Alex Felix

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Alex Felix

Alex Felix

@flex4blox

@coinfund co-founder & CIO, @dartmouth and skier. Not investment advice, these are my personal opinions.

NYC شامل ہوئے Mayıs 2010
1.5K فالونگ4.6K فالوورز
Alex Felix
Alex Felix@flex4blox·
@JasonYanowitz @hal2001 The onchain part doesn't change the cap table math. Convert to equity and you potentially have 10k+ shareholders: most private company exemptions cap out well below that. What's the legal structure that actually makes this work at scale?
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Yano 🟪
Yano 🟪@JasonYanowitz·
Been speaking with dozens of small cap token founders. @hal2001 and Across broke the seal. We are about to see several teams convert their tokens back to equity. But they'll keep it onchain. All the shareholder rights of equity, all the benefits of being onchain.
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Alex Felix
Alex Felix@flex4blox·
You wouldn’t know we’re in a bear market walking into @blockworksDAS Institutions aren’t waiting for prices to recover, they’re building and allocating now As @JasonYanowitz said, crypto will win. Tomorrow I’ll be on stage with @robbieklages, @tarunchitra, and @samantha_bohbot talking about the infrastructure that will make that possible
Yano 🟪@JasonYanowitz

Our goal for DAS this year was simple. Inject optimism back into this industry. Optimists always win. Always. But I get the sense crypto has been overtaken by pessimism. We need to snap out of that NOW. We have been building Blockworks since Dec 2017. I have never seen this much momentum, this many tailwinds, this much institutional and political support for crypto, this much real world adoption. And all I hear on this app is complaining about the tokens going down. Most tokens will stay down, that’s ok! But what most seem to be missing is that the winners are emerging. Their tech will get adopted globally. Their platforms will be seen as staples of society. And yes, their tokens will go up (a lot). We wanted to show you with DAS this year that crypto will win. I hope we’ve played a small role in sparking your optimism in this idea. Crypto will win.

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Alex Felix
Alex Felix@flex4blox·
Crypto M&A surged 7x in 2025 to $37B @Mastercard just acquired @BVNKFinance for $1.8B, the largest deal of 2026 and #2 all time behind @coinbase acquisition of @DeribitOfficial Two $1B+ exits in stablecoin orchestration in under two years (Bridge acquired by Stripe was the first) Keep an eye on @dakota_xyz, which is building in this area with a differentiated approach on both technology and licensure. Most teams only get one of those right. They’re nailing both Someone in this space will build a much larger outcome for investors. The category is still early. Good read from @bdanweiss at @FortuneMagazine: fortune.com/2026/03/17/mas…
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Alex Felix
Alex Felix@flex4blox·
@santiagoroel Nice framing. Where do you think the next wave of crypto entrepreneurs comes from?
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Santiago R Santos
Santiago R Santos@santiagoroel·
This year I’m on pace to make the lowest number of angel checks into crypto. Dollar-wise I’m still deploying the same amount but more concentrated and in other sectors. Why is that? I haven’t seen that many good projects lately. Maybe a skill issue of mine, or founders are reaching out less because I’m heads down building Inversion now. But a lot of crypto VCs say the same thing, that they haven’t seen many novel ideas or great teams. Most of the venture dollars are going to later stage projects like Polymarket and Kalshi. Sentiment is quite bad out there. It’s so tempting to say we’ve innovated what we could. Perps are dominated by Hyperliquid. Gaming and social are “dead,” for now. I’ve seen this movie before. We haven’t finished innovating. Not even close. Most of what we’ve done is copy traditional finance and make a lot of the same mistakes in the process. But we have killer 0 to 1 foundations that have set the stage for the next crop of builders. The market has less patience for the 10th prediction market or perp protocol. It has zero for social, gaming and NFTs. For now. We need more creativity from builders. We need a few bold ones to try it again when so many have failed. Builders will come, but not right now. The best and brightest are in AI. We’ve seen this movie before too. Yes, it’s very hard to get scale. It always is. In some ways the days of making easy money with ICOs is dead. Such is the state of early movements. We’ve grown up. It’s more competitive but my god it’s not remotely late. It’s painfully early. I spend less time on angel investing now, making the occasional bet on founders I’ve followed or in spaces synergistic to Inversion. But I’m optimistic. Great founders get discovered and ideas get funded faster today because AI and open source have radically lowered the cost of launching something. That makes it very easy to start companies. Builders will come because we haven’t solved crypto. There are plenty of hard problems and smart people want to work on hard and meaningful things. Crypto has no shortage of either.
Suraj Sharma@suraj_sharma14

