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Sept. 14, 2021

EP 12 - Yunt Capital - Shitposting their way to the DeFi moon with a DAO investment & advisory group!

EP 12 - Yunt Capital - Shitposting their way to the DeFi moon with a DAO investment & advisory group!

Can you build an investment firm on the basis of shitposting. The folks at Yunt Capital have and they are having a great time doing it. 

Name of Guest:  Sath / DeFi Berg
Name of Project:  Yunt Capital
Twitter URL of Guest:
https://twitter.com/EdTweetsWords
https://twitter.com/DeFiBerg
Project Twitter URL: https://twitter.com/YuntCapital
Project URL: https://yunt.capital

Project/Guest Description: Shitposting  #DeFi  fund

Background:
Berg is a tech consultant in SaaS. Helps implement platforms for companies.
Sath is an astrophysicist and applied mathematician. Did the 2017 run. Left the space through 2020. Missed most of the DeFi run up. Came back in.
Is now leaving his job in academia to focus full time on DeFi investing.

Shitposting is the theme
Discord for Alchemix is the core of where they all met and formed.
Berg is a tech consultant in SaaS. Helps implement platforms for companies.
Sath is an astrophysicist and applied mathematician. Did the 2017 run. Left the space through 2020. Missed most of the DeFi run up.
Came back in
Is leaving his job in academia to focus full time on DeFi investing
Was pigeonholed in his career and couldn't move out of it.
Wants to solve problems, so this makes sense for him.

18 people in Yunt Capital
They want to be able to help projects and tell them how they can improve.

How they structure deals.
Each person decides individually whether they want in to a particular deal. Starts with one or more people presenting an opportunity and then they create a separate deal channel in their Discord to discuss further. Everyone deep dives in and then they get on calls to discuss further.

Content is King for Yunt. It is driving extensive deal flow to them and is a powerful driver for them of all the deals they are doing. They are pretty amazed at what is coming to them.

They work hard to teach others in order to help them learn themselves.

We discussed the details of setting up their Wyoming DAO and they had one member - Tilt that really drove that forward.

Why they chose a DAO over forming an offshore corporation.

They setup accredited investor status as well.

They are actually mostly anonymous as well.

Why it is so important to set it up correctly.

How they handle the investment funds going in together and out to a project.

They do take equity in projects.  

They get advisory tokens for some projects and those get divided evenly amongst the group. Great way to reward the other members driving content and deals in.

What NFT project do they think will actually become a powerful IP.

What chain they really like and some cool projects coming out of it.

Who they think are the most important people to them in the space.

Fitch from the NFT world
Danny from popsicle and abracadabra

 

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