Ep.5 - Thing3
Summary In this Hydra Ventures podcast, hosts Jakub Rusiecki and Victor Rortvedt sit down with Thing3's Danny Carpio and Larry Florio to unpack the story behind Thing3's creation and its transformative impact in the Web3 domain. They delve into how Thing3 addresses the inefficiencies of the traditional professional services model, such as the billable hours system, by introducing a more efficient and equitable decentralised approach. The conversation also highlights Thing3's critical role in the formation of Hydra Ventures, showcasing their expertise in entity formation, DAO structuring, and compliance. Additionally, the episode touches on the professional community's varying responses to Web3 ideas and Thing3's future goals in the realm of investment DAOs and crypto projects, offering a comprehensive insight into Thing3's innovative influence in the professional services sector. Show Notes 6.16 - The professional services provider's business model and what current problems Thing3 is dedicated to solving. 7.17 - Human capital businesses monetisation model, inherent conflict of interest, value distribution and incentive misalignment. 13.08 - What new challenges the Web3 industry brings to the traditional service provider model. 15:11 - The genesis of Thing3 and how it tackles problems and risks critical to the Web3 industry. 18.35 - How to attract the supply side and create the right value proposition to onboard it. 20.00 - Thing3 new approach to value creation to redefine professional service business model and the role of revenue component in the new model. 22.10 - Thing3 under the hood - membership and operations. 23.30 - Leveraging creator economy the parallels to professional service provider business model. 25.40 - Thing3 approach to partnering with projects. 26.50 - High impact - high-value add - interest alignment as the core of the Thing3 approach. 27.47 - Thing3 and Hydra Ventures Origin Story. 33.30 - Hydra's innovative governance approach and free-rider problem. 36.50 - Lessons for investment DAOs and traditional approaches. 38.42 - Thing3 experience partnering with Hydra Ventures and what is special about this collaboration. 43.58 - Professional service provider model 3.0.
Ep.2 - Venture Capital Through the Web3 Looking Glass Trad VC vs. Web3 VC
Summary In this Episode, we peel back the layers of venture capital investment, contrasting the traditional VC approach with the emerging trends in the Web3 space. Our guests share their narratives on entering the world of web3 investing, revealing the allure of the sector and their varied experiences with its volatile market cycles. In this Episode we cover Understanding the essence of traditional venture capital, including its setup, stakeholders, and the lifecycle of deals. Insights into the transition into Web3 investing, exploring what drew investors to the space, their experiences with its volatility, and how the culture of Web3 informs their investment decisions. Discussion on how newer VC models, like syndicates and investment DAOs, are learning from and adapting to the Web3 revolution. The distinctions between Web3 VC and other sectors are examined, alongside the unique opportunities and hurdles that come with investing in the Web3 domain and how it has changed investment practices. The potential of Web3 culture and technology to expand who can invest in VC and the nature of competition with new market entrants. An analysis of the past crypto bull markets, highlighting the shift in investment sources and strategies, and pondering the future of crypto market cycles and VC funding. Show Notes 0:02 - Traditional VC vs. Web3 venture investing with industry experts. 1:57 - Crypto investing and the future of Web3 with Brooke and Steven. 5:44 - Venture capital investing and deal sourcing. 12:01 - Fund of funds investing in crypto and blockchain startups. 15:23 - Investing in crypto space, conviction, and market cycles. 18:52 - Investing in Web3, differences from traditional venture capital. 25:56 - Web3 VC investing differences. 29:39 - Web3 investing, market cycles, and their impact on early-stage startups. 35:44 - Crypto funding sources in 2017 and 2021. 39:13 - Crypto cycles, institutional interest, and future growth. 42:17 - The future of blockchain technology and its potential impact on the way we raise funds and participate in projects. 47:40 - Using blockchain for securities and equity assets. 49:41 - Impact of blockchain on IPOs and investor protections.
