February 2023
Vol 9 | Issue 600

Q&A with Zach Resnick of Unbounded Capital

Managing Partner

Luminary Series:

Unbounded Capital is a micropayments-focused investment firm built by technical founders that understand the entrepreneurial journey; former poker pros that know how to analyze risk; and investors that understand that early-stage investing is not a passive activity.

They are a thesis driven investment firm, but know that the most important thing for a company to succeed is the founders.

They envision businesses utilizing micropayments playing a predominant role in shaping how people interact with and use the internet in the coming decades, and are working hard to help entrepreneurs achieve that vision.

Unbounded has as little exposure as we can to cryptocurrencies, cryptoassets, or companies that make money off the speculation of either.

Luminary Series Webinar Featuring Zach Resnick – The Blockchain VC Who Predicted BlockFi and FTX’s Blowup.

Many family offices land venture funds lost significant capital with the blowups of FTX, BlockFi, and more in the crypto space over the last six months. Zach Resnick, Managing Partner of Unbounded Capital, was not one of them. He and his firm have been writing about the dangers of crypto and specifically BlockFi and FTX since 2020. In this special edition of our Luminary Series, we explore the ongoing crypto contagion and what he thinks are likely to be the next big blowups, why he thinks all LPs should avoid the crypto sector as a whole, and what opportunities there are to make money over the long term investing in blockchain technology.

February 23, 2023 at 10:00am-10:30am EST
RSVP & Confirmation Required
Investors Only Please!

Family Office Insights is a voluntary, “opt-in” collaborative peer-to-peer community of single family offices, qualified investors and institutional investors. Join the community here www.familyofficeinsights.com

What is a contrarian view you have of the blockchain world that other VCs in your space do not share?

That scale is paramount for blockchains. Investing in blockchains and companies built on top of them that have gotten exponentially more expensive and slower is not a good long term investing strategy.

Not a single blockchain or crypto focused fund has invested meaningfully into blockchains that don't fit that bill - popular blockchains like Ethereum, Solana, Polygon, Avalanche, Algorand categorically do not scale. Further reading: https://unboundedcapital.com/scalability-research

Could coordinated law enforcement actions send BTC to zero?

We think the answer is likely yes. Further reading: https://unboundedcapital.com/blog/could-coordinated-law-enforcement-actions-send-btc-to-zero

Why are you passionate about Bitcoin and blockchain?

I believe in Bitcoin because I think owning your own data and being able to do commerce with it can fundamentally transform global markets.

I believe in Bitcoin because the quality of entrepreneurship of those building on the Bitcoin SV version is unparalleled to any ecosystem I have ever seen.

I believe in Bitcoin because I am not aware of any technology or ecosystem that is actively furthering the values of freedom and sovereignty in a greater way.

Further reading: https://unboundedcapital.com/blog/why-i-believe-in-bitcoin-1

Zach Resnick of Unbounded Capital

Zach co-founded Unbounded Capital with Dan Rosen in 2018. He is also a founder of poker education and content company Just Hands Poker and of discounted biz/first class flight concierge service FlyFlat. During his early 20s, Zach made a living from playing cash games and investing in other poker players, providing a unique understanding of risk management that is largely shaped through leveraging volatility to outperform others in the high-risk high-reward situations of poker. In 2016 Zach made his first personal investment in Bitcoin and began a disciplined due diligence process for investing in cryptoassets. He then began managing founding partner Dan Rosen’s capital and the continued success investing gave them the confidence and capital to start the firm in the SF bay area, officially launching in August of 2018.

Contact Zach: zach@unboundedcapital.com