The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy sits down with Arthur Cheong, founder & portfolio manager at DeFiance Capital, Asia's largest DeFi focused crypto fund. The two discuss biggest wins and losses, effective due diligence, traits of successful crypto communities, and more.

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Show Notes:

(1:50) First Question: Arthur’s Intro and What is DeFiance Capital.

(2:17) How long have been the fund around / how many deals have DeFiance done at a high level focus on tokens or equities.

(2:48) How DeFiance works.

(8:12) How Arthur draws the line on new areas to invest in.

(12:30) Differences between traditional venture investing and VC in crypto.

(19:36) Founders / How Arthur sizes up founders /red flags that avoid investing in a founder / anonymous founders.

(31:04) Arthur’s thoughts on founders giving up control to the community.

(33:26) Concentration versus diversification.

(40:53) How Arthur allocates his time to funds or projects.

(43:46) The best advice Arthur’s ever gotten from a crypto founder / the best advice that Arthur’s ever given someone on crypto.

(46:45) How much cash Arthur has in the fund and what he thinks about it.

(48:41) Arthur’s thoughts on global markets and how it affects crypto.

(51:59) Arthur’s thoughts on a situation where governments take a very aggressive stance against crypto.

(55:00) What was Arthur biggest loss, why did he miss it, and what is he going to do for the future so it doesn’t happen again.

(58:36) Arthur’s thoughts on invest in the L1s.



Resources:

Arthur Cheong: Founder & Portfolio Manager, DeFiance Capital

DeFiance Capital Website


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Disclosures: This podcas