Portal Ventures – Accelerating the protocol economy through business fundamentals | Fundamentals ep.66

Article hero image

In this episode of the Fundamentals podcast, we’re joined by Evan Fisher, the founder of Portal Ventures – a fund that is accelerating the protocol economy through business fundamentals.

Portal Ventures identifies and supports crypto businesses that will define the next generation of our economy. They advise on strategy, roadmap, go-to-market, value capture, fundraising, and more.

Listen to the episode

In this episode with Evan, we discuss Portal Venture, their investment strategy, and how they work with the projects they invest in. We cover what makes crypto interesting, and what the most common misconceptions are that traditional investors have about the asset class.

We also break down the pros and cons of liquid venture, discuss crypto business models, and speak about whether crypto projects are software or marketplace businesses. Finally, Evan shared what he is most excited about in crypto right now. Tune in for a great discussion about the fundamentals of the protocol economy.

00:00 Introduction
00:58 Evan’s introduction & background
02:53 Overview of Portal Ventures
05:12 The problem that Portal Ventures solves for investors
07:40 Is Ethereum a marketplace or a software business?
10:10 The biggest misconceptions that traditional investors have about crypto
Crypto business models & how does Evan approach valuing early-stage projects that don’t yet have cashflows?
The pros and cons of liquid venture
18:24 Portal Ventures’ investment underwriting process: sourcing, diligence, decision-making
22:06 What stage does Portal Ventures invest at?
23:25 Does every investment need to be able to theoretically return the fund?
25:30 How does Portal Ventures utilize data?
27:41 How does Portal Ventures work with the projects they invest in?
31:22 A need for more non-technologists in crypto
32:03 Investment case: Blueprint (Concrete)
35:10 What is Evan most excited about in crypto right now?
37:30 The biggest challenge that funds face in this space today

The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

Stay in the loop

Join our mailing list to get the latest insights!

Continue reading

  1. Introducing the ‘Insider transactions’ data set
    Introducing the ‘Insider transactions’ data set

    Introducing the ‘Insider transactions’ data set

    Token Terminal's new 'Insider transactions' data set has been released. Learn more about what insider transactions are, why they're important, and how you can interpret the data.