Investing in Tokens, Equity, NFT’s & DeFi with Regan Bozman

Today we’re talking with Regan Bozman, co-founder of Lattice Capital, an early stage crypto venture fund. Regan says they invest in tokens, equity, NFTs, DeFi, and the like. Four and a half years ago, Regan was working at AngelList when he and some others spun out CoinList. Regan was the first employee to jump over, and he spent three and a half years doing coin sales. Now they’re just getting Lattice off the ground and are excited to invest in and work with early stage teams.

Regan says right now this space is all about adoption. When he first joined CoinList their focus was on everything no one else wanted to do, from writing token sales to handling customer support. At the time no one was doing sales, so when Regan joined there was a backlog of a thousand companies that were inquiring. Regan says it was a trial by fire entry. As they built up the company, they hired someone else to do sales. Regan then started spending more time with customers, finding out what they wanted to achieve with their launches.

When Regan started in crypto, he knew nothing about it. He says he had an insane inbox with ideas like launching a hotel in space. Everyone thought there was a quick buck to be made. Regan says it was low barriers to entry that brought him back around in 2019. He remembers that at the time there were two young guys in India that launched a hack-a-thon and within 30 days had $20-30 million running through smart contracts. Regan says that was eye-opening for him because there was no way in the traditional finance system that anyone without a lot of money and at least two years time could build an application like that. Regan realized that they could create a much more competitive market.

In the short term, Regan says the market is skewed. Ultimately, crypto has a history of booms and busts. The last 12-18 months of defy hype has made it not that hard to raise money, launch a token, and make some cash. Regan says they’re long term, they don’t flip tokens. He says what they’re really excited about is fascinating applications of smart contracts. He says they’ve made one investment in Latin America, which is like leveraging stable coin rails for remittance, that’s doing very well.
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The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/