Tokens of Wisdom

Dave Rothschild
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Do you love investing? Ever thought about turning that passion into a business? Listen up to learn to navigate the legal loopholes in forming, launching, and running a private investment fund, including considerations unique to digital asset/crypto funds. Dave Rothschild is a partner at Cole-Frieman & Mallon, one of the country's premier boutique investment management law firms with deep experience in traditional assets, as well as esoteric asset classes like digital assets. For questions or comments, email tow@colefrieman.com. Visit our website: https://colefrieman.com

  1. APR 29

    Episode 84: Crypto Prime Brokerage with Matt Boyd, Coinbase

    Episode 84: Crypto Prime Brokerage with Matt Boyd, Coinbase   Matt Boyd, Head of Prime Finance at Coinbase joins the Tokens of Wisdom Studio to explain all things crypto prime brokerage and how to navigate the transition from managing your own money to managing a fund.    Key Points From This Episode:   Crypto custody and the importance of qualified custodians.How Coinbase Prime connects custody, execution, financing, and operations.Best execution in fragmented crypto markets.Leverage and risk management in crypto trading.Staking assets and collateralization in crypto finance.  Disclaimer:   This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us share their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity.   Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/   Links Mentioned in Today’s Episode:   Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Matt Boyd - https://www.linkedin.com/in/matt-boyd-b871b51/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Coinbase Prime - https://www.coinbase.com/prime Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com Watch Tokens of Wisdom on YouTube: https://www.youtube.com/@Tokens_DCR

    42 min

  2. APR 21

    Episode 83: Outsourced CFOs with Eugene Tetlow, V17

    Episode 83: Outsourced CFOs with Eugene Tetlow, V17   Eugene Tetlow visits the Tokens of Wisdom Studio to explain how outsourced CFO shops help new and established fund managers. Eugene is the CEO of V17 Advisors, but he is more widely known for his critically acclaimed role as the first guest host in Tokens of Wisdom history.    Key Points From This Episode:   How does an outsource CFO engagement work? How does it differ from what a fund admin does?What is The Real Value of Outsourced CFO Services?Is "CFO" the wrong title? Should it be "COO" instead?When should a manager consider engaging an outsourced CFO?Will most managers eventually "in-house" this position when they reach a certain size?Is there a common 'hidden cost' that surprises first-time fund managers in their first year?  Disclaimer:   This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us share their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity.   Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/   Links Mentioned in Today’s Episode:   Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Eugene Tetlow - https://www.linkedin.com/in/eugene-tetlow-4b390913/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ V17 - https://www.v17advisors.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com

    30 min

  3. MAR 24

    Episode 82: Reasonable Expectations: How the SEC (Now) Applies Howey to Crypto

    Episode 82: Reasonable Expectations: How the SEC (Now) Applies Howey to Crypto    By now, you’ve all heard about the latest SEC release on the application of federal securities laws to certain crypto assets and related transactions. You’ve probably read 12 law firm memos and seven million hot Tweets on the topic by now. But few of them answer the burning question: what does this mean for digital asset fund managers? Well, today’s your lucky day because Tokens of Wisdom is here to answer that very question.   Key Points From This Episode:   More questionable horror film analogies. Brief summary of what the new SEC release is.Brief summary of what the new SEC release isn’t.How does the Atkins SEC apply the Howey Test differently from the Gensler SEC?Is that reasonable?What does this really mean for fund managers?   Disclaimer:   This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us share their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity.   Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Tired of not Seeing my Face? Check out today’s episode on YouTube: https://youtu.be/b_0x7liMtuA Links Mentioned in Today’s Episode:   Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ SEC Release - https://www.sec.gov/files/rules/interp/2026/33-11412.pdf     Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com

    18 min

  4. MAR 9

    Episode 81: Slopeside with the Summit Syndicate

    Episode 81: Slopeside with the Summit Syndicate   Different episode today, featuring slopeside interviews from our second Summit Syndicate trip of 2026.   The Summit Syndicate is a Lake Tahoe day trip event co-hosted by Cole-Frieman & Mallon, Eisner Amper, V17 Advisors and Juniper Square. We chartered a bus from SF, drove to Northstar, skid a full day and drove back to the city.      We had excellent turnout from industry friends old and new, and even if you didn’t make the trip you can re-live it right here, on Tokens of Wisdom.   If you have crazy fomo right now, reach out to your favorite podcast host and join us for the next trip!   Key Points From This Episode:   What’s one thing you’ve learned on the mountain that you can apply to your work life?  Disclaimer:   This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us share their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity.   Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/   Links Mentioned in Today’s Episode:   Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com

    14 min

  5. FEB 11

    Episode 80: Fair Investment Practices by Venture Capital Companies Law

    Episode 80: Fair Investment Practices by Venture Capital Companies Law   Quick hit today to discuss California's new Fair Investment Practices by Venture Capital Companies Law (“California Regulatory Overreach” as I call it), which mandates venture capital firms to collect and report demographic data about the founding teams of the companies they invest in. I outline the requirements, implications, and potential challenges that VCs may face due to this law, and share my concerns about its practicality and the reliability of the data collected.     Key Points From This Episode:   Who is subject to this new law?What must Covered Entities do to comply?By when must they do all this?My quick takes on this new law.One piece of advice moving forward.  Disclaimer:   This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us share their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity.   Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/   Links Mentioned in Today’s Episode:   Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com

    12 min

  6. JAN 28

    Episode 79: Liberate the Yield with Ronald Falls, Jr.

