Taggart & Alex Pall
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 20 June 2022
⏱️ 84 minutes
🧾️ Download transcript
Summary
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode
https://shows.banklesshq.com/p/123-the-chainsmokers-debrief
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Drew Taggart and Alex Pall make up The Chainsmokers, one of the most popular electronic music groups in the world. Music isn’t their only passion, though. In their latest album, “So Far So Good,” they experimented with music NFTs via the Royal platform.
As some of the most successful creators and also investors, Drew and Alex are reshaping what it means to be a creator. With community at the forefront, The Chainsmokers are a duo that you should be paying closer attention to.
How did The Chainsmokers come to be so successful? What are their plans for the future of their crypto trajectory and community? Answers to these questions and so much more in the interview!
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Topics Covered:
0:00 Intro
4:28 How the Chainsmokers Came to Be
16:05 Developing a Business Mindset
25:32 Alex & Drew’s Chemistry
34:42 Jumping into Investing
38:24 The Mantis Thesis
44:08 Investing, Music, & Product Market Fit
46:50 The Chainsmokers Investing Stigma
53:08 Activist Investing
1:01:14 The Chainsmoker’s Entrance into Web3
1:09:20 The Chainsmoker’s Mint with Royal
1:19:02 What Happens Next?
1:25:08 Alex & Drew’s Crypto Portfolio
1:27:20 Closing & Disclaimers
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Resources:
The Chainsmokers
https://thechainsmokers.com/
Mantis VC
https://www.mantisvc.com/
The New Chainsmokers Album
https://open.spotify.com/album/1CxCEPIZbaE28qUDW4wN0t
Royal
https://royal.io/
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.6 | This is how to get started, how to get better, and how to front run the opportunity. |
| 0:14.8 | This is Ryan Sean Adams. |
| 0:15.8 | I'm here with my partner, David Hoffman, and we're here to help you become more Bankless. |
| 0:21.4 | Guys, we have the chain smokers on the podcast. |
| 0:25.4 | And they're super chill. |
| 0:27.4 | They're awesome. |
| 0:28.4 | Yeah, great guys. |
| 0:29.4 | It's blown away by this episode, David. |
| 0:31.8 | It's just so cool. |
| 0:32.8 | I mean, we cover so many things from like the history of them starting up, they see themselves |
| 0:36.8 | as kind of creative founders to how they got into investing towards the depth of knowledge |
| 0:42.2 | and skill that they apply to investing and the business savvy, the finance savvy, the economic |
| 0:47.7 | savvy, the investor savvy there was present. |
| 0:50.9 | And then we talked about NFTs in the music industry, and I saw the same things there. |
| 0:55.1 | These guys are super cool. |
| 0:57.2 | And I knew I'd like this episode, but like I'm coming away from it actually blown away. |
| 1:01.2 | Like you have to listen to this episode, Bankless listeners. |
| 1:04.1 | Yeah. |
| 1:05.1 | And Drew said the line that when anyone says this line, I'm like, okay, we're friends now, |
| 1:09.0 | which is you play long-term games with long-term people, and it doesn't matter what industry |
| 1:13.8 | you're in. |
... |
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