Scenius Studio (Episode #24)
Hootie Rashidifard -- Hash3
Scenius: The intelligence and the intuition of a whole cultural scene. The communal form of the concept of genius.
Welcome to the Scenius Studio
As a crypto-dedicated Fund-of-Funds Manager at Scenius Capital, host, Ben Jacobs has the unique opportunity to speak daily with the brightest investors in the blockchain space. In Scenius Studio, Ben chats with crypto Hedge Fund Managers and Venture Capitalists in wide-ranging, evergreen, and alpha-focused conversations.
In each episode of Scenius Studio, Ben dives deep with these talented professionals to understand what drove them to crypto, and how they approach the complex craft of investing in the wild west of digital assets and blockchain technology. We are excited to share these discussions publicly through this podcast.
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In this episode, Ben sits down with Hootie Rashidifard, Founder and General Partner of Hash3. Hootie recently announced Hash3’s first fund dedicated to investing in disruptive crypto middleware and infrastructure. With a roster of LPs with experience leading unicorn tech start ups, Hash3 works closely with its investor base and venture partner network to help crypto founders operate and scale their protocols and businesses.
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In this episode we discuss:
Distrust for financial institutions stemming from Hootie’s parents’ experiences during the Iranian revolution
Investing in crypto at a traditional VC firm (Canaan) vs. at a crypto-native firm (Hash3)
Raising a first fund as a solo GP
Leveraging Hash3’s venture partner network (i.e. the fund’s DAO) and LP base to offer support to portfolio companies
The definition of crypto “infrastructure” and how Hootie categorizes picks & shovels
Hash3’s investment criteria and the process that Hootie applies when evaluating a potential investment
Factoring in exit opportunities and terminal size of business when diligencing a company
Crossmint and the NFT infrastructure space
Ajna and the no-oracle and no-governance future of DeFi
Hootie’s spiciest takes 🌶
Resources Mentioned:
We hope you enjoy listening to this conversation with Hootie. If you got any value out of the podcast then please consider sharing Scenius Studio with your network 💪