When Shift Happens Podcast

E158: Avichal Garg, Electrical Capital CoFounder: Why Bitcoin Hitting $10 Million Is Less Crazy Than You Think

43 snips
Feb 12, 2026
Avichal Garg, co‑founder and general partner at Electric Capital and early backer of Solana, Kraken, and Figma, shares his journey from founder to investor. He discusses patterns behind successful founders, why crypto can level the playing field, cognitive biases that blind people to exponential growth, and why Bitcoin hitting multi‑million prices is less crazy than it seems.
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ANECDOTE

How Bitwise Was Seeded On A Couch

  • Avichal funded Bitwise early after knowing CEO Hunter from Facebook and seeing his top performance.
  • He recalls hosting Hunter and Hong brainstorming at his house for 12–18 months before Bitwise crystallized.
INSIGHT

Founders Are Artists, Investors Are Producers

  • Avichal views founders as artists expressing a worldview through products.
  • His investor role resembles a music producer who helps founders express authenticity to find product-market fit.
ADVICE

Bet On Founders' Obsession Early

  • In pre-seed decisions, prioritize founders' compulsive obsession and authenticity.
  • Spend time understanding their background to judge whether they're the right person to build it.
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