#365: Zac Prince on Raising BlockFi's $50M Series C Financing

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 20 August 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Zac Prince is the co-founder & CEO of BlockFi, the industry-leading wealth management platform for crypto asset investors. In this conversation, we discuss BlockFi's $50M Series C fundraising round, an update on revenue and assets under management, and what BlockFi is working on for future product launches. ============================ BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. ============================ Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast.
0:06.0	Simply the best podcast out there. Let's kick this thing off.
0:10.0	Zach Prince is the co-founder and CEO of BlockFi, the industry-leading wealth management platform for crypto asset investors.
0:19.0	In this conversation, we discuss BlockFi's $50 million
0:23.0	Series C fundraising round, an update on revenue and assets under management, and what BlockFi is
0:29.4	working on for future product launches. I really enjoyed this conversation with Zach,
0:34.3	and I'm a proud investor in the business. So I hope you guys enjoy this one.
0:38.3	But before we get into the episode, let me tell you a little bit more about Block 5.
0:42.3	They currently have three products.
0:44.3	The first allows you to buy and sell crypto on a crypto exchange.
0:47.3	The second allows you to deposit crypto and take out a US dollar loan against your crypto
0:52.3	collateral.
0:53.3	And the third is an interest-bearing account where you can earn up to 8.6% APY on crypto or stable
1:00.5	coins.
1:01.5	So definitely go check out blockfi.com slash pump.
1:05.6	Again, blockfi.com slash pomp and you can join in on all the awesome things that BlockFi is building for crypto asset investors.
1:13.9	Lastly, don't forget that I write a daily letter to over 50,000 investors about business technology and finance.
1:19.2	I break down complex topics into easy to understand language while sharing my personal opinion on various aspects of each industry.
1:26.7	You can subscribe at pomp letter.com.
1:29.9	Again, pomp letter.com. All right, let's get in this episode with Zach. I hope you guys enjoy it.
1:36.0	Anthony Pompliano is a partner at Morgan Creek Digital. All opinions expressed by Pomp or his guests on this podcast are solely their opinions and do not reflect
1:44.7	the opinions of Morgan Creek Digital or Morgan Creek Capital Management. You should not treat any
	...

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