Making Markets Colossus

My guest today is Tony Cappell, the Founding Partner at Chicago Atlantic. In 2018, Tony saw an opportunity to do private credit in Cannabis and has since built Chicago Atlantic is the largest lender in the space. We start by talking about the early days of Chicago Atlantic. We then move on to the challenges of underwriting in Cannabis, his views on the industry and on competition from other lenders. We end with a discussion on the overall private credit market. Please enjoy this conversation with Tony Cappell. 

For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
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Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes
(00:00:00) Welcome to Making Markets
(00:02:31) Entering the Cannabis Private Credit Market
(00:04:54) Challenges and Opportunities in Cannabis Lending
(00:08:12) Market Segmentation and State Regulations
(00:11:51) Credit Risk and Market Dynamics
(00:15:12) The Life Cycle of A Cannabis Deal
(00:20:12) Diversification Across State Regulations
(00:23:47) Brand Power and Regulatory Concerns
(00:28:13) Impact of 280E and Rescheduling
(00:33:13) Private Credit and Investment Strategies
(00:36:44) Challenges and Opportunities in Cannabis Lending
(00:45:12) Private Credit Market Outlook
(00:50:31) Entering Into an Agreed Asent in Cannabis Investing
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My guest today is Tom Dunleavy. Tom spent a decade in traditional finance before moving onto Web3. Today he is the Managing Director of the Crypto VC firm MV Global. We start this conversation by exploring the current state of public and private crypto investing. Tom then outlines the process of raising capital, the role of Key Opinion Leaders, the meta-use case of crypto and the implications of on-chain liquidity. We then close on the regulatory environment in the US. Please enjoy this conversation with Tom Dunleavy. 

For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
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Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes
(00:00:00) Welcome to Making Markets
(00:01:15) Exploring the Dynamics of Public and Private Crypto Investing
(00:06:49) Unpacking the Process of Raising Capital in Crypto
(00:14:01) The Role of Key Opinion Leaders (KOLs) in Crypto Funding
(00:19:49) Evaluating Different Sources of Capital
(00:25:31) The Growing Theme of Chain Abstraction
(00:29:59) Navigating the Regulatory Landscape and the Future of Crypto
(00:33:51) The Political Nature of Crypto
(00:27:10) The Next Catalyst For Crypto
(00:40:41) Final Thoughts and the Road Ahead for Crypto
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My guest today is Corey Kluber. For those who don’t follow baseball, Corey Kluber was a 3-time MLB all star and one of the great pitchers of the last decade. Today, he takes us on quick tour through his career and what it takes to succeed as an elite athlete. We also talk about the market for athletes, his strong views on childhood athletics, his plans for the future and more. As a Boston resident, it was an honor and privilege to interview a former star from the Boston Red Sox. Please enjoy this episode with Corey Kluber.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
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Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes
(00:00:00) Welcome to Making Markets
(00:03:16) The Evolution of Youth Sports and Parental Pressure
(00:04:06) College Athletics, Scouting, and the Draft Process
(00:11:53) Navigating the Professional World: Agents and Contracts
(00:16:04) The Impact of NIL on College Sports and Beyond
(00:19:25) Economics of Being a Pro Baseball Player
(00:22:00) The Mindset of a Professional Athlete
(00:24:08) Insights into Player Perspectives and Offseason Dynamics
(00:32:02) Transitioning from Professional Sports to Retirement
(00:33:33) Media Relations and Athlete Narratives
(00:35:04) Improving Baseball's Appeal and Pace of Play
(00:40:27) The Future of Baseball and Labor Relations
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My guest today is Nir Kaissar. Nir is the founder and portfolio manager at Unison Advisors and one of my favorite economic commentators/columnists at Bloomberg. Today, he joins us for a wide-ranging discussion on the US economy. We start with the disconnect between the strong economic numbers and the sentiment amongst the population. We then cover indicators of recessions, the potential for a systemic crisis in Private Equity, the magnificent seven, and more. Please enjoy this excellent conversation with Nir Kaissar.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
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Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes
(00:00:00) Welcome to Making Markets
(00:02:07) Exploring Economic Disparities Amidst a Booming Economy
(00:02:53) The Living Wage Crisis in the U.S.
(00:04:30) Unpacking the Wage Stagnation Puzzle
(00:07:12) The Transparency and Productivity Dilemma
(00:09:18) Innovative Solutions for Economic Inequality
(00:12:41) Government's Role in Redistributing Wealth
(00:18:31) Addressing the Retirement Savings Gap
(00:19:26) Debunking Recession Predictions and Economic Indicators
(00:29:10) The Potential Risks in Private Equity and Real Estate
(00:32:55) The Growing Influence of Private Equity
(00:34:55) The Unprecedented Scale of Private Capital
(00:36:28) The Need for Transparency in Private Equity
(00:38:06) Exploring Systemic Risks and Distribution Concerns
(00:40:37) The Changing Landscape of Commercial Real Estate
(00:43:03) Rethinking Bailouts and Sovereign Wealth Funds
(00:46:29) The Debate on Government Intervention and Economic Stability
(00:56:08) Public Securities and the Magnificent Seven
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My guest today is Aaron Edelheit, the CEO and Portfolio Manager at Mindset Capital. Aaron has spent his career practicing value investing in overlooked industries, like housing after the 2008 recession or Cannabis today. But we start the conversation by talking about another overlooked topic- burnout and the importance of disengaging from work. We then talk about the Cannabis industry, the myths and opportunities, and why Aaron raised a venture fund to invest in Cannabis beverages. This is a timely conversation, recorded just ahead of the news that the DEA will reschedule Cannabis, providing a massive boost to the industry, particularly around taxation. Please enjoy this conversation with Aaron Edelheit.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
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Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes
(00:00:00) Welcome to Making Markets
(00:02:26) Aaron’s Personal Journey: From Burnout to Balance
(00:05:41) The Philosophy Behind Taking Breaks
(00:13:23) Aaron’s Current Investment Philosophy
(00:17:34) Exploring the Cannabis Industry
(00:24:50) Comparing Cannabis to Other Industries
(00:27:02) The Evolution and Challenges of Cannabis Cultivation
(00:31:13) The Venture into Hemp and THC Beverages
(00:32:15) The Disruption of the U.S. Alcohol Market by THC Drinks
(00:40:14) Investing in Cannabis
(00:42:58) The Future of THC Beverages and Cannabis Consumption
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Matt turns the mic on Eric for the quarterly recap where they reflect on a strong first quarter for 2024, the secular trends in market and investment structures, navigating the IPO market, and the next generation of investors. Please enjoy this episode of Making Markets.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
-----
Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @makingmkts | @ericgoldenx
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes
(00:00:00) Welcome to Making Markets
(00:01:21) Analyzing the Strong First Quarter of 2024
(00:03:57) In-Depth Discussion on Inflation and Economic Trends
(00:07:40) Exploring the Power and Influence of the Federal Reserve
(00:09:06) The Dynamics of Private Credit and Commercial Real Estate
(00:14:56) Navigating the IPO Market and Private vs. Public Conflict
(00:16:40) Secular Trends in Market Structure and Investment
(00:20:51) Exploring the Allure of Alternative Investments
(00:22:05) The Evolution of Wealth Management
(00:23:38) The Next Generation: Capturing Gen X and Gen Z Investors
(00:25:13) Fee Compression and the Future of Financial Services
(00:27:29) Bitcoin's Milestones and Market Dynamics
(00:33:34) Reflecting on Making Markets
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