When Shift Happens Podcast

Haseeb Qureshi, Managing Partner at Dragonfly, has backed more than 150 crypto companies. He explains how top investors actually pick and win deals, and why the AI boom looks a lot like crypto in 2020.
He also explains why most of the difficulty in venture is getting a seat at the table, and how an underdog can win without a big brand. He also shares what drew him to early bets like Near, Ethena and Variational.
He ends with the bets he believes in most right now, what would make him bearish on crypto, and why the culture of trying new things matters so much.
THE SHIFT NEWSLETTER
💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter
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PARTNERS
⚖️ Variational aggregates liquidity to offer industry-leading depth on crypto, equities, commodities, and more: https://www.variational.io/
🌐 NEAR is a high-speed, low-fee Layer 1 blockchain built for scalable apps and AI agents: https://near.org/
🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/
💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT
🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/
⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/
♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. 
https://www.coinsilium.com
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FOLLOW HASEEB QURESHI 👇
• Twitter: https://x.com/hosseeb?s=21
• LinkedIn: https://www.linkedin.com/in/imhaseeb
FOLLOW WHEN SHIFT HAPPENS
Twitter (X): https://x.com/KevinWSHPod  
Instagram:  https://www.instagram.com/kevinfollonier_ 
TikTok: https://www.tiktok.com/@kevinfollonier_
Linkedin: https://www.linkedin.com/in/kevinfollonier/
Website: https://kevinfollonier.com/
DISCLAIMER
The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.
#Crypto, #AI, #NEAR, #NEARProtocol, #IlliaPolosukhin, #Web3, #Blockchain, #AIAndCrypto, #DecentralizedAI, #DataPrivacy, #Privacy, #Transformers, #ChatGPT, #Claude, #AIPrivacy, #Bitcoin, #Ethereum, #DeFi, #CryptoNews, #CryptoInvesting, #FutureOfAI, #BigTech, #DigitalPrivacy, #TheShiftNewsletter, #Innovation

0:00 Intro
2:18 Why AI Currently Feels Like Crypto Did
6:28 How Haseeb Looks At Investing During a Frenzy
8:54 The Solana Memo Haseeb Regrets
12:47 Why Getting Into VC Is Difficult
15:34 How an Underdog Wins Deals
17:50 Why Building A Personal Brand Helps In VC
19:34 Partnerships: @Variational @BitwiseInvest
20:27 Advice on Being Adaptable To Specific Founders
21:18 Why Haseeb Ended Up Investing in Near Protocol
28:55 Ethena’s Investment: The Bet Nobody Wanted
32:57 Partnership: @KASTxyz
33:44 Why Dragonfly Still Holds Ethena
34:52 What Made Variational Worth Investing In
40:40 How Big Can Variational Get
44:02 Why The Founder of HyperLiquid Said No to Investors
47:21 How Dragonfly Thinks About Taking Profits
50:06 Partnerships: @JupiterExchange @Ethena
50:49 The Crypto Haseeb Believes In Most
56:10 Haseeb’s Thesis on Zcash: Insurance for Bitcoin
1:01:06 What Would Make Him Bearish
1:06:06 Why The Silicon Valley Culture Is Important

Illia Polosukhin, CEO of the NEAR Foundation and co-founder of NEAR Protocol, also helped create the transformer architecture behind AI like ChatGPT and Claude, explains what really happens to your data when you use AI and why a handful of companies could end up controlling it. 
He also shares how he went from AI to crypto and how crypto's privacy tools are being used to build AI that can't see or use your data without your permission.
THE SHIFT NEWSLETTER
💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter
___________
PARTNERS
⚖️ Variational aggregates liquidity to offer industry-leading depth on crypto, equities, commodities, and more: https://www.variational.io/
🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/
💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT
🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/
⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/
♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com
🚀 Kalshi is a US regulated financial exchange that allows users to trade on the outcomes of real-world events : https://kalshi.com/category/crypto
___________
FOLLOW ILLIA POLOSUKHIN
• Twitter: https://x.com/ilblackdragon
• LinkedIn: https://www.linkedin.com/company/near-protocol-project/
FOLLOW WHEN SHIFT HAPPENS
Twitter (X): https://x.com/KevinWSHPod  
Instagram:  https://www.instagram.com/kevinfollonier_ 
TikTok: https://www.tiktok.com/@kevinfollonier_
Linkedin: https://www.linkedin.com/in/kevinfollonier/
Website: https://kevinfollonier.com/
DISCLAIMER
The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.
Timestamps
00:00 Intro 
02:57 His Mission: Own Your Data, Assets and Choices
04:08 Growing Up With Hyperinflation in Ukraine
05:46 Why Now Is the Best Time To Learn Anything
06:58 The Big Move: Leaving Google
07:56 "Attention Is All You Need" Explained Simply
12:12 Partnerships: @Variational @BitwiseInvest
13:05 Why Google Didn't Launch ChatGPT First
16:01 What the Smartest AI People Still Get Wrong
17:33 How a Payments Problem Led Him to Crypto
24:44 What NEAR Is Today
26:43 Partnership: @KASTxyz
27:30 What NEAR Handles That Other Stacks Can’t
29:05 What Happens To Your Data With Big AI Companies
31:29 What You Should Never Ask a Chatbot
32:52 The 1984 Scenario: Who Controls AI's Instructions?
35:07 How You Can Verify Your AI (The Green Lock)
36:55 Zcash and Private Money Explained
40:31 What Is User-Owned AI?
42:05 Partnerships: @JupiterExchange @Ethena
42:49 How Is User-Owned AI Sustainable
44:58 The Strongest Argument Against Private AI
47:23 Is the AI Doom Story Overhyped?
51:21 The Next Big Shift: Personalized Medicine
54:10 What Humans Will Struggle To Adapt To

NBA champion Tristan Thompson breaks down the simple Bitcoin strategy he uses to build long-term wealth, and why he believes in Bitcoin going to $1 million. 
He opens up about growing up around government assistance, the memecoin trade where greed cost him most of a seven figure gain, and why so many rich people end up losing it all. 
Whether you’re new to crypto or already stacking, this is a rare look at how a pro athlete really thinks about money, risk, and getting rich.
THE SHIFT NEWSLETTER
💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter
___________
PARTNERS
⚖️ Variational aggregates liquidity to offer industry-leading depth on crypto, equities, commodities, and more: https://www.variational.io/
🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/
💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT
🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence.
 Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h
🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/
⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/
♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com
🚀 Kalshi is a US regulated financial exchange that allows users to trade on the outcomes of real-world events : https://kalshi.com/category/crypto
___________
FOLLOW TRISTAN THOMPSON
• Twitter: https://www.instagram.com/realtristan13/
• LinkedIn: https://x.com/TThompson
FOLLOW WHEN SHIFT HAPPENS
Twitter (X): https://x.com/KevinWSHPod  
Instagram:  https://www.instagram.com/kevinfollonier_ 
TikTok: https://www.tiktok.com/@kevinfollonier_
Linkedin: https://www.linkedin.com/in/kevinfollonier/
Website: https://kevinfollonier.com/
DISCLAIMER
The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.
0:00 Intro
3:55 What Basketball Taught Tristan About Investing
4:41 Tristan’s Biggest Weakness
6:04 Growing Up With A Chip On His Shoulder
6:52 Why He Switched From Soccer To Basketball
8:58 Life After The NBA
11:20 Why Companies Want Former Athletes
12:46 Partnerships: @KASTxyz @Variational @BitwiseInvest
14:24 Why Sharks Target Athletes’ Money
16:49 Bitcoin To $1 Million?
19:37 Tristan’s Crypto Portfolio Beyond Bitcoin
21:08 His Biggest Miss & Best Investment
23:03 The Real Goal Behind Building Wealth
24:09 What Separates Talented From Great
24:49 Why He’s Betting On AI & Robotics
27:29 What Becomes Scarce When AI Makes Everything Abundant
28:44 Preparing Kids For An AI Future
29:51 Partnerships: @JupiterExchange @Ethena
30:35 Where The Money In AI Actually Goes
33:16 Why Rich People Lose It All
35:02 The Memecoin Trade That Got Away
35:35 Does Tristan Make Money Leverage Trading?
37:39 Tristan’s Thoughts On Zcash
38:03 What He’s Trying To Win Now
39:25 Do Elite Degrees Still Matter?
41:57 If You Don’t Spend It, Someone Else Will
42:46 Closing Thoughts

