{"podcast":{"title":"The Fintech Blueprint","slug":"the-fintech-blueprint-1372983","podcast_index_feed_id":1372983,"rss_url":"https://feeds.simplecast.com/sQKPtdhq","website_url":"https://lex.substack.com/","image_url":"https://image.simplecastcdn.com/images/1780cd51-89dc-4424-ac68-9a0a45de228a/95b116ce-c30a-470e-85af-f74221f740c2/3000x3000/podcast-copy.jpg?aid=rss_feed","author":"The Fintech Blueprint","episode_count":201,"summary":"Finance is being pulled apart by the forces of frontier technology. From AI, to blockchain and DeFi, mixed reality, chatbots, neobanks, and roboadvisors — the industry will never be the same. Here is the blueprint for navigating the shift.","last_synced_at":null,"page_url":"https://stenobird.com/podcast/the-fintech-blueprint-1372983"},"episode":{"title":"How to Invest in the best Crypto Funds, with Matthew Le Merle CEO of Blockchain Coinvestors","slug":"how-to-invest-in-the-best-crypto-funds-with-matthew-le-merle-ceo-of-blockchain-coinvestors","published_at":"2025-08-11T16:23:30+00:00","page_url":"https://stenobird.com/podcast/the-fintech-blueprint-1372983/how-to-invest-in-the-best-crypto-funds-with-matthew-le-merle-ceo-of-blockchain-coinvestors","show_page_url":"https://stenobird.com/podcast/the-fintech-blueprint-1372983","url":"https://lex.substack.com/","audio_url":"https://cdn.simplecast.com/audio/7051d3f0-1ddb-41e0-b514-e52dd30df9ac/episodes/577bc88c-108e-468c-9dcd-41d91f586429/audio/2e80dcad-5da8-46f6-957e-b9063cdf4f9c/default_tc.mp3?aid=rss_feed&feed=sQKPtdhq","summary":"Lex chats with Matthew Le Merle - CEO of Blockchain Coinvestors, a leading blockchain and AI fund-of-funds. He reflects on the limitations of large institutions in adopting disruptive technologies and why he chose to back innovators over incumbents, using stablecoins as an example of asymmetric value creation. Le Merle explains his evolution from angel investor to institutional LP, highlighting the benefits of leveraging top-tier venture capitalists’ expertise in inefficient early-stage markets. He outlines the psychological challenges of venture investing, where failures appear early and outsized wins often take a decade, contrasting this with the faster liquidity but higher existential risk in token markets. Finally, he critiques institutional allocators for over-relying on efficient markets, under-allocating to venture despite its role in driving future value, and positions his strategy as fully committed to early-stage blockchain and AI as the highest-returning segments. NOTABLE DISCUSSION POINTS: 1. Innovation Threatens Incumbents, Benefits Disruptors: Major technological shifts, from the internet to blockchain and AI, create winners and losers. Incumbents often resist disruptive change because it threatens existing revenue models, while nimble startups and tech-first companies can rapidly capture new market opportunities. 2. Venture Success Requires Navigating High Failure Rates: In early-stage investing, most portfolio companies will fail, often within the first 3–4 years. Returns are driven by a small number of outsized successes, usually via acquisitions rather than IPOs, requiring patience, resilience, and a disciplined investment strategy. 3. Inefficient Markets Offer the Greatest Asymmetric Upside: Early-stage venture and emerging technologies like blockcha…","meta_description":"Lex chats with Matthew Le Merle - CEO of Blockchain Coinvestors, a leading blockchain and AI fund-of-funds. He reflects on the limitations of large instit…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3144,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-fintech-blueprint-1372983/episodes/how-to-invest-in-the-best-crypto-funds-with-matthew-le-merle-ceo-of-blockchain-coinvestors/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-fintech-blueprint-1372983/how-to-invest-in-the-best-crypto-funds-with-matthew-le-merle-ceo-of-blockchain-coinvestors.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}