Santiago Santos: DePIN is the Frontier, Why It’s Earlier than Ever for Crypto, Building the First Crypto PE Fund

Proof of Coverage

Follow Proof of Coverage Media: https://x.com/Proof_Coverage

Connor and Mahesh welcome Santiago Santos, a prominent figure in the crypto space and co-host of the popular Empire podcast. Santiago shares his vision for the future of private equity and crypto, highlighting the transformative potential of open-source systems and the rapid movement of capital in the crypto world. He discusses his approach to leveraging crypto to drive value in private equity portfolios and emphasizes the importance of integrating stablecoins with decentralized infrastructure networks (DePIN) to accelerate technology adoption. Additionally, he explores the readiness of the tech industry to support large-scale crypto initiatives and stresses the need for the industry to aim higher.

Timestamps:

00:00 - Introduction

01:25 - Santiago's Podcast Experience

01:45 - The Need for Crypto Education

04:01 - Architecting Society with Crypto

06:57 - The Beauty of Open Source Systems

07:44 - The Challenges and Opportunities in Crypto

09:56 - Investing with a Broader Perspective

12:51 - Personal Motivation and Meaning in Work

13:36 - The Role of Technology in Daily Life

15:17 - Convincing Others About Crypto's Value

18:30 - The Shift from Investor to Founder

20:34 - Headwinds Facing Traditional Private Equity

24:09 - The Future of Private Equity and Crypto

25:34 - Onboarding Users into the Crypto Space

27:55 - The Vision for Inversion Capital

29:11 - The Role of Helium in the Crypto Ecosystem

36:09 - The Importance of Consumer Experience

37:32 - Assumptions for Inversion's Success

39:57 - The Role of Technology in Crypto's Future

41:03 - Helium Improvement Proposal and Inversion

44:05 - Conclusion and Future Outlook

Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.