67 episodes

Web3 Breakdowns is a series of conversations exploring innovation in the decentralized internet. Each episode will focus on a different topic - we will cover NFT projects, crypto assets, blockchain-based protocols, and businesses being built with Web3 architecture. We will talk to founders, artists, investors and influencers to understand this emerging ecosystem. Visit joincolossus.com to find more episodes, transcripts and a library of content to continue your learning.

Web3 Breakdowns Colossus

    • Business
    • 4.9 • 54 Ratings

Web3 Breakdowns is a series of conversations exploring innovation in the decentralized internet. Each episode will focus on a different topic - we will cover NFT projects, crypto assets, blockchain-based protocols, and businesses being built with Web3 architecture. We will talk to founders, artists, investors and influencers to understand this emerging ecosystem. Visit joincolossus.com to find more episodes, transcripts and a library of content to continue your learning.

    Mike Dudas: Apprentice to Entrepreneur to Investor

    Mike Dudas: Apprentice to Entrepreneur to Investor

    This is Eric Golden and my guest this week is Mike Dudas. Mike started his career at Disney, helped build Google’s payment business, and worked at Venmo before taking the plunge into entrepreneurship and crypto full-time. He co-founded two businesses and is now an early-stage investor at the firm he started, 6th Man Ventures. We cover his career arc and dig into the highs and lows along the way before discussing what has him most interested in Web3 at the moment. Please enjoy my conversation with Mike Dudas.
     
    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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    This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.
     
    -----
     
    Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, 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: @Web3Breakdowns | @ericgoldenx | @patrick_oshag 
     
    Show Notes
    [00:02:11] - [First question] - Why it seems like he’s so connected across different networks 
    [00:04:51] - Whether or not he always wanted to be an entrepreneur
    [00:06:30] - When crypto entered the picture for him  
    [00:09:19] - Why he didn’t jump in earlier after being fully aware of the potential of crypto
    [00:10:44] - What taught him the skills he needed to confidently step into the startup space
    [00:13:29] - Being in the business of manufacturing courage 
    [00:15:01] - The transition from Button to The Block in 2018
    [00:20:54] - Recruiting people to the journalistic side of cryptocurrency 
    [00:22:24] - Promise-driven sales and having strong convictions that are loosely held  
    [00:29:34] - Things he said as a Bitcoin maximalist that he regrets
    [00:30:33] - Selling The Block and what happened in the aftermath  
    [00:38:11] - What lead him from The Block into venture capital 
    [00:41:47] - Going from a 7 million dollar fund to a 140 million dollar fund 
    [00:43:27] - How he sees the pre-seed and seed stage focus in crypto playing out 
    [00:48:04] - What the most exciting area is today and the deals that come across his desk
    [00:49:51] - How much of Twitter is a personal outlet for him and how he handles it 
    [00:54:05] - What he’s most excited to see built over the next six months and six years

    • 56 min
    Magdalena “Mags” Kala: Hot Takes on Consumer Culture

    Magdalena “Mags” Kala: Hot Takes on Consumer Culture

    This is Eric Golden and my guest today is Magdalena Kala, or "Mags" as she's better known. Mags has an incredible back story, which involves immigrating from Poland on her own to attend boarding school in the United States. Admission to Harvard and Stanford, working for Bain Capital, and even running a notorious female blackjack ring. She's now the founder of Double Down, an early-stage investor focused on Web3 companies. We discuss her story, how she learned to invest in the consumer space, and why people like the owner of Boston Celtics trust her with their capital. Please enjoy my conversation with Mags.
     
    For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
     
    -----
     
    This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.
     
    -----
     
    Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, 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: @Web3Breakdowns | @ericgoldenx | @patrick_oshag 
     
    Show Notes
    [00:02:23] - [First question] - Her surprising and unique background
    [00:04:31] - To what she attributes her drive and ambition
    [00:05:25] - Her big move from Poland to the US at 16 years old
    [00:07:42] - Challenges in adapting to American culture
    [00:08:57] - Her analysis of the world as a game
    [00:10:44] - How she approaches both failure and risk
    [00:14:10] - Her time with a group of all-female card-counting blackjack hustlers
    [00:16:14] - Her most memorable blackjack game
    [00:17:29] - Getting a start in consumer investing at Bain Capital
    [00:20:24] - Criteria she looks for in consumer investment targets
    [00:23:27] - Analyzing the stickiness of identity-driven consumer brands
    [00:25:58] - Using customer demographics to pinpoint long-lasting brands
    [00:28:18] - Why she goes after cheap partnership arbitrage
    [00:29:44] - The push-pull between exclusivity and mainstream success of a brand
    [00:31:38] - Her transition from Bain Capital to striking out on her own
    [00:34:13] - Why she chose to pursue early-stage VC investing
    [00:36:57] - What drew her to Web3-integrated consumer products
    [00:40:02] - Her focus on mainstream adoption of crypto and blockchain tech
    [00:43:00] - How both traditional brands and crypto natives are impacting the space
    [00:46:34] - The gestation period of a crypto-native brand compared to traditional big brands
    [00:48:46] - Venture pitch deck characteristics she’s seeing in 2022 and 2023
    [00:52:22] - The eccentric non-crypto-native people that back her fund
    [00:54:14] - How she managed to close her fund right before the FTX collapse
    [00:57:35] - Her philosophies for handling both early adopters and mainstream consumers
    [01:00:28] - Her current hot takes on the venture market
    [01:01:42] - How LPs are handling committing their capital in 2023
    [01:03:57] - What she looks for when evaluating founders
    [01:06:06] - Why a founder might want to avoid picking her as an investor
    [01:06:46] - What she’s most excited to see built over the next six months and six years

