Future X
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Episode
73
Future of Cypto - Raghu Yarlagadda on FalconX's flight and what it means
Crypto is definitely here. With the slew of recent advertising and coverage around it, plus the FOMO that investments in it are generating, we are definitely overdue for a discussion on the space.
And we have just the thing for you.
Pratik Agarwal, my colleague at Accel has been interested in this space for a long time, and he is interviewing Raghu Yarlagadda, CEO of FalconX, one of the world’s fastest growing companies of the last half-decade.
Though if you know about Crupto, you can’t have missed FalconX, I’ll still give you a brief: FalconX is a blockchain, cryptocurrency, and fintech-focused cryptocurrency brokerage and digital asset trading platform. Accel have been proud partners since the startup’s inception, and we’ve been cheering on their success loudly!
But that’s not just why we are talking to Raghu for this episode. As reported by Bloomberg in August 2021, FalconX saw its revenue grow by a multiple of 30 times in the 12 months (upto June 2021).
Evidently, Raghu and team know something we don’t. And that’s not all.
The crypto world is moving at a pace that is beguiling to even seasoned market watchers. There is just so much happening every day. Raghu and Pratik will also attempt to give us a lens into this world and how to make sense of a rapidly changing scene.
This podcast has all this and more. It has been one of my favorite episodes recently and we hope to bring Raghu back for more next year.
6:57 - 7:59: Insights that helped in starting FalconX; building a tokenization gateway for institutions
8:15 - 10:26: Why was it critical to focus on institutions and not retail customers?
16:00 - 18:20: Convenience in the institutional adoption of crypto assets
20:39 - 22:21: De-Fi(decentralised finance) explained
23:15 - 25:35: Nuances of De-Fi; Comparing it with conventional banking system
27:22 - 29:50: Global overview on the regulatory landscape in crypto
31:06 - 33:01: Future white spaces that could be chased starting today in crypto
33:03 - 33:55: Newer opportunities on the infrastructure side in the crypto market
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We’re building Passionfroot 1, an operating system for creators to manage their business.
We’re based in Europe and raised our $ 3.4m pre-seed round from Creandum and US angels such as Vlad (Webflow) and creators like Ali Abdaal.As we’re creating a new category and as the creator economy is global and mostly online, we’re building from Day 1 a global company and product that helps creators monetize around the world.
This brings a lot of complexities especially in terms of payments and taxes as our early users are based both in Europe and the US and deal with cross-border transactions.What are Do’s and Dont’s for European startups who have a global ambition and build products for a global customer base from Day 1. Anything you would do differently?
Thanks @pjbouten! Love how you’ve thought about incrementally shaping a category with a focus on product and service, and only then thinking about getting the message out there vs the other way around.
And totally agree on the distinctions and overlaps both self-serve and enterprise motions share.
Thanks, PJ, for taking the time to address questions from the great vantage of shaping Showpad into a global, enterprise SaaS brand!