Andrew Durgee | President of Republic Crypto: Building a Fund and Volatile Markets
Unhashed Podcast · Sachi Mihara, Diksha Lyer, Kenzi Watanabe
Audio is streamed directly from the publisher (content.rss.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
In this episode of Unhashed Podcast, Kenzi Watanabe speaks to Andrew Durgee on the work Republic is doing, its various arms, the current market cycle, the impact of the recent Terra-Luna crash, and why Republic has zero attrition.
In terms of structure Republic has four different companies - a holding company, Republic Retail, Republic Capital, and Republic Crypto. Its mission has been to democratize finance and increase access and inclusion. But the regulatory framework makes it very difficult for retail investors to invest in early-stage startups in the US. The framework is based on an accreditation system with a series of requirements that need to be satisfied for an investor to participate in an early-stage venture. These include an average annual income above $200,000 or an average household income above $300,000 or a net worth of $1 mn and a few other parameters that keep a lot of retail investors out.