Avichal - Electric ϟ Capital
@avichal
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Co-Founder @ElectricCapital Chairman @crypto_council Views are my own; DYOR
Bay Area / Singapore
Joined June 2008
> Be 22 y.o. > 1st time in NYC > Get lost on subway > Dream up Google Transit > Have no idea how hard it would be to build > Bunch of talented, naive people build in spare time (shoutout @chrishtr, @twephanie, @KatieS) > Grows to 1B MAU Naivety is a feature, not a bug
1/ In 2005, @avichal visited NYC and kept getting lost on the subway. Late to dinner and frustrated, he wondered: If Google Maps can route me anywhere by car, why can’t it get me on the right train? So on his flight home, he wrote the product spec for Google Transit. 🧵
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OpenFront Battle Royale game with 650,000 MAUs Indie non-crypto game with a cult community. How do we know? Eigen Labs is filled with OpenFront fanatics. Our lead architect @bbuddha_xyz refused to ship a previous version of EigenCompute because it wouldn’t support OpenFront.
completely verifiable game stack is finally real. - verifiable compute on @eigencloud - USDC rails on @base and coinbase onramp - no-friction wallets via @privy_io (user signs up with email) a year ago this sounded like sci-fi. today it’s just… shipping. an 650k+ MAU
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2. This slate on the lock in stage is very nice @KyleSamani into a debate between myself and @0xren_cf. For less technical folks, @marcryptonio is on the main stage at the same time, I’m told he was practicing his talk last night in the mirror instead of coming out drinking with
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"dopa-mean machine" and original song by Cousin Joe Twoshacks Cartoon Shields. dig it.
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Excited to debate @MaxResnick1 at Solana Breakpoint on "One Chain to Rule Them All: Can Solana Alone Support Wall Street's Demands?" moderated by @Matt_Hougan. Expecting 🔥🌶️ debate Also available all week to meet, DM if you're building something early and ambitious
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David Sacks @DavidSacks is a throwback to the era of American greatness in which the most capable private sector citizens selflessly volunteered for government service in moments of peril for a dollar a day. He is a credit to our nation, and we need more like him, not fewer. 🇺🇸
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One of the highest talent density companies in SF right now Congrats @evanjconrad @jeztek @Ethan_is_online and the entire @sfcompute team!
sfcompute has raised $40m we're hiring linux programmers to work on supercomputers
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We are retiring the annual @ElectricCapital Developer Report and instead opening up the data to the community, with a set of new open source tools as well. We are working with many of the leading foundations in the space to analyze the data directly. More details 👇
1/ Announcing Open Dev Data, an open source dataset and tooling stack to measure developer activity across crypto and the decentralized web. Starting in 2025 we are retiring our standalone annual Developer Report and replacing it with this continuously updated platform. 🧵👇
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The Small-Cap Income Opportunity: Why Infrastructure Capital Small Cap Income ETF (SCAP) Might Be a Barometer for Risk Appetite
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Thank you to the entire @ElectricCapital team! Greatly appreciate the custom cookies and your continued support on bringing the @anoma distributed OS to every blockchain! Founders take note. These are the right people to have in good as well as in tough times! If you’re
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There are now 0 European companies in the top 25 largest companies in the world.
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I can't believe I am saying this...but @Nextdoor is amazing now It reminds me of social media from 2010 People are helping each other, donating stuff, answering questions earnestly... This has to be a deliberate ranking decision with a feedback loop. It's glorious.
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$4B Lost in Memecoin Scam. Tokens like MELANIA & LIBRA exploited celebrity names to lure investors into a pump-and-dump scheme. Thousands lost billions. Read the full story.
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Today, as shared by The New York Times, we’re announcing two things: >Our Series B at a $2.1B valuation led by @sarahdingwang at @a16z. >Reaching $100M ARR, profitably, with a team of just 50 people. That's $2M ARR per employee. PowerPoint was invented before the first website,
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DeFi will win. But that doesn't mean it's got everything figured out today, and this week was a good reminder. Eight observations from this week: #1: 1 stablecoin != 1 stablecoin. Many different types of products hiding behind the stablecoin term. We need better names to help
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LP pool movements are also quite strange right now. Been hearing from multiple founders that large liquidity providers are rotating assets aggressively or pulling liquidity entirely in the past two weeks. Perhaps off-chain leverage getting unwound...
Nearly all the active sell pressure on $BTC spot markets has came from Binance over the last 2 days All other markets are basically flat Pretty odd to see
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BREAKING: Avichal Garg on Crypto, Inflation, and the Future of Capital Markets From selling a company to Facebook to managing over $1 B at Electric Capital — this is one of the clearest frameworks for how crypto, AI, and macro collide. Highlights from my conversation with
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A recent research showed how convertible notes can make a stock look undervalued. That’s what happened with Ethzilla—a public company now under short-seller pressure. This isn’t a flaw in Ethzilla, just a common market flow when big investors hedge. The stock might look under
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Securitize is going public. Here’s why that matters. Securitize provides tokenization as a service for institutions, acting only as the technical layer, similarly to Liquidity IO. $ETHZ is vertically integrated, raising funds or investing itself in RWA, then issuing the token
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Congrats to NASA X-59 team in getting off the ground yesterday. But as @rookisaacman points out, let’s not forget @boomaero (776 co) already did this faster, better, and 10X cheaper—and without hundreds of millions in taxpayer money—NASA is awesome, but we can't deny the role the
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INFINIT partners with @Google and @GoogleCloudTech to bring agentic finance to millions. Anyone can access INFINIT's AI Agents for agentic coordination in their financial apps. This partnership marks the first step towards INFINIT becoming the universal infrastructure for
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Introducing Dawn – A fresh start for your money Dawn is a wallet purpose-built for bitcoin and stablecoins that helps you save and grow your money. Coming soon to iOS.
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Today we announced our $15M Series A, led by @Accel, and launched Prism — agentic reporting that can explain your finances. Prism gives you answers you can follow: what changed, why it changed, and the transactions behind it. It’s reporting that shows its reasoning.
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