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Reading https://www.decentralised.co/p/crystal-clear-lattice
TLDR: This article provides an inside look at the journey of Regan Bozman, a $100 million fund manager, from his early days at Coinlist to running his own venture capital fund, Lattice.
Key Points:
Regan started by maintaining an Excel sheet to help founders with information on active VCs, which later became Dove Metrics, an authoritative source for crypto funding data.
Regan transitioned from Coinlist to becoming a DAO contributor, which led him to co-found Lattice, a $20 million fund that later grew to $65 million.
Lattice focuses on deploying capital into early-stage crypto startups, with a particular interest in on-chain business models and infrastructure projects.
The article discusses the challenges of scaling a venture fund, the memetics of value-add funds, and the importance of founders doing due diligence on their VCs.
In-depth Summary:
The article follows Regan Bozman’s journey from his time as an employee at Coinlist, where he witnessed the launch of projects like Filecoin and Solana, to his transition into becoming a DAO contributor and eventually co-founding his own venture capital fund, Lattice.
Regan’s early experience at Coinlist gave him a taste of the speed and scale of the crypto industry, but he wanted to grow beyond that. He started maintaining an Excel sheet to help founders with information on active VCs, which later became Dove Metrics, an authoritative source for crypto funding data.
As Regan became more involved in the crypto ecosystem, he noticed the lack of information available for founders looking to raise capital. This led him to co-found Lattice, a $20 million fund that later grew to $65 million, with a focus on deploying capital into early-stage crypto startups, particularly those with on-chain business models and infrastructure projects.
The article delves into the challenges of scaling a venture fund, such as the need to deploy larger amounts of capital to justify the time spent on a venture, and the incentives that drive some “erratic behavior” in the crypto markets, such as the rise of meme assets.
The article also discusses the importance of founders doing due diligence on their VCs, as well as the role of signaling and the memetics of value-add funds in the crypto ecosystem.
ELI5:
Regan started by helping founders find information about VCs, which led him to co-found his own venture capital fund, Lattice. Lattice invests in early-stage crypto startups, especially those building cool stuff like new ways to do business on the blockchain.
Running a VC fund is not easy - Regan had to figure out how to deploy larger amounts of money as the fund grew, and he had to navigate the crazy world of meme assets and the incentives that drive VCs to sometimes act in strange ways.
The article also talks about how founders should do their own research on VCs, not just the other way around, to make sure they’re getting the best support for their business.
Writer’s Main Point:
The main point of the article is to provide an inside look at the journey of a $100 million fund manager, Regan Bozman, and the nuances of venture capital as an asset class in the crypto industry.