Delphi Digital

Watch the full episode ft. @sandykory here. delphi.link/Delphipod

Venture capitalist Sandy Kory says hiring quality can make or break promising startups. "It's theoretically possible to go from 20 people to 60 people in a year and keep a high bar on hiring and keep a strong mission orientation but it's unlikely.

I’m excited to announce our $40M Series B, led by @AmplifyPartners with @kleinerperkins, and @Theoryvc. After knowing each other for 10 years and meeting in our freshman year in college, Cheng Han and I came together in 2021 to solve the massive problem with blockchains - the data was fragmented across hundreds of chains and unusable at scale. Today, we manage 30+ petabytes of blockchain data that serves as the onchain system of record for institutions like Visa, BCG, and major banks and asset managers. A lot has changed since our Series A two years ago: → Revenue grew 10x → 150+ enterprise customers → Visa and BCG built their stablecoin dashboards on Allium → Data cited by research institutions from the Fed to Stanford Since we founded Allium 5 years ago, blockchain went from retail speculation to institutional infrastructure for 24/7 settlement, programmable payments, and tokenized assets that trade like equities. Allium went from 3 people in a room to the data layer leading institutions trust to operate onchain. Thank you to our customers, investors, and especially the Allium team for helping us reach this milestone. It's been an incredible journey so far, and we're excited to continue building the system of record for onchain finance. A special thank you to @dbeyer123 from Amplify who’s joining our board, @ttunguz @SpencerFarrar @LM_Braswell and everyone who believed in us from the beginning. And thank you to @bdanweiss and @FortuneMagazine for covering the news! Read more about our announcement:

Watch the full episode here. delphi.link/HivemindJune1

Jose explains why the AI cycle looks different from the dot-com bubble. “When we think about the leaders of the dot-com bubble, Cisco was trading at like 120x earnings, Oracle was 150... and nowadays you’ve got Nvidia, which has like 47% free cash flow margins.”

Watch the full episode here. delphi.link/HivemindJune1

Kevin explains why extreme RSI isn’t always a top signal. “RSI gets misconstrued as a topping signal, whereas in reality, it’s a confirmation of momentum.”

Etherfi is evolving from a simple crypto card to an onchain credit layer. Users deposit into a yield-bearing vault and borrow against the deposit when they spend. No assets get sold and the deposit continues to earn yield. @ether_fi Cash adds a credit revenue stream through the Borrow Mode, where card spend creates an interest-bearing borrow balance against the user’s Vault collateral. Cumulative card spend has crossed $560M. Borrows are at $67M, roughly 12% of all spend already running through credit. Etherfi's advantage is that the user’s money already sits inside its Vault. Once Etherfi owns that balance relationship, the card becomes only the first product attached to it.

Watch the full episode here. delphi.link/HivemindJune1

Jason explains why pre-IPO markets could become one of Hyperliquid’s strongest distribution channels. “These markets are more of the Trojan horse to get TradFi aware of Hyperliquid and talking about it.”

Have said for a while one big *eventual* risk to the AI bull market will be debt buildups But despite the stream of headlines, that's not a today risk Part of a much bigger convo on AI's current economics, open source AI's breakthrough moment, & the value of frontier intelligence ⬇️

The incredible @sandykory is a Venture Capitalist who is hyper focused on finding unique and out of distribution founders This has led him to back @BillionToOneInc at a $4M valuation (now $5B), @PalantirTech very early, @baseten, @sendcutsend and others Full Episode ⬇️

Read the full Neobank report here. delphi.link/Neobanks2

Watch the full episode here. delphi.link/HivemindJune1

Tommy explains why open-source AI is becoming harder to ignore. "I think we're underestimating how easy and cheap it is to switch to open source models and how good they are."

Watch the full episode here. delphi.link/HivemindJune1

Jose explains why the bull case for Zcash hasn’t changed. "I think what people want to see that the hacks are dealt with promptly and well... And I think the team handled it really well."