Peeking into the World of Web3 Venture Capital with Aly Madhavji

Colors of Web3 & Entrepreneurship

In this insightful 23rd episode of Colors of Web3 & Entrepreneurship, we sit down with Aly Madhavji, the managing partner at Blockchain Founders Fund, a leading venture capital firm investing in the Web3 space.

Aly shares his unique perspective on the industry, having been involved in the ecosystem for over 7 years.We delve into Aly's professional journey, from his early entrepreneurial ventures to his deep dive into the world of crypto and blockchain. Aly discusses the key trends and narratives he's observing in the current market cycle, including the rise of AI, layer-1 and layer-2 blockchains, and the potential of decentralized physical infrastructure.

Additionally, Aly provides a behind-the-scenes look at the day-to-day operations of a Web3 VC firm, highlighting the challenges they face in sourcing and evaluating deals, as well as the strategies they employ to support their portfolio companies.

⌛ Timestamps

00:00 - Episode preview

00:21 - Introduction about the show and the guest: Aly Madhavji from Blockchain Founders Fund

01:00 - Introduction from Aly and his fund's focus

03:40 - Aly's Corporate turnaround experience

05:00 - Transition to crypto and Web3

07:50 - The core of Web3 & NFT's

10:07 - Web3 Adoption in Developing Nations

11:30 - Aly's hobbies outside of Web3

15:30 - Deep dive into Blockchain Founders Fund (BFF)

20:10 - Sub-thesis approach at BFF

31:00 - Revenue share mechanism opportunity in gaming

34:10 - Opportunities in hypercasual games

37:00 - Narratives for the bull market cycle per Aly's take

40:00 - The prevailing narratives in Web3 and a limit for number of winning narratives in a bull market?

46:15 - Day-to-day of a VC

53:50 - How VC's invest in companies and some red flags they look out for

57:10 - Challenges for VC

01:04:15 - How to onboard 1 billion people into Web3

01:06:05 - Advice for founders raising funding

01:09:43 - Episode outro and next episode preview

Follow Blockchain Founders Fund:

Twitter/X: https://twitter.com/BlockchainFF

LinkedIn: https://www.linkedin.com/company/blockchainfoundersfund/

Website: https://blockchainff.com/

My social media if you guys want to follow me:

Twitter/X: ⁠https://www.twitter.com/LamWeb3⁠

LinkedIn: ⁠https://www.linkedin.com/in/lamweb3/⁠

Website: ⁠https://lamtrinh.xyz⁠

If you enjoy this episode, please subscribe to stay updated on our upcoming episodes with industry experts and innovators in the Web3 and Entrepreneurship spaces. Thank you for listening!

My latest article is out (and it's related to 40:00in the video): https://lamweb3.substack.com/p/the-2-3-web3-narratives-that-will

Thank you for your support!