    • 1 hr 9 min
    Matt Walsh: Crypto Needs Higher Standards

    Matt Walsh: Crypto Needs Higher Standards

    This is Eric Golden, and my guest today is Matt Walsh. Before we start, in addition to our opening disclaimer, I wanted to share that I have known Matt for many years. I’m an investor in his fund, and currently, or in the future, could work with some of the companies he mentions during this episode. With that said, Matt is one of the founding partners of Castle Island Ventures, which invests exclusively in the crypto industry. Including monetary networks, financial services infrastructure, and Web3.  Before founding his VC firm, Matt worked at Fidelity, where he led a number of the companies crypto initiatives. In our discussion, which is far ranging, we discuss how his early experiences in crypto led to building a crypto VC, what themes his fund focuses on, his take on the 2022 collapse, the comparison of prior cycles, and his personal view on the appropriate regulatory response. Please enjoy my conversation with Matt Walsh.
     
    For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
     
    -----
     
    This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.
     
    -----
     
    Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, 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: @Web3Breakdowns | @ericgoldenx | @patrick_oshag 
     
    Show Notes
    [00:02:38] - [First question] - Being labeled as one of the first people to understand Bitcoin
    [00:04:48] - How his relationship with crypto evolved from a curiosity to investing in it
    [00:06:20] - Partnering with Nick Carter and how they came together 
    [00:07:14] - What drove his decision to finally take the leap and become an entrepreneur
    [00:08:40] - Lessons learned from setting up and deploying his first fund
    [00:10:20] - Comparing the crypto space in 2022 to what it was in 2018 
    [00:11:47] - His opinion on what’s happened this year writ large and what it means 
    [00:14:15] - How regulation serves customers better than a libertarian outlook
    [00:16:04] - Thoughts on the best way forward given crypto’s regulatory shortcomings 
    [00:18:13] - Commissioner Hester Peirce - A Regulator’s View of Crypto 
    [00:18:47] - How far away we are from having an active congress involved in crypto 
    [00:20:57] - The notion of retail and yield generating products and why that part of the industry imploded on itself 
    [00:23:22] - Whether or not he’d invest in crypto again given its current state of affairs
    [00:24:14] - Areas and macro trends he’s most excited about today 
    [00:27:26] - How the concept of crypto is more enticing for brands than a public database 
    [00:30:51] - Securities versus non securities and what brands are talking about 
    [00:32:38] - The difficulty of figuring out the real market value of any given project 
    [00:36:20] - How he would approach handling privacy and KYC in DeFi 
    [00:38:31] - Defining financial service infrastructure and where they invest in it 
    [00:40:01] - Some of the market structure bets they’ve made over the years 
    [00:42:17] - How a prime broker would have helped in light of the FTX scandal 
    [00:44:05] - His view on where things stand with Genesis and FTX and how they’ll unfold 
    [00:50:35] - Monetary networks and what has his attention lately 
    [00:52:14] - Why some countries and governments will push back against stablecoins 
    [00:53:26

    • 59 min
    Quarterly Market Recap: Q4 2022

    Quarterly Market Recap: Q4 2022

    Our final quarterly recap to close what’s been an eventful year in the crypto industry. We thought Q2 was full of carnage but Q4 may have topped it. We cover the FTX collapse, the implications for the broader funding and building landscape, and close with Eric’s high-level state of the union. Enjoy.
     
    For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
     
    -----
     
    This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.
     
    -----
     
    Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, 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: @Web3Breakdowns | @ericgoldenx | @patrick_oshag 
     
    Show Notes
    [00:02:10] - [First question] - His reaction to market fallout following the FTX collapse
    [00:09:12] - How crypto tech and infrastructure can outlast its disgraced figureheads
    [00:11:38] - His response to the notion that bad actors are weakening the crypto space
    [00:17:33] - How widespread negative perception of the crypto industry might affect innovation
    [00:24:11] - The impact of this crypto washout on future investment in eccentric founders
    [00:28:22] - Speculations on the magnitude of the domino effect from FTX’s downfall
    [00:35:06] - The precariousness and subjectivity of legal agreements in the space
    [00:37:10] - The level of risk the remaining big personalities of crypto are responsible for
    [00:43:59] - His closing thoughts on the state of crypto in Q4 2022

    • 49 min
    Jared Klee: Web3 Insurance

    Jared Klee: Web3 Insurance

    This is Eric Golden and my guest today is Jared Klee. Jared is Director of Web3 at Vouch Insurance and was previously blockchain project manager at IBM. Our conversation starts with Jared's crypto experience at IBM and how they use blockchain technology to help move mangoes around the world. Yes, mangoes. We then dive into insurance, how Vouch underwrites Web3 startups, and what mistakes most founders make. Please enjoy this conversation with Jared Klee.
     