Dan Tapiero, founder of $1.7 billion digital asset firm 10T Holdings, returns to reveal the boring secrets to getting rich in crypto that actually work, from why he passed on FTX to the selling rule that keeps you from giving it all back. 
After 35 years in investing, including working under legends Stan Druckenmiller, Julian Robertson and Steve Cohen, Dan explains why crypto is the easiest place in the world to make money and the hardest place to keep it.
THE SHIFT NEWSLETTER
💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter
___________
PARTNERS
⚖️ Variational aggregates liquidity to offer industry-leading depth on crypto, equities, commodities, and more: https://www.variational.io/
🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/
💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT
🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence.
 Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h
🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/
⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/
♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com
🚀 Kalshi is a US regulated financial exchange that allows users to trade on the outcomes of real-world events : https://kalshi.com/category/crypto
___________
FOLLOW DAN TAPIERO
• Twitter: https://x.com/DTAPCAP
• LinkedIn: https://www.linkedin.com/in/dan-tapiero-22b41b191/
FOLLOW 50T HOLDINGS
• Twitter: https://x.com/50TFunds
• Website: https://www.50tfunds.com/
FOLLOW WHEN SHIFT HAPPENS
Twitter (X): https://x.com/KevinWSHPod  
Instagram:  https://www.instagram.com/kevinfollonier_ 
TikTok: https://www.tiktok.com/@kevinfollonier_
Linkedin: https://www.linkedin.com/in/kevinfollonier/
Website: https://kevinfollonier.com/
DISCLAIMER
The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.
0:00 Intro
2:05 What Rich People Understand About Money
3:54 Why Dan Isn't On Instagram
5:18 The Biggest Myths About Getting Rich
6:43 Advice That Keeps People Poor
9:49 How FOMO Becomes The Wrecker Of Wealth
15:25 Partnerships: @Variational @BitwiseInvest
16:17 What People Shouldn't Optimize For In Crypto Today
18:20 Mistakes People Make In Their 20s & 30s
20:54 Knowing When To Sell Is A Skill All Should Learn
25:54 Skill vs Patience In Wealth Building
28:54 Why Do People Sell Their Winners Too Early?
30:46 Partnership: @KASTxyz
31:34 Where We're At Within The Crypto Wealth Cycle
37:20 Dan's Thoughts On Zcash's Progress
39:50 The Best Ways To Bet On Assets Going On Chain
43:01 How Bullish Is Dan On NFTs?
45:38 What Smart People In Crypto Get Wrong Today
48:26 Partnerships: @JupiterExchange @Ethena
49:09 Why All Monetary Value Will Go On Chain
51:21 Where Should A 25-Year-Old Spend Their Energy?
52:57 The Secrets To Getting Rich In Crypto
58:04 What Does A Rich Life Look Like For Dan?
59:58 Closing Thoughts

Raoul Pal believes we have roughly four years to build wealth before AI fundamentally changes how the economy works. 
THE SHIFT NEWSLETTER
💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter
___________
PARTNERS
⚖️ Variational aggregates liquidity to offer industry-leading depth on crypto, equities, commodities, and more: https://www.variational.io/
🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/
💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT
🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence.
 Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h
🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/
⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/
♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com
🚀 Kalshi is a US regulated financial exchange that allows users to trade on the outcomes of real-world events : https://kalshi.com/category/crypto
___________
CONNECT WITH RAOUL👇
Twitter: https://x.com/RaoulGMI
Linkedin: https://www.linkedin.com/in/raoul-pal-real-vision/
Instagram: https://www.instagram.com/raoulgmi
YouTube:  @RaoulPalTJM  
GET RAOUL PAL’S FREE REPORT AND PREPARE FOR THE NEXT DECADE: https://rvtv.io/3YOZZUe
CONNECT WITH REAL VISION👇
Twitter: https://x.com/RealVision
Website: https://www.instagram.com/realvisiontv
YouTube:  @RealVisionPresents
FOLLOW WHEN SHIFT HAPPENS
Twitter (X): https://x.com/KevinWSHPod  
Instagram:  https://www.instagram.com/kevinfollonier_ 
Linkedin: https://www.linkedin.com/in/kevinfollonier/
Website: https://kevinfollonier.com/
DISCLAIMER
The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.

0:00 - Intro
03:31 - The BANANA ZONE that never happened
04:07 - How To Allocate Better In Crypto
04:52 - How Compounding Actually Works
09:25 - Early vs Wrong: How To Tell
12:54 - The Belief Raoul Totally Reversed
19:01 - Sponsor: Variational, Bitwise
22:12 - The Belief Raoul Wishes Was Wrong
29:46 - How Long Does This Bull Run Last?
34:23 - The Next Obvious Crypto Narrative
36:50 - Is Bitcoin Still Primarily Money?
40:19 - Are We Underestimating AI’s Speed?
50:53 - Sponsor: Kast
51:41 - Will Crypto Ever Be Exciting Again?
59:49 - Is Success Being Smart Or Pain Tolerance?
1:03:27 - KR1: A Raoul Crypto Bet That didn't work
1:11:02 - When will The SUI Thesis Pay Off?
1:13:20 - What Brought Raoul Back To ETH
1:20:24 - Is Zcash A Trade Or A ZODL?
1:21:44 - How Big Can ZEC Get?
1:22:53 - Sponsor: Jupiter, Ethena
1:25:16 - What Is Money For?
1:26:45 - Optimizing For More Than Wealth
1:29:35 - The Most Asked Question To His Palvatar
1:33:31 - The Secret to Raoul's Great Looks
1:35:03 - Looksmaxxing: How Deep Is Raoul In?
1:37:46 - Was Telling Everyone About SUI a Wise Idea?
1:42:53 - Was the 70% SUI Position Sizing Wrong?
1:44:13 - Does Raoul Still Believe In Hold And Do Nothing?
1:44:48 - The One Major Shift Left To Witness
1:48:46 - How Good Is AI Today?