Avichal - Electric ⚡️ Capital

Entrepreneur; Founder @ElectricCapital; Investor: @anchorage @bitwise @boomaero @cruise @deel @dydx @nearprotocol @newfronthq @notionhq @magiceden @pulley

[Avichal - Electric ⚡️ Capital @avichaI__]

1/ @ElectricCapital has raised $1 billion in new capital, our largest fundraise yet.
The web3 economy built on top of the programmable money stack will be one of the defining disruptions of the 2020s.
Where are we going to invest $1 billion?
https://t.co/m6p65W8AZ2

👇

[Yin Wu @yinyinwu]

0/ Compensation is hard to get right.

I gave a talk to @ycombinator founders on hiring & comp for startups on the lessons we learned scaling @pulley from 15 to 50.

Here's what I shared on startup comp👇

[Matt Huang @matthuang]

We are shocked by the revelations about FTX, Alameda, and SBF.

[SpruceID (we're hiring) @SpruceID]

Now commencing phase one of the Bring-Your-Own-Data Revolution 🚀

Introducing SSX - Self-Sovereign Anything - now the easiest way to install Sign-In with Ethereum, enable DAO Login, and more.

https://t.co/c9uKzppCwl

(🧵1/7)

[Yin Wu @yinyinwu]

I'm giving a talk on how to navigate comp and hiring in a downturn. Looking forward to meeting with 300+ founders at @ycombinator’s women founders summit!

If you’re a YC alum, would love to see you there

If you can't make it, LMK if you want @pulley to host an event on this

[Avichal - Electric ⚡️ Capital @avichaI__]

This one account on Twitter is doing a better job of covering the FTX and SBF news than the entirety of the @nytimes.
The Internet won. Citizen journalism won.

[Autism Capital 🧩 @AutismCapital]

The NYT article was unquestionably soft. They're in a precarious situation. On the one hand, Sam stole $10 billion. On the other, Sam represents globalist values they love. And on the whole, they've promoted him and he is a huge dem donor. This is why we need citizen journalism.

[Electric Capital ⚡️ @ElectricCapital]

We were not investors in FTX. We never bought FTT or SRM. We never traded with Alameda. We have ~$125K stuck on FTX exchange that was used to help a portfolio company.

The entire situation is tragic. We are focused on helping founders and friends who have been impacted.

Onward.

[Ellipsis Labs @ellipsis_labs]

1/ Recent events in crypto have highlighted the need for a decentralized and transparent financial system.

Solana is still the best place to build it.

We’re excited to announce Phoenix, the first limit order book DEX that is fully on-chain, non-custodial, and crankless.

🔥���

[Seth Rosenberg @SethGRosenberg]

The collapse of a centralized casino actually demonstrated the need for crypto (self custody, transparency etc.)

But what are the actual use cases of crypto and why does it matter?

I'm doing a deep dive on one of them: DeFi lending

https://t.co/R4mwsNLnjq

[Avichal - Electric ⚡️ Capital @avichaI__]

In retrospect, there were signs everywhere.
On Aug 18, 2022 the FDIC stated that
https://t.co/P8mmC65JWC was lying about having FDIC insured accounts.
Were other regulators paying attention?

[Pat Toomey (US Sen. ret.) @SenToomey]

Congress’ failure to pass legislation creating regulatory guardrails for crypto trading, combined with the complete hostility and lack of transparency by @SECGov, has generated a debilitating amount of legal uncertainty.

[EthereumJesus.ETH ⟠🙌🏻🦇🔊 @EthereumJesus]

July 7, 2022 I called this.

[Avichal - Electric ⚡️ Capital @avichaI__]

@ErikVoorhees deserves a lot of respect for everything he's done for the space over the last decade

[Ryan Shea @ryaneshea]

We need to give @ErikVoorhees some love

He debated SBF on video & single-handedly exposed his regulatory plans as poorly thought out, incoherent, self-serving & destructive

An incredible demonstration of how intellectual engagement can shine light in dark places

Crypto legend

[Avichal - Electric ⚡️ Capital @avichaI__]

Dear @avalancheavax ecosystem - What are the best dashboards, explorers, and resources to understand what's happening in the ecosystem?
@el33th4xor @kevinseknigi any nonobvious pointers?
Posting publicly so others can find it later.

[Varun @GandalfTheBr0wn]

Bear markets like 2001, 2008, and 2022 are a rare opportunity to build an enduring company, protocol, and community. Stay focused. Keep building.

[Ken Deeter (puntium.eth) 🦇🔊 @puntium]

It's increasingly clear that radical transparency is a defining feature of DeFi

Open source built a software stack we can trust.

Open financial data will build the financial system we can trust.

[Ahmed Men ⌘ @demtzu]

Introducing Lazy, a capture tool for knowledge.

[Syndicate @syndicateio]

🎙 "Building & Investing Through Crypto Winters"

💬 @avichal, Co-Founder & Managing Partner @ElectricCapital

👥 Co-host: @SyndicatedTalks

🗓 Mon, Nov 7
⏰ 5pm PT // 8pm ET

https://t.co/xvE3cKEpb3

[Agentic Data Intelligence @agentic_data]

Blockchain analytics today is difficult, slow and limited in scope.

We are here to fix it!

We just completed the first close of our Series A round with $12M committed to accelerate our journey. https://t.co/laaDoVV1MB

Here's what we are building: 🧵

[Elizabeth Laraki @elizlaraki]

Web3 still has a long way to go when it comes to UX design.

Common tasks are confusing, hard, and risky.

After 20 years of designing the biggest web2 products, I've learned that making simple, intuitive, trusted products boils down to these 3 fundamentals: 🧵

[Katie Haun @katie_haun]

While I do think winning in court is important, in the case of the CFTC’s recent enforcement action against *all* DAO members who voted, litigation could take a while and the chilling effect is real. We're pursuing a path that may bring clarity sooner
https://t.co/mal4sZ1ZnX