Eric Golden is the Founder of Canopy Capital and host of the Making Markets podcast. Eric was a portfolio manager and intrapreneur at Fidelity prior to setting up Canopy so he has great perspective on both markets and life as a venture-backed founder. We talked about those experiences, his current views on the Fed, markets, and crypto, and how Eric's view of venture capital has evolved over time.
The episode is now available on Apple Podcasts, Spotify, Amazon, and YouTube Music.
Chapters
00:00 Introduction to Startup Investing
00:50 Eric Golden and Canopy Capital
04:06 The Evolution of Asset Management
06:57 Understanding Crypto and Its Market Dynamics
09:50 The Nature of Risk and Investment Strategies
13:08 Competitiveness in Asset Classes
17:53 The Challenges of Venture Capital
22:42 Navigating Deal Flow and Selection Bias
24:36 The Challenges of Building Within Large Organizations
27:56 The Emotional Journey of Leaving a Long-Term Job
30:45 The Transition from Corporate to Entrepreneurial Mindset
32:12 Market Dynamics and the Role of the Fed
38:27 Observing Market Trends vs. Predicting Future Outcomes
41:49 Exploring the Potential of Web3 and NFTs
Takeaways
Canopy Capital focuses on tax individualized investing.
The shift from high-cost to low-cost investment products is significant.
Understanding crypto requires a shift in perspective.
Investing is a game of constant learning and adaptation.
The competitive landscape in venture capital is evolving.
Reading and understanding investment documents is crucial.
Venture capital faces challenges with high fees and competition.
The nature of risk in investing is complex and multifaceted.
Esoteric assets can provide unique investment opportunities.
Building relationships is key in venture capital. There's a negative selection bias in deal flow.
Fund performance tends to decline from fund one to fund two.
Building within a large organization presents unique challenges.
Leaving a long-term job can be an emotional journey.
The fear of regret can drive entrepreneurial decisions.
Working with passionate people is key to success.
The Federal Reserve plays a significant role in market dynamics.
Understanding credit cycles is crucial for investors.
Market expectations can influence investment strategies.
Web3 technology must address real problems to succeed.
The content here is for informational purposes only and should not be construed as investment, legal or tax advice. The opinions expressed by guests are their own and do not reflect the views of Seaplane Ventures. Our host, guests and clients may hold investments discussed in this podcast. Please invest responsibly.