    Episode 79: Liberate the Yield with Ronald Falls, Jr.   Ron Falls visits the Tokens of Wisdom Studio to shed light on the epic showdown of Brian vs The Banks. We discuss the controversy surrounding yield provisions for stablecoins, the banking industry's response, and the potential future of financial services as digital assets gain traction.    Key Points From This Episode:   The Clarity Act aims to provide a regulatory framework for digital assets.Stablecoin issuers are prohibited from paying interest to holders under the Genius Act.Exchanges have found loopholes to reward stablecoin holders despite this prohibition.The banking industry is concerned about losing deposits to stablecoins offering higher yields.There is a tension between traditional banks and crypto exchanges regarding yield provisions.The conversation around yield is becoming a significant political issue.Technological innovation in financial services should lead to healthy competition and more choices for consumers.Consumers should advocate for better yield opportunities in the digital asset space.  Disclaimer:   This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us share their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity.   Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/   Links Mentioned in Today’s Episode:   Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Ronald Falls, Jr. - https://www.linkedin.com/in/laexecutive9/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com

    31 min

  7. JAN 13

    Episode 78: Outsourced Compliance with Fizza Khan, Silver Regulatory Associates

    Episode 78: Outsourced Compliance with Fizza Khan, Silver Regulatory Associates   Fizza Khan from Silver Regulatory Associates visits the Tokens of Wisdom Studio to enlighten us about all things compliance. From deciding when to engage an outsourced provider to the nuts and bolts of compliance policies and navigating SEC exams, Fizza shares the wisdom.    Key Points From This Episode:   How does an outsourced compliance engagement work? Compliance policies – is it one size fits all, or are they custom to the adviser?What goes into compiling an effective set of policies?How are you involved in regulatory exams?When should a manager consider engaging outsourced compliance?How do you charge for your services? How should I choose the right outsourced compliance provider? What’s the smartest thing a new fund manager can do?   Disclaimer:   This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us share their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity.   Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/   Links Mentioned in Today’s Episode:   Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Fizza Khan - https://www.linkedin.com/in/fizzakhan1/  Cole-Frieman & Mallon LLP - https://colefrieman.com/ Silver - https://silverregulatoryassociates.com/     Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com

    39 min

  8. 12/23/2025

    Episode 77: All the Wisdom from 2025

    Episode 77: All the Wisdom from 2025   It’s a ho-ho-holiday clip show! So many distinguished guests joined the show this year to share their wisdom. I figured, why not share some of their best advice in one EOY clip show extravaganza. If you’re listening to this – not watching – see timestamps below so you know who you’re listening to.   Key Points From This Episode:   4:22: Bert McCooey, Ascent (Fund Admin)  Full episode: https://www.youtube.com/watch?v=sNskOufkTE4&t=282s 5:11: Salman Ali, CBIZ (Auditor)  Full episode: https://www.youtube.com/watch?v=DOYfV7Y86tw&t=4s 6:41: Colleen Fay, Withum (Audit and Tax)  Full episode: https://www.youtube.com/watch?v=Q5Uxppd8dTA 7:31: Phil Graham, Harneys (BVI Counsel)  Full episode: https://www.youtube.com/watch?v=OEMxtK_Yl3A 9:41: Gautam Ganeshan, KMPG (Auditor)  Full episode: https://www.youtube.com/watch?v=wh34IZyb1Ok 11:38: Joe Brennan, Houlihan Capital (Valuation)  Full episode: https://www.youtube.com/watch?v=s8d_ryOckWI 12:16: Kevin Flasch & James Tallarico, Risk Strategies (Insurance)  Full episode: https://www.youtube.com/watch?v=BM_xLPC-q9Y 13:53: Harry Shillingford, Marex (Prime Broker)  Full episode: https://www.youtube.com/watch?v=Hmo3PIdxMH4 15:01: Patrick Colegrave, Forbes Hare (Cayman Counsel)  Full episode: https://www.youtube.com/watch?v=VZSVKiUUtbY 16:34: Darragh Murphy, Marfire (Director Services) Full episode: https://www.youtube.com/watch?v=5Y2ZFlpf8WE Disclaimer:   This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us share their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity.   Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/   Links Mentioned in Today’s Episode:   Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com

    19 min
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About

Do you love investing? Ever thought about turning that passion into a business? Listen up to learn to navigate the legal loopholes in forming, launching, and running a private investment fund, including considerations unique to digital asset/crypto funds. Dave Rothschild is a partner at Cole-Frieman & Mallon, one of the country's premier boutique investment management law firms with deep experience in traditional assets, as well as esoteric asset classes like digital assets. For questions or comments, email tow@colefrieman.com. Visit our website: https://colefrieman.com

Information

  • Creator
    Dave Rothschild
  • Years Active
    2022 - 2026
  • Episodes
    84
  • Rating
    Clean
  • Copyright
    © 2026 Copyright © 2022 - Dave Rothschild
  • Show Website
    Tokens of Wisdom