Joining Pantera Capital: Dropping out of Harvard Business School in a Crypto Bear Market

First, a recap of my journey so far:

Despite trying to buy Bitcoin with a credit card back in 2012 — and failing — I eventually purchased my first Bitcoin and officially joined the crypto class of 2017. I have been fascinated by the space ever since, and started professionally investing in crypto in 2019.

Why now?

It is easy to invest in a bull market. It is hard to make money in a bear market — even though many of the best projects were born and nurtured in the depths of crypto winters.

Why Pantera?

After speaking to various TradFi and crypto-native funds, it became clear to me that I wanted to join a diverse team of crypto-native investors and builders who had seen, invested in, and survived past bear markets, positioning themselves to capitalize on the next run-up. The team at Pantera embodies that perfectly.

Why Crypto?

The big unlock for me about why to dedicate my time to crypto was really about how open source culture tied into the concept of ‘Open Source Money’ & ‘Open Source Disney’.

A. Open Source Money

As a TradFi fintech investor looking at backend banking and payments infrastructure, I realized what an inefficient financial system existed. We have created siloed databases (some that depend on obscure programming languages like COBOL) to help keep track of who owns and owes what.

B. Open Source Disney

I was a kid of the 90s, and grew up around forums, being in school when Wikipedia was launched, and understanding how open source knowledge can make the world a better place.

Lastly — The Asks:

  • Are you a Web3 founder/ investor, particularly around DeFi and its adjacent verticals?

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Chia Jeng Yang

Chia Jeng Yang

1.7K Followers

Principal @ Saison Capital | Consumer/fintech investing | Angel/Operator | work with smart people on projects: http://chiajy.com