Brace for Impact, says Partner at Crypto Investment Firm 3x Capital
Host: Abel Maloum (Co-Founder @ DOT)
Hosted by Abel Maloum (Co-Founder @ DOT Ads) and joined by Ivan Maltsev (Partner @ 3x Capital) - 3xcapital.fund
📖 Read the Interview
Ivan: I think that one more time we will go down and this time might be very soon.
Ivan: But the market is so fast that sometimes you have to make some, I could say brave decisions. So sometimes you feel that you know, the market is overvalued, that the manipulator is fixing his profits and creating a hype like similar situation that we have right now. I'm sure that all this Bitcoin ETF was actually a part of the big manipulation and the whales, they clearly understand.
So when there is a big hype in the top, when the asset has grown significantly, it's a big opportunity to sell. And they have positions, just imagine that they mined in the beginning of 2010, 2011, 2012, when the mining was really huge, so they mined a lot of supply and right now they're distributing it with enormous profits.
My prediction? I think that one more time we will go down and this time might be very soon, we will create a local bottom at around 32, maybe $35,000 per BTC. So I took my invested capital back and I'm holding my profit and using my stable coins in different defi protocols in order to generate additional yield and generate additional points that will be converted into future airdrops.
And of course, I'm using my capital to invest in my business. Also launch different notes on several chains. So that's my personal humble position.
Abel: You started this Web3 journey back in 2016. At this time, a few people knew what Bitcoin was. So I think we can definitely see you as Web3 pioneer it would be great to know if you have an advice you would give to those starting in this space in 2024.
Ivan: Apply to our acceleration. We will work with you carefully together and help you to build your amazing product and of course receive some investments. That's the first one.
The second, I liked something that we discussed about partnership. So carefully select your partner. If you do not have the trust, the complementary skills, the hardworking person that can go through hell together with you. Better not to start anything at all.
And third, spend more time speaking with your clients, with your potential clients, doing interviews, do deeper market research. So structure all data in your data rooms, it'll help you in the future to build trust from investors. When you have a data room that includes all market research, all interviews that you have done during the past year, it'll be a valuable asset when you will be doing your fundraising in the future. So you will be able to rely on the facts, on numbers, instead of speaking about that someone wrote in the article or you are guessing about something you can rely on your information and you understand how you created it.
The best fundraising strategy will be to come with the results and come with the metrics that different investors expect from you. So if you go to a fund that invest in the pre-seed stage, you probably will go with a great product, with some community that you have built with some basic metrics regarding your clients that you have onboarded.
So, my point of view for different types of investors, based on their stages, based on their investment focus, their risk appetite, you can have different metrics prepared. So you should know your metrics and be ready to showcase the product, to showcase the data room.
Abel: You also invest yourself. From your perspective what makes you decide to invest in a business? You´re not allowed to say the team. I know it's your criteria number one.
Ivan: From my point of view, the financials are crucial. So how the team is planning their financials, how the team is completing their audits, their reports, how they save all this information in the data room. How it looks, how it works. Are their predictions regarding their, like, not predictions, projections of their revenue reasonable, or they are overestimated?
So usually they're overestimated. So you need to challenge all numbers. And if the founder can defeat the numbers, it is very strong characteristic of the founder because it gives me an understanding that yes, every number that I see in the deck, on his market overview slide, on his projected P&L slide, or some other slides, were thoroughly researched and put it there.
Truthfully, it's really important to have true numbers. And the explanation from the founder: where did you find it? Did you do your own research? You checked with other platforms? Who provided these numbers? My analyst found this number, you know, and you are challenging with the numbers.
So, the second thing, after the team, I can say it's numbers. So everything that is connected to their metrics, their financials, their plans, of course their valuation. So all the time we need to challenge valuation in order to understand what is behind the valuation.
👉 Top Growth Strategies
We dive into the techniques, and valuable strategies top founders and marketers from crypto brands such as Trezor, Koinly, and Nebeus use to transform their growth. Our conversations offer a raw insight from the very best in the space.
👉 Who Are We?
DOT Ads: The crypto ad network with a Google Ads-like experience. Discover our self-serve ad platform and get your ads on 300+ crypto sites.
DOT Marketplace: The Amazon of Crypto PR. Get sponsored articles & press releases from top sites like BSC News & Benzinga to amplify your brand.
📍 Find Us
Website: dotaudiences.com
Linkedin: Click Here
Twitter (X): Click Here
Youtube: Click Here
📧 Contact us
hello@dotaudiences.com for guest appearances and collaboration inquiries.