Here are the Web3 angel investors actively backing builders right now: 1.) Naval Ravikant (@naval) AngelList founder. Early Bitcoin believer. One of the most influential angels in all of tech not just Web3. Backs founders who are building for the long term. Not the next cycle. Focus: infrastructure, DeFi, open source, crypto primitives 2.) Balaji Srinivasan (@balajis) Ex-CTO of Coinbase. Former General Partner at a16z. One of the most crypto-native angel investors alive. Backs builders who understand why decentralization actually matters. Focus: network states, DeSci, Bitcoin, decentralized infrastructure 3.) Tyler Winklevoss (@tylerwinklevoss) Co-founder of Gemini. Co-founder of Winklevoss Capital. Seed and Series A stage. Brings direct operational experience from building a major crypto exchange. Focus: Web3, gaming, media, institutional crypto infrastructure 4.) Evan Luthra (@EvanLuthra) Builder-first philosophy. One of the most active angels backing early Web3 founders globally. Known for hands-on guidance from the ground up before projects reach scale. Regular presence at blockchain events. Active on X with his portfolio. Focus: early stage Web3, AI x blockchain, consumer apps 5.) Kunal Shah (@kunalb11) Founder of CRED. Co-founder of Freecharge. 200+ investments across fintech, consumer internet and Web3. Most active angel investor in Asia with massive reach across India's startup ecosystem. If you're building in India this is your most relevant name on this list. Focus: fintech x Web3, consumer crypto, payments infrastructure 6.) David Tisch (@davidtisch ) Managing Partner at BoxGroup. Co-founder of Techstars NYC. Pre-seed and seed stage. High volume. Hands-on. Strong New York network. Known for backing founders at their earliest. Focus: Web3, FinTech, consumer internet, digital health 7.) Santiago R Santos (@santiagoroel) Former Partner at ParaFi Capital. One of the most respected crypto-native angels in DeFi. Deep understanding of protocol economics and on-chain governance. Focus: DeFi protocols, token design, on-chain infrastructure 8.) Stani Kulechov (@StaniKulechov) Founder of @aave . Now actively angel investing in builders working on DeFi, social and lending primitives. One of the few founders who built a billion dollar protocol and is now backing the next generation. Focus: DeFi, social finance, lending infrastructure, open source 9.) Sandeep Nailwal (@sandeepnailwal ) Co-founder of @0xPolygon . Backs builders through Symbolic Capital. Known for the Nailwal Fellowship supporting individual developers. One of the most builder-friendly angels in the entire ecosystem. Focus: ZK infrastructure, DeFi, developer tooling, Indian builders. 10.) Julien Bouteloup (@bneiluj) Founder of Stake Capital. Builder of Curve ecosystem tools. Deep DeFi native. Backs founders who understand protocol mechanics deeply. Focus: DeFi, MEV, staking infrastructure, yield protocols What angels actually want in 2026 from their own words: - Working code over whitepapers - Real users over projections - Founders who understand the problem personally - Long term conviction over short term narrative - Crypto-native judgment plus execution ability The angels still writing cheques are more disciplined and more focused on fundamentals than ever before. Hype doesn't work anymore. Traction does. How to actually reach them: - Engage with their content genuinely on X - Build something they'd find interesting - Get a warm intro through their portfolio founders - Show up consistently before you need anything Cold DMs work occasionally. Warm relationships work always. Save this for a founder who is fundraising right now.

