Chain Reaction: Crypto VC space may be on the cusp of recovery (w/ David Pakman)

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 9 December 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on Chain Reaction, Jacquelyn interviewed David Pakman, managing partner and head of venture investments at CoinFund. Before CoinFund, David spent 14 years at the venture capital firm Venrock. He also led the Series A and B rounds at Dollar Shave Club which was acquired by Unilever for $1 billion. And in 1991, David co-created Apple Music when he was a part of Apple’s system software product marketing group We discussed the state of the crypto VC environment, areas he’s focusing on for investments and what he thinks investors are missing. We also talked about: AI compared to crypto Future of NFTs Regulatory impact on investors 2024 outlook Advice for startups Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.Connect with us: Twitter TikTok Newsletter Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everyone, it's Jacquelinek.
0:03.0	Welcome to Chain Reaction, a show that unpacks and dives deep into the latest trends, drama, and news
0:09.0	with some of the biggest names in crypto, breaking things down block by block for the crypto curious.
0:14.0	Today's guest is David Pacman, the head of venture investments at Coin Fund, a crypto-focused firm.
0:23.4	Before Coin Fund, David spent 14 years at the venture capital firm, Venrock.
0:27.8	He also led the Series A and Series B rounds at Dollar Shave Club,
0:31.3	which was acquired by Unilever for a billion dollars.
0:34.8	And in 1991, David co-created Apple Music when he was part of Apple's System Software Product
0:40.2	Marketing Group.
0:41.3	We're super excited to have him on to talk about the state of
0:43.6	crypto VC, his investments and thoughts on 2023, and what he's expecting in the
0:48.6	pipeline for 2024. With all that said, David, welcome to the show.
0:53.0	Thanks, Jackie. Good to be here. Thanks for having me.
0:55.0	Yeah, and to start, we like to start off with asking our guests.
0:58.0	Can you tell us about someone in crypto you've met in the past 12 months,
1:02.0	who has inspired you and what did you learn from them?
1:04.7	Okay well does meeting in real life does have to be meeting in real life because meeting virtually I've met.
1:09.7	Yeah I feel like with crypto no it doesn't we're all kind of nomads all over the place.
1:14.1	Yeah well I've met him a bunch but you know at our annual meeting we had Joe
1:18.6	Lubin come and speak to our limited partners and he just had a very long view about what was happening this was sometime in the
1:26.3	late spring early summer and you know in the depths of a bear market and in a bear market it really
1:32.4	tests you know your conviction
	...

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