John Wu | How To Regain Trust in Cryptocurrency and Invest in the Long Term

The Jon Gordon Podcast

Jon Gordon

Leadership, Teamwork, Success, Positiveuniversity, Jongordon, Health & Fitness, Positivity, Education, Positiveu, Happiness, Teambuilding

4.8 • 1.2K Ratings

🗓️ 18 December 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Positive University, bestselling author Jon Gordon is joined by the President of Ava Labs, John Wu for a fascinating conversation about the state of cryptocurrency, how to invest long term and regain financial trust.

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About John Wu:

John Wu is President of Ava Labs, an Andresseen Horowitz backed technology company building the next-generation blockchain platform: Avalanche. John’s objective is to open up financial services and products to all. In this role, he leverages his expertise from over 20 years as a fintech executive and technology investor to create a blockchain-enabled solution for originating, issuing, and trading financial assets.

John was previously CEO of the SharesPost Digital Assets Group, enabling compliant token trading of private shares and funds. Prior to that, he was a technology investor and the founder of Sureview Capital, a global hedge fund backed by the Blackstone Group.

John began his investment career at Tiger Management, a preeminent hedge fund with $20 billion in assets under management at its peak, before managing a global technology portfolio at Kingdon Capital.

John received his MBA from Harvard University and holds a BS in Economics from Cornell University.

Transcript

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0:00.0	Hey, this is John Gordon with Positive You. And today, my guess is John Woo. John, how
0:14.1	you doing?
0:15.1	I'm well, John. And it's so nice to see another Cornelian. I always love talking to you.
0:19.1	Yeah, this is their second time talking. I had you a while ago. We were talking about
0:23.6	the company that you're president of Avalabs. Your platform is Avalanche. So much has
0:30.0	happened since that time. It's great that we're now back. We've got to talk about this more
0:34.8	because FTX just went under. They just went bankrupt causing massive ripples throughout
0:42.1	the crypto space. What are you thinking about right now as you're watching? What's happening
0:47.5	about this industry that you are one of the leaders in?
0:50.6	So John, you and I, for better or for worse, have some perspective because we were the same
0:54.2	vintage at Cornel. And I was in finance when this happened in traditional finance with some
1:00.6	large firms. So it's amazing to me that I saw the internet bubble, saw Enron, a Delphia,
1:08.3	saw WorldCom. All of that happened in the late 90s, early 2000s. And then just seven
1:13.7	years later, we had the great financial crisis. Yeah, there are Sterns, Lehman, Bernie
1:18.6	made off. And now I'm seeing the same things happening in crypto. It's almost like we didn't
1:26.0	learn those lessons from the past. It is a new generation, new people. And the most
1:33.2	point thing to remember was the whole purpose of crypto, you know, they probably took off
1:37.6	after the great financial crisis because it was supposed to rebuild and innovate and create
1:43.0	a financial system that was actually better than the one that led to 2008. But ironically,
1:51.2	we created somewhat more of the same. I hate to say it, you know, the crypto capital
1:57.5	markets may be broken. But here's the difference. I do believe that the fundamental technology
2:03.7	of blockchain, the advancement of that in these last couple of cycles has really, really
	...

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