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Alex Felix ری ٹویٹ کیا
Einar Braathen
Einar Braathen@einar_hb·
1/3: Three things that are working in crypto - Cleaned stablecoin payment volume hit $1.8T in February, up 2.7x y/y. Source: @AlliumLabs / @Visa
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Alex Felix
Alex Felix@flex4blox·
@eastdakota I’m as big a skier as anyone but it’s basically been a real estate play. Their resorts are too crowded to be desirable. Epic Pass was genius; until it worked. Now the product is broken and the stock agrees.
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Matthew Prince 🌥
Matthew Prince 🌥@eastdakota·
Vail Resorts ($MTN) likely to open tomorrow down to where if you invested 10 years ago you’d have done as well putting your money in a hole. It’s time for a change to become more asset-light, sell off resorts, and allow character and differentiation to return to skiing.
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Alex Felix
Alex Felix@flex4blox·
@nigeleccles @Kalshi Traditional sports books operate under state gaming law + strict ad/compliance regimes. Prediction markets claim CFTC oversight as financial derivatives. Is this really about self restraint and bad marketing ROI? Or the fight to get clarity on which regulator you sit under?
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Nigel Eccles
Nigel Eccles@nigeleccles·
It is clear to me that @kalshi is going down the same path as Juul, and if they don’t pull back it is going to have the same conclusion. For those that don’t remember, Juul was one of a number of the main vaping brands in the 2010s. It took a product that had a social good (helping smokers quit) but then aggressively pushed it into a new market, non smokers and particularly kids. (See the similarity?) The backlash took time to build but when it did it was devastating for the company. I’ve worked in the online gaming industry for over 25 years, all over the world. This type of marketing is actually extremely rare in real money gaming. Firstly and most importantly it is rare because operators view it as highly unethical. It might surprise you that a lot of people in the gaming industry do actually care about things like underage and problem gambling. Secondly it is also rare because it doesn’t work. Do you think the teenagers in these ads are going to keep playing when they lose all their rent money? The only other company I can think of that pushed this type of advertising was Skillz who aggressively pushed the “second income” line. Check out their share price if want to see how that worked out for them.
Nigel Eccles tweet mediaNigel Eccles tweet media
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Alex Felix
Alex Felix@flex4blox·
If you want a glimpse into the future, the only ways to make money with software will be transaction-based. Everything else gets bundled. Crypto & AI will own the flow of money: • Payments • Settlement • Liquidity • Risk transfer • Compute SaaS and subscriptions are just features and convenience.
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Alex Felix
Alex Felix@flex4blox·
Building onchain is finance's online moment Just like the internet rebuilt media, commerce, and communication on open protocols, blockchains are rebuilding money movement, settlement, and financial services. Today @dakota_xyz announced its evolution into a stablecoin infrastructure platform. For those of us who've been in crypto since the early days, this is what we've been waiting for: new financial plumbing. Cross-border payments still run on correspondent banking networks designed for the fax machine era. Settlement takes days. Money passes through eight or ten intermediaries on some corridors. Fees are opaque. It's a mess and traditional fintech just puts lipstick on the pig by wrapping better interfaces around the same broken architecture. Dakota is different. They've built programmable money movement on crypto rails with compliance tooling baked in. Businesses can embed stablecoin payments, treasury, and payouts into their products through APIs, but without becoming banks themselves. Settlement in seconds. 24/7 availability. Global from day one. We led their Series A because @ryanbozarth @GabeGSell understood something most founders miss: the bottleneck isn't stablecoins, it's the software and regulated infrastructure that makes them usable in production. Ryan scaled Coinbase Custody to over $100 billion in assets. He knows that moving real money requires custody, compliance, and operational rigor, not just blockchain rails. Dakota fits a pattern we keep betting on for onchain primitives to become essential financial plumbing for the real world: @FinanceTrace – Brazil cross boarder payments @SuperstateInc – RWA tokenized assets @lifiprotocol – cross-chain liquidity @veda_tech – DeFi yield infrastructure & more Digital value is moving onchain. It's spilling over into yield, trading and investment. Dakota is the settlement layer underneath.
Ryan Bozarth@ryanbozarth

x.com/i/article/2016…

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CoinFund
CoinFund@coinfund·
.@jbrukh and @ErikVoorhees talk Tether’s USAT launch ⬇️
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Alex Felix
Alex Felix@flex4blox·
I believe the next phase of crypto investing will reward thoughtful company building and long-term strategic thinking. This transition sharpens @coinfund's focus entirely on venture investing, partnering with founders building generational crypto companies for the modern economy. Grateful to Seth and Chris for their contributions to CoinFund.
CoinFund@coinfund

x.com/i/article/2008…

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Alex Felix
Alex Felix@flex4blox·
The future won’t just be about more tools. It will be about voices—machines with track records, reputations & agency. If they’re going to sit at the table, we’ll need systems like Recall to tell us which ones deserve that seat.
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دریافت کریں

@JasonYanowitz @hal2001 @coinfund @blockworksDAS @robbieklages @tarunchitra @samantha_bohbot @Mastercard