Jake Brukman is an computer scientist who worked at work Amazon And on Wall Street before he founded coin finds, one of the first risk capital companies was devoting themselves to investing cryptocurrencies. He is also the latest guest in the new Podcast Crypto Playbook from Fortune (available SpotifyPresent Apple And YouTube) Where Brukman shared his findings based on a decade of investing and gave some very practical tips for those who came to this market for the first time.
His first advice for newcomers is that it is the safest way to choose important cryptocurrencies with a defined track record. If you do this, investors can obtain crypto exposure and benefit from their upswing and can also stay away from the hyper-volatility and direct fraud that can get by with newer projects.
“As a New Participant Just Entering the Space, it is absolutely much safer to stick with the big names. You’re not going to go wrong if you are investing in Bitcoin, investing in Ethereum. Established Communities and Ecosystems, ”Said Brukman.
Cooinfund was lucky enough to invest in Ethereum when it was only 60 cents compared to the almost 4,000 US dollars that it is for today, but his advice still applies.
In the podcast, Brukman continued to notice that the crypto industry, how the crypto industry is mature, have arisen a number of standards and guardrails to ensure that blockchain projects are managed responsibly. These new practices mainly focus on token management and the creation of incentives for founders and investors.
In the past, Blockchain Project founders in the past during the initial coin, which Mania offered from 2016, would heal to sell millions of tokens to retail investors – and then not enforce their plans, which pursues the price of the tokens for break -in or collapse as a whole.
Today Brukman finds that responsible projects will include governance measures to protect investors and to restrict the distribution of their token deliveries over a period of several years. He says that 90% of Crypto projects that coinfund decides to have these attributes – which is a fairly clear indication that newer investors should also look for these qualities before they put their money down.
Finally, Brukman said that his fund of projects wrote away with anonymous founders. Although this seems obvious, it is worth remembering that the original attractiveness of crypto was a new form of money for many people who were not controlled by the governments and which protected the privacy of its users.
The most famous example is of course Bitcoin, whose founder Satoshi Nakamoto has never revealed his identity. Satoshi enjoys an almost mythical status for the crypto fans to build the first and most successful blockchain, and to act with complete integrity – but unfortunately he is the exception, not the rule. The following projects of anonymous founders have usually proven to be fraud.
Brukman says that Coinfund has supported founders whose privacy is completely open to the selection of social media, to those who protect their identity with pseudonyms. But he says that the company always takes a point to know who they are dealing with before investing.
“From our point of view, we have never had to invest in something that had a purely anonymous founder. We have never found a project where you know that it was so important to invest in him that we should have taken this risk of the anonymity of the founder, and so we just didn’t do it,” he says.
You will find the entire interview with Brukman and the first three episodes of Crypto Playbook. Here.
On the new assets Crypto Playbook Wodcast, AssetsThe senior crypto experts decode the greatest forces that shape crypto today. Observe or listen now
