Episode 33 | Kishan Shah on Bear Market Survival in Web3
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Crypto is subject to high volatility and even large market cap protocols are not immune to over 75% pricing drops.
The majority of a web3 project or DAO’s treasury is typically held in their native governance token and turbulent market conditions amplifies the need for good treasury management.
One that does not jeopardize the viability of the project and reassures the community on its financial health.
To discuss operating in a bear market including survival, growing, hiring, and treasury management,
On episode 33, I spoke to Kishan Shah, a former growth equity investor at Goldman Sachs & CFO at venture capital backed and publicly traded tech companies, now helping web3 companies grow faster and manage their treasury.
Topics covered;
- Kishan’s story of how he got into web3 & the emerging primitives of DeFi & NFT (2:07)
- Web3 projects in a bear market (3:23)
- DAO treasury volume & DAO contributors analytics (6:49)
- Considerations for hiring a crypto CFO with minimal web3 experience (8:23)
- 3 key functions are business health, growth & treasury management (10:09)
- Capital allocation and what Kishan’s prescribes to web3 contributors (13:33)
- Financial reporting for DAOs (17:36)
- Treasury management and why it’s important for DAOs (20:06)
- How is web3 tooling different than web2 tooling (23:12)
- Back to basics for accounting (26:20)
See Kishan's web3 articles on Mirror (Treasury management, DAO Financial Reporting, DAO Compensation)
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