123 - Investing in the Chainsmokers | Drew Taggart & Alex Pall

Jun 20, 2022

Guest

Alex Pall

Guest

Drew Taggart

Drew Taggart and Alex Pall, the dynamic duo behind The Chainsmokers, dive into their evolution as both music icons and savvy investors. They explore their adventurous journey in NFTs and the importance of community engagement. The duo discusses their innovative strategies for merging music with cryptocurrency, while sharing insights on the transformative power of blockchain technology. Their commitment to sustainability and supporting emerging artists reveals a refreshing perspective on investment and artistic authenticity in today's evolving landscape.

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INSIGHT

Importance of Partnership

Finding a partner with complementary skills and aligned values is crucial for success.
Mutual support and pushing each other out of comfort zones are key benefits.

ANECDOTE

Transition to Investing

Inspired by tech entrepreneurs, The Chainsmokers transitioned into investing, initially through angel investing.
They later formalized this by creating Mantis VC.

INSIGHT

Mantis VC Investment Philosophy

Mantis VC prioritizes investing in people with strong work ethics and vision, especially at seed and Series A stages.
They leverage their experience to provide value beyond capital.

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✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/123-the-chainsmokers-debrief

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Drew Taggart and Alex Pall make up The Chainsmokers, one of the most popular electronic music groups in the world. Music isn’t their only passion, though. In their latest album, “So Far So Good,” they experimented with music NFTs via the Royal platform.

As some of the most successful creators and also investors, Drew and Alex are reshaping what it means to be a creator. With community at the forefront, The Chainsmokers are a duo that you should be paying closer attention to.

How did The Chainsmokers come to be so successful? What are their plans for the future of their crypto trajectory and community? Answers to these questions and so much more in the interview!

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------ Topics Covered:

0:00 Intro 4:28 How the Chainsmokers Came to Be 16:05 Developing a Business Mindset 25:32 Alex & Drew’s Chemistry 34:42 Jumping into Investing 38:24 The Mantis Thesis 44:08 Investing, Music, & Product Market Fit 46:50 The Chainsmokers Investing Stigma 53:08 Activist Investing 1:01:14 The Chainsmoker’s Entrance into Web3 1:09:20 The Chainsmoker’s Mint with Royal 1:19:02 What Happens Next? 1:25:08 Alex & Drew’s Crypto Portfolio 1:27:20 Closing & Disclaimers

------ Resources:

The Chainsmokers https://thechainsmokers.com/

Mantis VC https://www.mantisvc.com/

The New Chainsmokers Album https://open.spotify.com/album/1CxCEPIZbaE28qUDW4wN0t

Royal https://royal.io/

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures