After 6 incredible years at Accel, I’ve decided to move on.
I’m joining a much younger firm — a firm that shares my same philosophies on how to practice the business, a firm that is exclusively focused on early stage business technology investing, and a firm that I can help shape the future of. It is with great excitement I am announcing that I’ll be joining Wing as their newest partner.
Please email me any questions, thoughts or suggestions to firstname.lastname@example.org or message me on Twitter @zacharydewitt. Wing is a $460mm early-stage VC fund founded by ex-Sequoia and Accel partners.
As a follow up to our recent crypto sentiment survey that we worked on with a prominent crypto angel investor (link here), we wanted to dig deeper into the sentiment across professional cohorts. As a recap, the breakdown of the 82 people surveyed is as follows:
During the week of July 9th, I worked with an active and prominent crypto angel and we surveyed 82 people in the crypto industry. The goal of the survey is to better understand the near-term market sentiment from people on the front lines. (Almost) everyone who participated in the survey is actively building, investing or studying in the crypto ecosystem. I conducted a similar survey with a similar group back in April 2018 and the results can be found here. For questions or feedback, my contact email is email@example.com
Here is the professional breakdown of the surveyed audience:
Originally posted on my WING blog on July 31, 2017
Identity is the answer. What’s the question?
That’s the message we hear in today’s tech economy. Identity is touted as a virtual skeleton key, the solution to all problems, ranging from cybersecurity to digital marketing. My usual instinct when presented with such sweeping claims is “shields up”. But with identity, there is much justification for the hyperbole. Rich identity unlocks timeless factors like trust and relevance, fundamentals that bring ground truth to the digital world.
Meanwhile back in the physical world, almost 6 billion people live in “developing markets”. Over one-third of the world’s adult population makes little or no use of organized financial services. But the vast majority of them use mobile services, which now have a penetration rate of over 65% in the developing world. More than 80% of these developing-world subscribers use prepaid accounts, and generate about $350 billion in annual revenue for mobile operators. But these customers are almost entirely unknown quantities. They top up their accounts in small amounts, sometimes daily. They pay in cash at a myriad of resellers, often small corner stores. To the mobile operator, they are a phone number and an account balance. …
I surveyed 51 people who live and breathe crypto. The goal of the survey was to better understand the near-term market sentiment from people on the front lines. Everyone who participated in the survey is professionally involved in the crypto ecosystem with the following breakdown: 33% are crypto VCs, 29% are crypto hedge fund managers / traders, 20% are crypto entrepreneurs and 18% are crypto researchers / enthusiasts. For questions, my contact email is firstname.lastname@example.org
Here are the results:
Q1: The crypto market is valued at ~$300bn today. What is your prediction for where it ends 2018?