156 - Investing in Waves with Chris Burniske
Inside the episode
Chris Burniske is Co-Founder of Placeholder VC, author of “Crypto-Assets,” and mentor to both David and Ryan. This is Chris’s third appearance on Bankless. He was first on three years ago for episode #20!
Investing in waves. Are we talking about surfing? Are you talking about capital deployment? The answer is Yes.
In today’s episode, Chris unpacks why he uses the term “trashy” to describe many 2022 projects (and their founders), why crypto is like surfing and how you catch a good wave, his rules for staying sober during bull and bear markets (hint: don’t fall in love with your coconuts), and finally his bull case for Solana.
6:46 Crypto Assets
12:43 Right 2 Years Later
16:00 Wrong 2 Years Later
19:35 What Makes a Project Trashy
22:12 Psychological Perspective
26:33 Thesis Driven
30:00 Super Cycle Narratives
37:20 Market Timing & Advice (NFA)
47:25 Bull Market Indicators
54:30 Is the Bottom In?
57:53 What Ends the Bear Market?
1:01:17 The Crypto Repeat Story
1:08:00 BTC vs. ETH vs. SOL
1:18:54 The Solana Pitch
1:29:34 How to Approach Solana
1:36:51 Predicting SOL Value Accruel
1:41:35 The Solana Opportunity
1:46:18 Is Crypto a Net Good?
1:52:22 Action Items & Disclaimers
Electric Capital Developer Report