Earlier this month, Aura Ventures joined forces with Haymarket HQ and Neon Playground for the panel What Opportunities Come After this Crypto Winter?
Held on the 16th of November, the event followed major changes in the crypto market, with FTX filing for bankruptcy in the U.S. and crypto prices falling. Panellists Sean Stuart, Investment Analyst at Aura Ventures, Alyse Sue, Director of Metaverse at KPMG and Co-Founder of FutrDAO, and John O’Loghlen, Country Director at Coinbase focused on key lessons from the freeze.
“In many ways, going forward, it will be good to shift to more board seats, more structure, and just kind of like a normal early-stage investment in any other space,” Stuart said, reflecting on failures in the industry to enact proper due diligence.
He noted that venture capital firms don’t necessarily need to take board seats in every circumstance, but overall “the key thing is the regulation and the governance … which in much of the crypto space there is no governance.”
Panellists also touched on exciting opportunities in the space, including the use of smart contracts.
“What I see that is kind of hot but doesn’t really excite me is gaming,” Sue explained. “I think there’s still a lot of room for growth and a lot of interest there, though it is quite inelastic in terms of demand, regardless of the economy.”
We will be sharing videos from the event via LinkedIn, so be sure to give the Aura Group page a follow if you haven’t already.
This information is for accredited, qualified, institutional, wholesale or sophisticated investors only and is provided by Aura Group and related entities and is only for information and general news purposes. It does not constitute an offer or invitation of any sort in any jurisdiction. Moreover, the information in this document will not affect Aura Group’s investment strategy for any funds in any way. The information and opinions in this document have been derived from or reached from sources believed in good faith to be reliable but have not been independently verified. Aura Group makes no guarantee, representation or warranty, express or implied, and accepts no responsibility or liability for the accuracy or completeness of this information. No reliance should be placed on any assumptions, forecasts, projections, estimates or prospects contained within this document. You should not construe any such information or any material, as legal, tax, investment, financial, or other advice. This information is intended for distribution only in those jurisdictions and to those persons where and to whom it may be lawfully distributed. All information is of a general nature and does not address the personal circumstances of any particular individual or entity. The views and opinions expressed in this material are those of the author as of the date indicated and any such views are subject to change at any time based upon market or other conditions. The information may contain certain statements deemed to be forward-looking statements, including statements that address results or developments that Aura expects or anticipates may occur in the future. Any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected in the forward-looking statements. This information is for the use of only those persons to whom it is given. If you are not the intended recipient, you must not disclose, redistribute or use the information in any way.
Aura Group subsidiaries issuing this information include Aura Group (Singapore) Pte Ltd (Registration No. 201537140R) which is regulated by the Monetary Authority of Singapore as a holder of a Capital Markets Services Licence, and Aura Capital Pty Ltd (ACN 143 700 887) Australian Financial Services Licence 366230 holder in Australia.