Why we resisted blockchain companies promising to solve everything at crazy valuations
“as you were sort of forming the question, you were making me think about, you know, the challenge we had, which we touched on earlier, of, like, Blockchain.”
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as you were sort of forming the question, you were making me think about, you know, the challenge we had, which we touched on earlier, of, like, Blockchain. Blockchain is going to solve you know, it's a panacea for all evil. Right? It's gonna it's going to dramatically change operational workflow. No one will ever have to do reconciliation again. You know? And when we were deploying from Fund One, you know, resisting the siren call of all of these companies that were going to solve all of the problems, you know, at very large valuations was really difficult. Again, here we are today. And, of course, obviously,
About this clip
Mark Beeston reflects on the challenge of avoiding overhyped blockchain investments during Fund One's deployment. He discusses how blockchain was positioned as a cure-all that would revolutionize operational workflows and eliminate reconciliation, but they resisted investing in these highly-valued companies despite the tempting narrative.
Why this clip
This clip captures a valuable investor lesson about maintaining discipline during technology hype cycles and avoiding FOMO on overvalued companies with grand promises.
What they said next
From executing acquisitions to building a CVC fund at ICAP
3:46 - 36s · founder story
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