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The Pomp Podcast

David Pakman, Partner at Venrock: The Age of Automation

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 27 January 2020

⏱️ 112 minutes

🧾️ Download transcript

Summary

David Pakman is a Partner at Venrock, where he focuses on early-stage venture investing in consuming and enterprise tech companies with a recent focus on robotics, crypto, and consumer products. Formerly he was a Product Manager at Apple and was the co-creator of Apple’s Music Group. In this conversation, David and Anthony discuss his views on audio and voice, artificial intelligence, robotics, competition on the internet, how crypto can disrupt venture capital, and why he’s so interested in the idea of crypto collectibles.  BLOCKFI-----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. UNSTOPPABLE DOMAINS-----Make your crypto currency payments simple and build censorship resistant websites. Visit unstoppabledomains.com and purchase your blockchain domains today! ETORO-----This episode of Off the Chain is sponsored by eToro, the smartest crypto trading platform, and one of the largest in the world. Join 11 million other traders and create an account at etoro.com and build your crypto portfolio the smart way.

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

0:04.5

Off the Chain, simply the best podcasting crypto. Let's kick this thing off. David Pacman is currently a

0:11.9

partner at Venrock, where he focuses on early stage venture investing in consumer and enterprise

0:16.6

tech companies with a recent focus on robotics, crypto, and consumer products. He also was the

0:22.8

co-creator of Apple's music group and a product manager at Apple, along with starting and selling a

0:28.0

number of technology companies. In this conversation, we discussed David's views on audio and voice,

0:34.1

artificial intelligence, robotics, competition on the internet, why crypto can disrupt

0:39.8

venture capital, and what is so interesting to David about the idea of crypto collectibles?

0:45.3

I really enjoyed this conversation.

0:47.3

But before we get into the episode, I want to talk about the three sponsors that made it possible.

0:51.3

The first, Block 5.

0:53.3

If Bitcoin and other cryptocurrencies have any chance

0:56.4

of ever becoming the next global reserve currency, we're going to need a lot of infrastructure

1:00.6

and wealth management services built. This is exactly what BlockFi is doing. As many of you already

1:06.0

know, I'm such a big fan of the company that I invested, alongside being a big user. Today, they offer

1:11.2

three products. The first is giving US dollar loans against your crypto as collateral. The second

1:15.6

is an interest-bearing account for your crypto deposits. And the third is allowing you to buy

1:19.6

or trade cryptocurrencies. These three products are important in helping people do more with their

1:24.1

Bitcoin, Ethereum, GUSD, etc. Don't want to sell your crypto but need

1:28.5

US dollar liquidity, BlockFi can give you a loan. Or maybe you're a long-term holder like me,

1:33.0

but want to earn some interest on your assets. Obviously, rates vary, but right now BlockFi is

1:36.8

paying 6.2% APY on Bitcoin and 8.6% APY on GUSD deposits. Those are unheard of interest rates in the legacy fiat world.

...

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