Uploaded October 2021 | Updated September 2026, 2 weeks ago

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In this episode of UpOnly, Cobie & Ledger talk to Haseeb Qureshi about broad investment thesis, VC stuff, L1s vs L2, emerging trends, and more.

Presented by FTX: uponly.tv/ftx

00:00 - Intro
02:45 - Background
08:30 - Poker to crypto movement
16:40 - Does every generation build its own ponzi?
26:12 - Investment strategy / Relative valuations
39:40 - Uniswap and SushiSwap
45:00 - Requirements of LPs in funds / Accounting
54:40 - Biggest misses
59:30 - What is responsible for your biggest gains / biggest losses?
1:04:40 - Power laws in venture capital
1:07:17 - More on investment strategy
1:13:00 - Conviction and investing with a thesis
1:22:30 - What differentiates Layer 1s and Layer 2s
1:28:25 - Impacts of scaling
1:33:00 - Analogizing Layer 1s to different cities
1:37:50 - Bitcoin
1:44:40 - Projects that haven’t made it to the forefront yet
1:52:45 - DeFi / NFTs
1:57:58 - Thinking about crypto adoption / Power laws
2:00:20 - Interesting investments that could change the game
2:04:40 - Stablecoins
2:07:30 - Free alpha