Bears hibernate during the coldest months, but there’s nowhere to hide from a bear market during a crypto winter. As the entire industry faces what appears to be a long period of uncertainty, young founders need to find a way to keep the funds flowing. But how?
This hot topic is why we’re so happy that industry veterans Flori Marquez, Founder and COO at BlockFi; Nikil Viswanathan, Co-Founder and CEO at Alchemy; and John Wu, president of Ava Labs, will join us onstage for a panel discussion called “Fundraising in Crypto Winter” at TC Sessions: Crypto on November 17 in Miami.
If anyone understands the highs, lows, and overall volatility of the crypto market, it’s the three people in this panel. Marquez’s BlockFi recently signed a deal that gives FTX US the option to buy its established cryptocurrency lender. Alchemy of Viswanathan, one of the fastest-growing companies in technology history, last February raised a $200 million Series C1, valuing the web3 developer infrastructure startup at just over $10 billion.
Meanwhile, Wu’s Ava Labs reportedly raises a $350 million round and looking at a potential valuation of just over $5 billion. It is a wild season for both bulls and bears.
We’re curious to hear the panel’s views on how fundraising, cap tables and valuations have shifted given market conditions – and whether startups will see a recovery in the near term.
We will also ask these founders what their focus is when it comes to investing in crypto startups or projects, and which sub-sectors are most likely to grow in a bear market. Learning how these three operators have built and scaled their own startups through past turbulent cycles in the crypto markets will be informative.
Both Marquez and Wu entered cryptocurrencies from traditional financial backgrounds, while Viswanathan comes from Big Tech. Hearing how fundraising in the crypto space differs from those worlds – and how it has evolved from past bear markets – will also be a valuable perspective. Don’t miss this undoubtedly fascinating and valuable discussion.
Flori Marquez, founder and COO of BlockFi, oversees the business, customer service, people, engineering and retail product teams. Since founding the company with Zac Prince in 2017, Marquez has built and managed critical functions including the trading, risk, compliance and marketing teams.
Marquez has spent her career managing alternative loan products. She was chief of portfolio management — helping build, scale and optimize a $125 million portfolio — at Bond Street (acquired by Goldman Sachs). She managed all operations from the moment of inception through default and lawsuits.
Prior to joining Bond Street, Marquez helped develop and maintain institutional partnerships at Oak Hill Advisors, a $30 billion fixed income asset manager.
Nikil Viswanathan is the co-founder and CEO of Alchemy, a leading blockchain developer platform valued at over $10 billion. The company is backed by top investors including Coatue, a16z, Lightspeed, Silver Lake, Pantera and many more.
Viswanathan received his BS and MS in computer science from Stanford and previously worked in product management at Google, Microsoft and Facebook. A serial entrepreneur, Viswanathan, co-created the social app Down To Lunch, and it was featured on Forbes’ 30 Under 30 list.
As president of Ava Labs, John Wu wants to open up financial services and products to everyone. He brings more than 20 years of expertise as a fintech executive and technology investor to create a blockchain-enabled solution for generating, issuing and trading financial assets.
Previously, Wu built and led the digital assets business at SharesPost, where he was CEO of the Digital Assets Group. Prior to that, he was a technology investor and the founder of Sureview Capital, a global hedge fund backed by the Blackstone Group.
Wu began his investment career at Tiger Management before managing a global technology portfolio at Kingdon Capital. He received his MBA from Harvard University and a BS in economics from Cornell University.
TC Sessions: Crypto will take place on November 17 in Miami. Take advantage of our Early Bird pricing and save $150. Buy your pass today and join the leading voices and visionaries in the blockchain, DeFi, NFT and web3 communities.
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