It has been dubbed "one of the best venture investments of all time" by Packy McCormick, generating over a 4000X return in 3-and-a-half years. Today, we are talking with Chris McCann and Edith Yeung, the earliest investors in Solana, and partners at Race Capital. They also unbelievably were the earliest investors in FTX and started Race Capital in the midst of crypto winter!
On this episode, we talk with Edith and Chris about the stories behind both of those investments and their views on what's next in crypto from their vantage point in the center of the ecosystem.
- The Generalist's FTX piece with Race Capital's Public Investment Memo
- Picture: Chris and Edith with Jihan Wu, Founder of Bitmain
- Picture: Edith with Anatoly (Solana founder) and Min Kim (ICON co-founder)
Thank you to Tegus for being our first presenting sponsor for the Acquired LP Show! This is a new experiment for us and we're super excited to have them as our first partner. Tegus empowers Corporate Development teams to make decisions smarter and faster by pairing the highest quality user-generated content and data with best-in-class technology. Tegus expert calls are recorded, transcribed, and uploaded to the shared platform for all their customers to read or listen to. They are the only company in the world that aggregates qualitative information on private companies from seed-stage to pre-IPO They're trusted by many amazing investors and companies around the world like JFrog, Spark, Thrive, Redpoint and more. You can learn more and get a free trial at https://bit.ly/acquiredtegus and just tell them that David and Ben sent you when you get in touch!
What is ACQ2: The Acquired Interviews?
ACQ2 is Ben and David's conversations with expert founders and investors. Acquired the stories of great companies — and ACQ2 dives deeper into the lessons we can learn from them, often with the protagonists themselves.