Electric Capital: Investing in Programmable Money

Season 1 Episode 12
  • Host

    Zach DeWitt

  • Guests

    Avichal Garg

    Electric Capital

  • Date

    September 25, 2018

  • Duration

    37 minutes

Subscribe to the Token Talks Podcast:

Avichal Garg, co-founder and managing partner at Electric Capital, says programmable money is currently the most valuable segment of the cryptocurrency market.

Listen to find out how the team at Electric have developed their crypto investment strategy, and why programmable money is at the foundation of this strategy.

Who is Electric Capital?

Electric Capital is a digital asset management firm, founded by Avichal Garg, prominent angel Elad Gil, and Curtis Spencer, that invests in both liquid and illiquid tokens that are emerging stores of value and rooted in novel technology.

Electric takes positions in tokens and ecosystems that have real technologies, real teams, and real go-to-markets that have the potential to create value in the next decade.

Programmable money

Electric’s thesis centers around investment in programmable money, specifically stores of value such as Bitcoin, privacy coins like Monero and Zcash, and smart contracts for financial platforms, including Ethereum.

Programmable money has a lot to offer--the ability to store value in a digital medium, the ability for code to own and control money, and the ability to have private and anonymous transactions--and the team at Electric believe these are fundamentally interesting technologies that will unlock trillions of dollars of value globally.

Why programmable money?

Electric Capital draws a line between money crypto and tech crypto with their investment strategy. In the current debate about which of these is the more worthwhile investment, Electric Capital has chosen the money side of things.

Three main reasons for this decision include the huge total addressable market that money has, the greater widespread adoption for it right now, and the real utility today as opposed to some of the more nascent technologies that are still in the early stages.

Key takeaways:

  • Electric Capital believes that the most compelling investment opportunity in crypto today is in programmable money.
  • Electric define programmable money as potential monetary stores of value, including Bitcoin; as private transactions, including Monero and Zcash; and smart contracts, including Ethereum.
  • Electric believes that programmable money is the most promising segment because it is useful today with no significant technology blockers and because the market size for programmable money is potentially in the trillions of dollars, so investors may generate significant returns from today’s valuations.

Related Episodes

  1. Season 1
    Episode 26
    Listen Online

    Grin: Global Digital Cash

    What if there was a way retain total privacy with your digital transactions? Today’s guest is Daniel Lehnberg, a core developer for Grin, an exciting new crypt…