In this episode of the Fundamentals podcast, we’re joined by James and Vincent, the founders of Modular Capital – a crypto investment firm with a fundamental and thesis-driven approach.
In this episode, we discuss Modular Capital, their investment strategy, the underwriting process, and how they work with the projects they invest in.
We discuss what makes crypto interesting, and what the most common misconceptions are that traditional investors have about the asset class. We speak about the pros and cons of liquid venture, the role that data plays as part of the investment process, and walk through some case examples of investments Modular has made. Finally, we discuss what developments James and Vincent are most excited about in crypto right now. Tune in for a great discussion about the fundamentals of crypto.
Timestamps:
00:00 Introduction
01:10 First impressions of Base
04:10 James’ introduction & background
06:13 Vincent’s introduction & background
07:38 Overview of Modular Capital
10:51 The problem that Modular Capital solves for investors
12:10 What makes crypto interesting from an investor’s point of view?
17:38 Biggest misconceptions that traditional investors have about crypto
20:36 Traditional vs. liquid venture: pros and cons
25:34 Is liquid venture more resource intensive?
29:28 What do fundamentals mean in crypto?
31:00 Modular Capital’s investment underwriting process
33:15 Data’s role in the underwriting process & what metrics does Modular focus on
38:03 Case: dYdX
43:47 Case: Across
47:24 How does Modular work with the projects they invest in?
49:40 What trends or market sectors currently stand out?
56:42 The biggest challenges that funds face in crypto today
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