DeFi
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Episode 148
Featuring M. Anderson & V. Spencer
Demetri Kofinas speaks with Michael Anderson and Vance Spencer. They are the founders of Framework Ventures, a thesis-driven venture fund whose team of technologists, researchers, & investors partner with founders to build token-based networks and develop the requisite cryptoeconomics, governance, and community to scale in DeFi.

In Episode 148 of Hidden Forces, Demetri Kofinas speaks with Michael Anderson and Vance Spencer. Mike and Vance are the founders of Framework Ventures, a thesis-driven venture capital firm whose team of technologists, researchers, and investors partner with founders and teams to build token-based networks and develop the requisite cryptoeconomics, governance, and community to scale.   

The team’s focus is on the hot new space of decentralized finance, known as DeFi for short. They are the largest owners outside of the core team & exchanges of both the decentralized oracle provider Chainlink and the derivatives platform Synthetix. 

Framework’s investment thesis relies on three assumptions. The first is that (1) financial institutions will realize competitive advantages as smart contract functionality allows them to streamline costs and realize new revenue streams. (2) Permissionless open protocols will provide access to financial services to a wider range of people than is possible today. (3) Token based business models have a competitive advantage over traditional business models for some technical products.

During this episode, we explore a number of use cases and applications that Framework’s founders believe will drive value in DeFi. We discuss cryptoeconomics in the context of how to capture network value, the “chicken-or-the-egg” problem of initializing a two sided network, and consider a new approach to valuation that breaks with some of the models and formulas that were popularized during the ICO craze of 2017. 

The team also discusses their investments in Chainlink and Synthetix, including a discussion about the tech, tokenomics, and community of these projects.

You can access the episode overtime, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application.

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 07/20/2020

Michael Anderson is co-founder & partner at Framework Ventures, a venture capital firm focused on building the value of blockchain networks through strategic investment and infrastructural support. Before founding Framework, Michael built and sold Hashletes, the first and only NFLPA-licensed digital collectibles, with Vance Spencer. Michael’s prior experience bridges investment banking and consumer tech, with experience from Snap, Inc., Dropbox, and Barclays Capital.

Vance Spencer is a co-founder and partner at Framework Ventures, a venture capital firm focused on building the value of blockchain networks through strategic investment and infrastructural support. Before founding Framework, Vance built and sold Hashletes, the first and only NFLPA-licensed digital collectibles, with co-founder Michael Anderson. Vance’s prior experience includes strategy and business operations at Deloitte and Netflix’s Japan office.

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Morbi interdum mollis sapien. Sed ac risus. Phasellus lacinia, magna a ullamcorper laoreet, lectus arcu pulvinar risus, vitae facilisis libero dolor a purus. Sed vel lacus. Mauris nibh felis, adipiscing varius, adipiscing in, lacinia vel, tellus. Suspendisse ac urna. Etiam pellentesque mauris ut lectus. Nunc tellus ante, mattis eget, gravida vitae, ultricies ac, leo. Integer leo pede, ornare a, lacinia eu, vulputate vel, nisl.

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