Alyse Killeen is the Founding Partner at Stillmark, a Bitcoin focused VC firm.
Alyse and I spoke about her focus on investing in Bitcoin companies, the things Alyse looks for in founders and startup pitches, and the particular segments of Bitcoin and the Lightning Network she is most excited about in 2022.
→ Stillmark: https://www.stillmark.com/
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00:00 - Intro
01:15 - Alyse Killeen Intro
03:42 - Why Is Stillmark Focused on Bitcoin?
08:33 - Investing in Bitcoin vs. Bitcoin Companies
10:39 - Emerging Bitcoin Companies
20:28 - Investing in Tokens vs. Equity
23:03 - Is Bitcoin Innovation Constrained by Capital?
25:30 - Can There Be Too Much Capital in Bitcoin Companies?
29:22 - Down Rounds in VC Investing
33:34 - Benefits of Investing In Bitcoin Startups
38:14 - Web 2 Monopolies vs. Bitcoin Companies
42:57 - Competitive Moats for Bitcoin Companies
47:26 - Investing in the Lightning Network
49:19 - Should Large Bitcoin Holders Fund Bitcoin Companies?
54:04 - Deciding Which Founders To Invest In
01:01:53 - New Lightning Payment Applications
01:04:39 - Lightning Adoption & Earning Bitcoin
01:11:08 - Bitcoin's Role in Web 3.0
01:15:56 - What Areas of the Internet will Integrate Lightning?
01:19:25 - How Will Newcomers Interact with Lightning?
01:24:07 - The Lightning Round