    For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
     
    -----
     
    This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.
     
    -----
     
    Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, 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: @Web3Breakdowns | @ericgoldenx | @patrick_oshag 
     
    Show Notes
    [00:02:11] - [First question] - What IBM was working on when he was the Director of Blockchain
    [00:04:00] - How an enterprise blockchain works compared to popular blockchains
    [00:05:17] - What it means to secure a network like an enterprise blockchain
    [00:06:30] - Whether or not their process is displacing databases  
    [00:08:01] - Making the jump from a manilla envelope system to a blockchain 
    [00:09:27] - A thumbnail sketch of the insurance world and policies one might need
    [00:13:28] - How the old model of insurance compares to the insurance market today
    [00:17:11] - Strong underwriting practices that ensure policies generate a profit 
    [00:19:59] - Adding risk to their balance sheet when they underwrite projects  
    [00:21:21] - Thinking about underwriting risk as the insurer 
    [00:24:40] - Key factors that allow their model to work   
    [00:25:28] - How founders work through the policy price, coverage, and terms
    [00:28:22] - Why Vouch considers Web3 an opportunity and not a risk 
    [00:32:08] - How the crypto downturn has impacted their underwriting process 
    [00:34:57] - Handling the uncertainty of the future when their clients add leverage 
    [00:38:41] - Base level insurance packages startups should have and when to step it up 
    [00:44:08] - Some of the greatest mistakes he’s seen while working with founders
    [00:47:07] - Examples of smart contract risk going well and badly  
    [00:49:31] - Whether or not more insurers will enter this space over time  
    [00:51:44] - A risk they’ve encountered that was too big for them to engage
    [00:54:09] - What he’s most excited to see built over the next six months and six years

    • 56 min
    GMoney: Status Games at Scale

    GMoney: Status Games at Scale

    This is Eric Golden and my guest today is gmoney. Gmoney is an influential builder, collector, and investor in the NFT community. He shot to fame with a tweet thread explaining why he bought a CryptoPunk for 140 ETH in January 2021 and has since transitioned from full-time equities trainer to builder with Admit One and 9dcc, his crypto native luxury clothing brand. To show just how far he has come in this space, Adidas teamed up with gmoney to bring their brand into Web3. I hope you enjoy this conversation as much as I did.
     
    For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
     
    -----
     
    This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.
     
    -----
     
    Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, 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: @Web3Breakdowns | @ericgoldenx | @patrick_oshag 
     
    Show Notes
    [00:02:23] - [First question] - Context and inspiration for GMoney’s famous Twitter thread
    [00:08:11] - Why he dove into NFTs so aggressively
    [00:09:59] - All-in crypto diversification as opposed to closed-minded crypto trading
    [00:14:05] - NFT collecting in the mainstream
    [00:15:32] - The potential of an NFT as a “digital flex”
    [00:18:24] - The sharp increase in NFT values and the volatility of NFTs
    [00:21:32] - Distinctions between NFT technology and the NFT market
    [00:25:18] - How he landed his deal with Adidas
    [00:27:58] - His transition from traditional trading to the NFT market
    [00:29:26] - His early goals with NFT trading and adaptation as the space evolves
    [00:31:40] - The role of brand deals and influencer marketing in GMoney’s business model
    [00:35:04] - Helping clients and partners understand the NFT space
    [00:37:25] - Incentivising buyers to pay royalties to NFT artists
    [00:39:38] - The future of NFT royalties technology
    [00:40:41] - Divisions of the GMoney empire
    [00:44:07] - Explaining POAPs and their potential in the crypto community
    [00:47:59] - Why he gives out POAPs for free
    [00:48:54] - About 9dcc, the crypto-native fashion brand for real-world gamification
    [00:52:30] - How a POAP transfer works using a 9dcc t-shirt
    [00:54:04] - The communal success of the POAP pop-up event in Miami
    [00:56:03] - Why your net worth equals your network in the crypto universe
    [00:57:31] - Figuring out the optimal volume of POAPs to distribute
    [00:58:21] - What he is most excited to see built over the next six months and six years

    • 1 hr

Customer Reviews

4.9 out of 5
54 Ratings

54 Ratings

Eddie J. Soto ,

Web3 Breakdowns really breakdown the web3 space with some educated guest and conversations

Matthew Graham investment process and really leveraging portfolio management organizations to bring crypto into emerging markets is methodical and thoughtful. I hope his mission is successful

ghynox ,

Finally

It’s awesome to finally find a podcast that deep dives the blockchain/crypto space and consolidates tons of information for easy assimilation. I hope to hear more about sovereign ID in web3 and the importance of being intentional in the creation of this space in order to ensure equal representation for more than just those who are smart and wealthy enough to create blockchain. Good on you guys so far!

klamarre21 ,

Awesome

Well done, keep up the good work!

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