Generalist VCs unpack the risks and rewards of bootstrapping liquidity with tokens

Quick Take
- VCs from M13 maintain that launching tokens is an effective way to bootstrap liquidity, as long as it’s done thoughtfully.


Episode 509 of The Scoop was recorded with The Block's Frank Chaparro, M13 General Partner Latif Peracha, and M13 Principal Mark Grace.
Listen below, and subscribe to The Scoop on YouTube, Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Please send feedback and revision requests to [email protected]
In this episode, host Frank Chaparro is joined by M13 General Partner Latif Peracha and M13 Principal Mark Grace.
The conversation explores the risks and opportunities presented by crypto's volatile liquid tokens, as well as the need for crypto founders to balance short-term liquidity with long-term potential when it comes to bootstrapping.
OUTLINE
00:00 Introduction
01:17 Sponsor Shoutouts
03:40 Overview of M13
08:07 Generalist Crypto VCs
10:35 IPOs vs. ICOs
12:42 Token Volatility
18:32 Taking Profit
22:30 Opportunities in CeFi vs. DeFi
28:20 Regulatory Clarity & Innovation
31:17 Predictions & Closing Thoughts
GUEST LINKS
M13 - https://www.m13.co/
M13 on X - https://x.com/M13Company
Latif Peracha on X: https://x.com/latifperacha
Mark Grace on X: https://x.com/markwgrace
Are you hiring in crypto?
Use Campus to quickly find your best candidates with our challenging Crypto Assessment Test.
Faster hiring, stronger teams.
Sign up for a trial today: theblock.co/campus
This episode is brought to your by our sponsors:
Fidelity
Explore Fidelity crypto careers today. Go to crypto.FidelityCareers.com to learn more.
Uranium.io
Investing in uranium is now widely accessible. Visit uranium.io to learn more.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.