The Most Contrarian Bet in Venture Capital
3. The "Visionary & Contrarian" Bettor:
- Core Philosophy: Data helps optimize, but true breakthroughs come from non-obvious insights and strong conviction about where the world is going. Building something truly magical requires taking leaps data can't yet support. Avoid the "local maximum" trap.
- Potential Critique/Questions for You:
- "Your 'Int
Gemini
The firm has won by taking a contrarian approach. When Multicoin started, the investing landscape was dominated by funds focused on Bitcoin and Ethereum. Founders Kyle Samani and Tushar Jain saw opportunity elsewhere, making contrarian bets on Helium, The Graph, and Solana.
The Generalist (US) • Multicoin Capital: The Outsiders
The most contrarian thing of all is not to oppose the crowd but to think for yourself.
Peter Thiel, Blake Masters • Zero to One
only invest in companies that have the potential to return the value of the entire fund.
Peter Thiel, Blake Masters • Zero to One
The most contrarian thing of all is not to oppose the crowd but to think for yourself.
Peter Thiel, Blake Masters • Zero to One
