Collin Erickson

Founder of Overmatch Capital. Other interests include: running, hi-fi, wine, talking to strangers.

[Collin Erickson @EricksonCC]

I’m so uninspired with crypto rn that I might buy BTC.

Or make popcorn for the Saylor show.

[Collin Erickson @EricksonCC]

@AkhiBera Have the name? Curious to learn more.

My working theory is that truly new products will have to be near instant decisioning / disbursement with inconceivably high turnover. Probably advances vs loans so originators can still make $ without large avg outstanding balances.

[Collin Erickson @EricksonCC]

Aside from crypto, what net new financial products has blockchain technology enabled?

I see stablecoins solving pre-funded account balances (“PayFi”, or “Settle-Now-Pay-Later”) as the sole example.

What am I missing?

[Collin Erickson @EricksonCC]

The lack of clarity on the CLARITY Act is, amusingly, providing clarity.

https://t.co/A1FEFlfe9A

[Collin Erickson @EricksonCC]

Call me crazy but the impression of high quality work / product seems to trump the quality of the actual work itself.

Subject matter “experts” via socials

Website quality = auto credibility

Press releases drive product vs the inverse.

What else?

[Collin Erickson @EricksonCC]

It’s all a song and a dance until banks issue stablecoin denominated credit. @BlackRock issuing a yield bearing alternative to a deposit is strong signal, but I’m still focused on how chartered banks (eg @ereborbank) approach this matter.

[Collin Erickson @EricksonCC]

A productive asset derives its value from something other than pure speculation.

With that in mind: if there is an active borrow/lend market for an asset, does that alone make it a productive asset?

Come on econ kiddos

[Collin Erickson @EricksonCC]

Are we really going to wait for banks to start issuing credit in stablecoins before we see something between treasuries and equities succeed onchain?

[Collin Erickson @EricksonCC]

@gawc1uuu Hmmm recursive 😂

[Collin Erickson @EricksonCC]

@galaxyhq / @Sharplink $125M onchain yield fund. @CoinbaseAM ‘s CUSHY.

Nobody’s getting yield in crypto. Some are turning to well known managers to do it.

I bet these managers generate outsized returns through offchain means. Pass it back via stables.

There’s no magic

[Collin Erickson @EricksonCC]

Just spoke with a college sophomore who has a more fundamental understanding of defi risk than anyone I’ve spoken to in the space, ever.

There is hope

[Collin Erickson @EricksonCC]

Who knew influencers might be the downfall of the commercial DJ? Apparently you can host a ticketed, get an influencer to show up, “do a brand deal” to serve said influencer’s non-alc Negroni… and save yourself $100K on the DJ booking fee.

Learned that this weekend. Gen Z wild

[Collin Erickson @EricksonCC]

@AkhiBera What may change is how asset issuers manage their capital stack… eg hold back money to fund redemptions. but without meaningfully superior terms vs tradfi, the cost of capital drag becomes too high. It becomes circuitous: why would crypto take subpar terms?

[Collin Erickson @EricksonCC]

What would be funny is if crypto could convince tradfi to be exit liquidity for assets that don’t even have it in trad markets

[Collin Erickson @EricksonCC]

@AkhiBera Might know a guy ;)

But actually, this expectation is not possible to manage. money itself implies a willingness to bear duration risk. Without that willingness, crypto capital will be stuck “securing networks” and “allocating to vaults”

[Collin Erickson @EricksonCC]

I hadn’t even thought about how all these AI IPOs are just exit liquidity funded by American retirement plans… until last night.

Time for unweighted S&P500 exposure or are we into it?

[Collin Erickson @EricksonCC]

@AkhiBera Most definitely 😂

[Collin Erickson @EricksonCC]

Does everyone change their biz model based on the latest hype cycle or were the teams I met 2-4 years ago really ahead of their time?

[Collin Erickson @EricksonCC]

Founders get too wrapped up in equity valuations imo.

Particularly, if your valuation meaningfully decouples from your business fundamentals, the less exit opps you have…

Chasing unicorn over cash in hand is a curious endeavor…

[Collin Erickson @EricksonCC]

Tell me you have a plan 😂

https://t.co/UzWBr4U5qa