NFTs, Metaverse, Web3, and new realities of startup investing, with Founders Co-op’s Aviel Ginzburg

Founders’ Co-op General Partner Aviel Ginzburg. (Founders’ Co-op Photo) So much of what happens in the startup world comes from serendipitous moments, random interactions that lead to fresh insights and new collaborations. And so much of that has traditionally happened at events, meetups, coffee meetings, and other in-person gatherings. Two years into the pandemic and remote work, what are the implications? That’s our first topic on this episode of the GeekWire Podcast with entrepreneur, software engineer and investor Aviel Ginzburg, general partner at Seattle-based seed-stage venture fund Founders Co-op. The…

Why a Crypto Investor Wants to Educate Latinos About Investing in Web3

Web3 Familia founder Orlando Gomez is a new crypto investor and got inspired to teach others. Gomez, a former investment banker, plans to educate Latinos on how to invest in Web3. So far, Web3 Familia has over 600 members on Discord and hopes to have 1 million by 2023. It was during an internship with Harlem Capital, an early- stage venture capital firm that invests in diverse founders, that Orlando Gomez realized more capital was being deployed into Web3 startups. After completing his internship at the VC firm last November,…

How the Ethereum-Based Ampleforth’s 50% Crash Shows DeFi Investing Risks

The DeFi craze may have finally gone too far, leading investors into disaster as some top industry analysts had forewarned. Ampleforth, an altcoin that recently flash pumped by over 700,000%, just collapsed by over 70% wiping out investor’s gains and then some. The fast rise followed by an abrupt crash underscores the potential downside risk of decentralized finance, now that the upside as officially ended. Decentralized Finance Enters Drawdown Phase Following Bitcoin and Ethereum Rally At the start of 2020, skyrocketing interest in decentralized finance caused Ethereum to close seven…

Partner at $500 Million Fund Explains Key Criteria For Investing in Startups

Partner at Initialized Capital Brett Gibson revealed the main criterias used by his VC firm to invest into early stage startups and shared his views on the most promising products on the market. Initialized Capital invests in early-stage companies before they get to product/market fit, which means they still need to develop a product that meets the needs for the market. On that stage, Initialized Capital looks at the start up founders as the main criteria for investing. “Before you actually know what the product is and what market exactly…

Wall Street Firms Advise Clients Against Investing in Crypto, Says Wealth Manager

JPMorgan Chase and Goldman Sachs are advising their clients against Bitcoin (BTC), according to one American wealth manager.  Adam Pokornicky, chief operating officer at Digital Asset Investment Management (DAIM), a U.S.-registered investment advisor for digital assets, claimed that his firm almost lost a client due to the banks’ intervention. In an interview with Cointelegraph, Pokornicky described his client as a lawyer and a “high net worth individual”, adding that they’ve been acquainted for a long time. “He’s both a friend and someone I’ve worked with over the years,” the wealth…

‘Rich Dad’ Author’s Dangerous Investing Tip Will Leave You Laughably Poor

Rich Dad Poor Dad author wants you to buy silver on account of its profitability. If economists are to be believed, the world is likely headed for deflation. Traditionally, precious metals have been used as a hedge against inflation, not deflation. The author of the best-selling personal finance book Rich Dad Poor Dad, Robert Kiyosaki, is discouraging Americans from saving the $1,200 coronavirus stimulus checks they will get from Uncle Sam. Instead, Kiyosaki wants them to purchase commodities such as silver. In a tweet, Kiyosaki urged his followers to “buy…

What’s Stupider Than a Carnival Cruise This Pandemic? Investing in the Stock

Cruise line stocks close their worst month in history with staggering double-digit declines. Carnival Cruises leads the collapse with a 33% decline as its infected ships beg for entry into Florida. Florida’s governor DeSantis will only allow Floridians ashore. And the U.S Coast Guard is advising the ships to stay at sea — even as bodies pile up on board. The industry may never recover from this PR nightmare. And the Trump administration is unlikely to offer a bailout. The cruise industry has once again led the market to new…

Bitcoin Momentum Investing — Does Buy the Dump, Sell the Pump Work?

This week as equities markets plummeted across the globe, Bitcoin (BTC) price also faced a sharp correction. Over the past week Bitcoin price has dropped $1,500 and currently trades at $8,454, a new four week low.  Since the start of the year Bitcoin and most major altcoins showed an impressive gain in price, leading analysts to suggest that a bull-run was brewing for 2020, an idea now being challenged by the current pull-back.  As has been the norm, on one side, there are bullish enthusiasts aiming for sky-high valuations; on…

The Warren Buffett Era of Investing is Over. Elon Musk Proved It

Warren Buffett underperformed the stock market by 20 percentage points in 2019. His classic ‘value investing’ strategy is no longer effective in this new financial market. The rapid rise of innovation and growth stocks like Tesla usher in a new era of investing methodology. For decades, Warren Buffett has been the king of investing. But the strategy that made him the third-richest man on the planet is dead. Buffett underperformed the stock market by 20 percentage points last year. And he missed most of the biggest success stories of the…

Buy the Pump, Sell the Dump — Does Momentum Investing Work in Bitcoin?

Since the start of the year, Bitcoin (BTC) price has been as high as $9,200 — a 2-month high — while going as low as $6,900 on Jan. 3. Bitcoin’s volatility is one of the most frequently discussed issues that arise when investors evaluate Bitcoin as an asset class. However, its volatile behavior is what provides an opportunity for investors to take advantage of the price movements and make a profit.  Following predictions as optimistic as the $100,000 forecast based on the stock-to-flow model, investors may foresee another period of…