Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Tuesday, July 16th. And today we are talking about the crypto record and opinions of new vice presidential candidate J.D. Vance.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review.

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Hello, friends. Quick reminder, and I will keep saying this at the beginning of any political

coverage. The breakdown will continue to cover the U.S. presidential campaign specifically

in the context of the candidate's relationship with and discussions of technology,

and of course, most specifically Bitcoin and Crypto.

We will avoid broader political discourse wherever possible, as it is not only extremely fraught,

but heavily discussed everywhere else.

With that caveat aside, yesterday Donald Trump made his selection for nominee for vice president,

and that is Ohio Senator J.D. Vance. There are two big things that brought Vance to prominence.

The first is the release of his memoir, Hillbilly Elegy, which came out in 2016, and the second

is his long duration as a tech investor. To give a quick background there, Vance graduated from

Yale Law School in 2013 and moved to San Francisco where he became a principal at Mithril Capital.

Mithril is one of Peter Thiel's funds. Mithril raised two funds while Vance was there in 2013 and in

2017, but in that year 2017, Vance left Meathrill and joined AOL founder Steve

Case's Revolution Ventures. That move was prompted by a family consideration as his wife

became a Supreme Court clerk in Washington, D.C. At Revolution, Vance focused on investing

outside of the main U.S. tech hubs, which also became the theme of his own fund, which he started

fundraising for in 2019, called Naria Capital. tech hubs, which also became the theme of his own fund which he started fundraising

...