Inside Crypto VC: Incentives, Risks, and Outrageous Bets

🎙️Navigating Incentives, Risk, and Outlandish Bets with Figment Capital

In this episode, host Alex Watt sits down with Jim Parillo, Managing Partner at Figment Capital, to demystify the inner workings of venture capital in crypto. From how VC partnerships are structured to the real meaning of “carry,” Jim shares candid insights on incentives, risk, and founder–investor dynamics.

The discussion covers the challenges of pitching VCs, pivots, and why founders shouldn’t be afraid to ask for help. Jim also breaks down complex topics like L1 premiums, foundations, and regulatory risk, before closing with a memorable story of Figment Capital’s investment in the unconventional world of sperm racing.

Whether you’re a founder, builder, or investor, this episode delivers a rare inside look at how ...