Episode 167: 1-on-1 with $20M Top Shot Collector Mike Levy
Establish The Run Fantasy Football
Fantasy Football
4.8 • 1.4K Ratings
🗓️ 5 March 2021
⏱️ 90 minutes
🧾️ Download transcript
Summary
Top Shot has taken the world by storm, generating an incredible amount of interest, investors and collectors in just a 2-month span. Adam Levitan sits down with Michael Levy, an early adopter whose collection is now worth roughly $20 million. They discuss how he accumulated his moments, the outlook for Top Shot, bear and bull case plus much more.
Editor's Note: Our 2021 Draft Kit is open. If you're playing Best Ball, we have you covered with rankings for every format. Go to www.EstablishTheRun.com for more.
TIMESTAMPS: Who is Michael Levy (1:37) | Finding Top Shot (2:42) | Predicting the Top Shot rise (4:34) | Keeping a low profile (7:49) | The early days of Top Shot (13:58) | Investing in Dapper (19:48) | Are valuations accurate? (25:28) | What happens when the bubble bursts? (32:28) | Top Shot’s withdrawal issues (44:20) | Is Top Shop a ponzi? (53:00) | Top Shot Strategy (58:53) | What is the importance on serial number? (1:07:00) | Will NFTs change the world? (1:12:11) | $20m in Top Shot or $20m in CryptoPunks? (1:19:05) | Adam vs. Michael’s Tennis bet (1:20:38) | Mike’s favourite investment (1:22:11) | Plan on realising profits (1:24:21) | Adam vs. Michael’s Tennis bet (1:20:38)
SHOW NOTES
Follow on Twitter.
Adam: @adamlevitan
Mike: @HiJDFenz
EstablishTheRun: @establishtherun
Transcript
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| 0:00.0 | Hello and welcome to episode 167 of the official established and run dot com podcast. |
| 0:23.0 | My name is Adam Levitt and I'm one of the co-founders here at ETR and today we have a very, |
| 0:29.0 | very special guest. I mean, we've had some people carrying some big bags on this show before through poker, |
| 0:35.0 | through Wall Street, through business, through gambling, Doug Polk, Jeremy Levine, |
| 0:41.0 | Phil Galfon, Jason Strasser, Scott Hanson, Rufus Peabody, to name a few, |
| 0:46.0 | but today we have someone carrying a big bag in a space that is brand new. |
| 0:51.0 | This is a young man who was early and aggressive in NBA Top Shot, |
| 0:55.0 | which is, of course, a disruptive digital collectible NFT platform. |
| 1:00.0 | And now, now his Top Shot collection is worth an astounding 20 million. |
| 1:06.0 | And we'll get into how accurate we think that number actually is, but it is. |
| 1:10.0 | Michael Levy, King Bagholder of the Top Shot streets, Mike. How's it going, buddy? |
| 1:15.0 | Going well. Thank you for having me on. Excited to be here. |
| 1:18.0 | Big fan of the pod of you and of Evan and the platform you guys have built. |
| 1:22.0 | I'm so very excited to be here and excited to be the newest addition to that incredible list of names you just listed off. |
| 1:29.0 | Yeah, okay. We have a ton to get to today. And I want to dilly dally too much. |
| 1:32.0 | We're going to get into Top Shot. We're going to get into the bull case. |
| 1:35.0 | We're going to get into the bear case, some of the issues, some strat, all that. |
| 1:38.0 | But I want to start with a little bit about you because I don't think people know too much about you in general. |
| 1:45.0 | I believe you're around 30 years old. What were you doing before entering the Top Shot streets? |
| 1:51.0 | Yeah, so I'm 31 years old. I live in New York in Manhattan on the Upper West Side. |
| 1:56.0 | I have a pretty traditional Manhattan background went to college in New York, studied finance and statistics. |
| 2:03.0 | Then went into investment banking, then into private equity, and now I actually work with my family's investment firm and I've been working with my family's firm for about five years and hope to do that. |
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