Efficiency Is Alpha: AI Disruption & the Return to Sound-Money Investing

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Presented collaboratively by Early Riders & Onramp Media...

Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.

00:00 - Introduction to the Show and Guests

03:22 - Expanding the Conversation: Bitcoin and Capital Markets

05:38 - Robinhood's Crypto Push and Tokenization Trends

12:00 - Value Accrual in Crypto and Traditional Markets

19:57 - User Experience vs. Infrastructure in Crypto

24:22 - AI Disruption: Winners and Losers in Venture Capital

37:14 - The Rise of AI in Venture Capital

40:07 - Understanding Revenue Metrics in Startups

42:31 - The Shift in Founder Expectations

47:14 - The Unsustainable Venture Capital Game

51:43 - The Importance of Sound Money Principles

55:33 - The Future of Venture Capital and Bitcoin

01:01:30 - The Evolving Landscape of Crypto Custody

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Links discussed:

https://x.com/robpetrozzo/status/1939721226697494733
https://x.com/amitisinvesting/status/1939716899656679693
https://x.com/RobinhoodApp/status/1939709086645232006
https://techcrunch.com/2025/06/25/kalshi-closes-185m-round-as-rival-polymarket-reportedly-seeks-200m/
https://www.google.com/url?q=https://www.reuters.com/technology/polymarket-nears-200-million-raise-over-1-billion-valuation-source-says-2025-06-24
https://x.com/Bruce_Markets/status/1937583818430435410
https://x.com/matthew_sigel/status/1940007846680183026
https://confluencevcweekly.beehiiv.com/p/yc-ai-agents
https://newsletter.pragmaticengineer.com/p/state-of-eng-market-2024
https://levelvc.com/this-is-not-your-mothers-alpha/
https://x.com/bgurley/status/1932942519802777681
https://x.com/MTanguma/status/1940009119886533089
https://drive.google.com/file/d/1Srl8Y4pBoKtNVYZBxmfj2TEMYM5tp1mE/view

Keep up with Michael:

https://x.com/MTanguma
https://www.linkedin.com/in/mtanguma/

Keep up with Brian:

https://x.com/BackslashBTC
https://www.linkedin.com/in/brian-cubellis-00b1a660/

Keep up with Liam:

https://x.com/Lnelson_21
https://www.linkedin.com/in/liam-nelson1/

Keep up with Clay:

https://www.linkedin.com/in/cbnorris/
https://x.com/ClayNorris10
https://confluencevcweekly.beehiiv.com/subscribe
https://www.outlaw.vc/