Recap from Startup Grind Triangle Event: Discussing everything Crypto!

August was #crypto month at Startup Grind and we hosted the team from Morgan Creek's digital asset team. This team is made up of Anthony "Pomp" Pompliano, Mark Yusko, and Jason Williams. We discussed everything Crypto including Blockchain, Bitcoin, the future of tokenized securities and much more.
Here are some of the key points shared to help keep you in the know:

• Hedge Funds now shifting to focus on Crypto currencies and launching Bitcoin Funds
• Top talent from tech firms are leaving for Crypto
• Per investment success it's key to follow the money and follow the talent (ie In 1997 some of the best people started leaving top established companies to go to internet companies). Follow the migration of talent.
• Opportunity shifting from Internet to mobile and now future coming 2024 is the TrustNet, Crypto opportunities
• Think "Picks and Shovels" per opportunity viewing. The first person who discovered gold in California did not necessarily get rich as they pursued the little nuggets, but it was the people after who formed companies selling the pics, shovels, and pans to millions of people that made millions.
• Tokenized digital securities blockchain crypto phase is coming vs. this analog paper money system of the old that is shifting away. Get ready to catch the wave.
• Analog world shifting to digital world ie. Think of record to CD to MP3, think of letter mail and stamps to email, financial assets going to digital, get off zero, having zero investment allocated to Crypto is not smart based on where world is shifting per financials going digital.
• What the internet did for email and what the mobile phone did for ecommerce, TrustNet per digitizing securities and Crypto(Bitcoin) digital transformation, will be the biggest revolution we'll see in our lifetime. Imagine paying for rent with shares of your IBM. A future of this will exist.
• Equity market is overvalued right now so would put money in crypto. (Networks based). For Blockchain the wealth will be in the protocol. Tens and hundreds of trillions in value coming soon.
• Think who invented the internet? Not Al Gore, mainly it was Vint Cerf. Is he rich? Not really, but who is? Internet companies that rode upon this technology like Mark Z from Facebook. Think about it, Facebook is not free. If the service is free you're the product. You pay with your time/actions on platform.
• Recommend put 1% of wealth in Bitcoin asset class for you if you lose it low risk, but good chance it can generate 100x.
• Don't focus on minimizing expenses when investing like worrying about 2% management fee, focus on maximizing your profits with best people and investment channels. Always pay for quality.
• Top three takeaways on Crypto Currency: 1. Blockchain era and technological evolution that is Blockchain technology is just getting started. Technological break-throughs happen in approx 14 year cycles (ie. computers, internet, mobile) so 2024 will be TrustNet, ie. Crypto currency movement. We are just getting started so super early. Good time to still get in 2. Networks hard to value, grows non-linear, but remember open source wins. Think RedHat. Bitcoin will be like that angle in this new transformation. 3. Every investor needs exposure to Crypo currencies or you're missing the big new transformation. Get off zero % and at least try a small %. Bitchain Blockchain transactions has not experienced one fraudulent claim out of millions transactions. Decentralized and digitized secure trust based platform technology will win. JP Morgan put out 190+ page report saying this movement is real. Worth checking out...

Thank you Mark for the amazing talk and great wisdom sharing. Thanks to Justin and the entire team at Agio for supporting the #SGBlockchain event tonight. Also, special thanks to the sponsors this evening with great beer from Lonerider Brewery, delicious food from Big Al's BBQ, and great facility with Spaces in Raleigh! Lastly, a flash sale was announced for the Startup Summit conference so check it out at: http://startupsummitnc.com/. Thank you Mark Bavisotto.
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What Is Startup Grind?
​Startup Grind is a global startup community designed to educate, inspire, and connect entrepreneurs. We host monthly events in 200 cities and 85 countries featuring successful local founders, innovators, & investors. The monthly events are open to anyone interested or involved in startups and there are no annual or membership fees.