For those unfamiliar with the term “anon”, it refers to the prolific but anonymous identities that many veteran crypto investors use to discuss projects and express views on the market without revealing details of their personal lives.
Out of the legion of such popular anon accounts on Twitter, the members of a syndicate known as “eGirl Capital” have established large followings due to their commentary, research and investment in cryptocurrency.
In this episode of The Scoop, CL, an anon from eGirl Capital joins host Frank Chaparro to discuss how the group formed and why they are able to operate so cohesively.What started out in 2020 as a simple group chat between friends became reality when one of the group’s members registered eGirl Capital as a legal entity.
While not a VC firm in the traditional sense, the establishment of a legal entity paved the way for eGirl Capital to participate in deals together. At a time when established firms such as Bain Capital are entering the crypto space, CL believes the crypto native anons of eGirl Capital have an edge in terms of spotting quality projects.
While being crypto-native gives the group much more experience and knowledge than the traditional financial institutions who are trying to enter the space, eGirl Capital also benefits from their lack of traditional corporate structure.
“There is no founder, no head trader...and none of us are getting paid, except for a few interns,” CL said.
In regards to potential deals, the decision must be unanimous: “If one person is very firmly ‘no’ then it’s a no.”/
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