押注结构性赢家：为什么我要加入CoinFund团队

Today, I'm excited to announce that I have joined the investment team at CoinFund, and am eager to contribute to the continued momentum and future success of the firm's network lifecycle investing approach which covers liquid, venture, and cryptonative investing in the blockchain space.今天，我很高兴地宣布，我已加入CoinFund的投资团队，并渴望为公司的网络生命周期投资方法（包括在区块链领域的流动性，风险和加密投资）的持续动力和未来成功做出贡献。 。 Blockchain continues to be a fascinating, humbling, and uniquely interesting space.区块链仍然是一个令人着迷，谦虚且独特有趣的空间。 But before we get to talking about the future, I thought it was an appropriate time to take a look at the recent past.但是在我们谈论未来之前，我认为现在是时候回顾一下最近的过去了。

There has never been a more exciting time to be in the space, where the pace of innovation is inspiring, at times frightening, but always exciting.在这个空间中，从来没有比现在更激动人心的时刻了，创新的步伐令人鼓舞，有时令人恐惧，但总是令人兴奋。 Even though I've only been immersed in the world of digital assets for a short time compared to my preceding finance career, the wholesale progress made by the sum total of people, projects, and market participants in our world is nothing short of amazing.尽管与以前的金融职业相比，我只是短暂地沉迷于数字资产领域，但我们这个世界的人员，项目和市场参与者的总和所取得的巨大进步实在令人称奇。 We have seen the waning of the SAFTs and the STOs that tried to fill big shoes in a post-ICO world, the excitement over and subsequent disappointment in the first generation of Ethereum-killers as some have fallen short of their ambitions.我们已经看到了试图在后ICO时代填补大笔钱的SAFT和STO的衰落，第一代以太坊杀手的兴奋以及随后的失望，因为有些人的野心未达标。 More recently, the explosion of DeFi protocol TVL (total value locked) and the resulting hangover threatens to throw out the baby (unique use cases that have found product-market fit) with the bathwater (the many forked clones of the aforementioned baby, seeking to cash in on unaware retail investors late to the party).最近，DeFi协议TVL（总价值被锁定）的爆炸式增长以及由此产生的宿醉威胁，可能将婴儿（已发现产品与市场相符的独特用例）与沐浴水（上述婴儿的许多分叉克隆品）一起丢弃。在晚会之前利用不知情的散户投资者获利）。 Despite all that excitement, we are now on the cusp of unleashing the building blocks of the next wave of technology-enabled finance in a way that is inclusive, safe, and value-additive in a universal and deeply unifying way for all of us that share the stewardship of this planet.尽管有种种兴奋，但我们现在正处于风口浪尖，以一种包容性，安全性和增值性的方式，以一种普遍而深刻的方式为我们所有人释放下一波技术驱动型金融的基石，分享这个星球的管理权。 For example: blockchain-enabled cross-border remittance capabilities are already life-changing for a migrant worker and her family back home especially in the presence of foreign currency controls, but adding a full suite of financial services on top, such as the ability to earn interest or be insured against losses fundamentally changes the game in a radically inclusive way for previously excluded people, while lowering costs for all market participants globally.例如：启用区块链的跨境汇款功能已经改变了移民工人及其家人的生活，特别是在存在外汇管制的情况下，但是在顶部增加了全套金融服务，例如赚取利息或投保损失，从根本上改变了以前被排斥在外的人们的游戏方式，同时降低了全球所有市场参与者的成本。

2020年，区块链的机会比以往任何时候都大，数据，产品，垂直行业和产品市场契合度都有爆炸性增长。 结果，我们现在可以将基本信念和传统分析应用于数字资产，尽管出现了所有令人头疼的动荡以及前进和后退步骤的持续二分法，但我们看到了令人兴奋的新共识的出现。 这不是密码朋克抗Sybil的《中本聪共识》，而是我用来形容华尔街的有机术语，用来反复改善资产级估值和价格发现的准确性。 例如，AT＆T股票现在主要以其远期EPS（每股收益），相关PE（市盈率）和季度无线订户净额进行交易，鉴于该公司报告了数百个其他订单项和每个季度发布新闻。

Against this backdrop, I believe fundamental bottom-up and top-down investing, such as the approach taken by CoinFund across its strategies, is on the cusp of seriously hitting its stride and moving towards greater information value as well.在这种背景下，我认为基本的自下而上和自上而下的投资，例如CoinFund在其整个策略中所采取的方法，正处于大步向前并朝着更高的信息价值迈进的风口浪尖。 We are now past the stage of early stage team bets or hoping for a product to eventually deliver on a whitepaper.我们现在已经超出了早期团队投注的阶段，或者希望产品最终能够在白皮书中交付。 Traction can now be measured in real time on-chain, compared to peers, and even sense-checked in a way that approximates the approaches taken in the traditional markets (for instance, we can now calculate price-to-sales multiples for the protocols that are now publicly capturing value through real usage).与同伴相比，现在可以在链上实时测量牵引力，甚至可以以接近传统市场所采用方法的方式进行感觉检查（例如，我们现在可以计算协议的价格对销售价格的倍数）现在通过实际使用公开获取价值）。 Simultaneously, many projects are demonstrating product-market-fit by capturing fees (lending spreads or trading fees) and others are exhibiting early stirrings of long-term thinking in governance.同时，许多项目通过收取费用（贷款点差或交易费用）来证明产品与市场的契合度，而其他项目则表现出对长期治理思想的早期搅拌。 Naturally, as the remaining gaps in understanding between data availability and ideal investor requirements are bridged, I believe new investors will jump into the fray and contribute their thoughts and capital to the ecosystem, thereby driving the next phase of emergent digital asset 'consensus' valuation paradigms.自然，由于弥合了数据可用性和理想投资者要求之间的剩余理解差距，我相信新投资者将加入竞争，为生态系统贡献他们的思想和资本，从而推动新兴数字资产“共识”估值的下一阶段范例。

From my perspective, CoinFund is a leading firm that has demonstrated flexibility, longevity, and a multidisciplinary approach to investing rooted in deep understanding of technology and professional investing experience.从我的角度来看，CoinFund是一家领先的公司，已展示出灵活性，长寿性和多学科的投资方法，植根于对技术和专业投资经验的深刻理解。 Moreover, the firm is doing it for the right reasons, having demonstrated commitment in deploying capital responsibly and genuinely adding value for the founding teams and protocols.此外，该公司之所以这样做是出于正确的理由，它表现出致力于以负责任的方式部署资本并真正为创始团队和协议增加价值的决心。 I'm thrilled at the opportunity to leverage my past experiences in both the traditional and digital asset worlds to help Jake, Alex, Seth, Oleg, Pallavi and the rest of the team in the mission to build on our past successes and bridge the firm to a brighter future as we collectively seek to realize and magnify the benefits of blockchain and other decentralization technology.我很高兴有机会利用我在传统资产和数字资产领域的过去经验，来帮助Jake，Alex，Seth，Oleg，Pallavi和团队中的其他成员，在我们过去的成功基础上继续发展，并为公司建立桥梁我们共同寻求实现并扩大区块链和其他去中心化技术的好处，从而实现更光明的未来。

Source: https://blog.coinfund.io/betting-on-structural-winners-why-im-joining-the-coinfund-team-193f5dda0b82?source=rss—-f5f136d48fc3—4