Arthur Hayes, co-founder of the family office, revealed details of the investment in Pantera: a 30% Dividend structure, with a severe loss of 44%.

Arthur Hayes, co-founder of BitMEX, and Akshat Vaidya, co-founder of the family office fund Maelstrom Capital, stated that he participated in the Pantera Early-Stage Token Fund four years ago. However, under a structure of 3% management fee plus 30% performance dividend, Bitcoin has doubled in the past four years, but his investment of $100,000 has shrunk to $56,000. He also learned a lesson from this, that most encryption funds have grown too large in their initial scale, and there are not that many projects that can actually make money.

3% management fee plus 30% performance Dividend, Bitcoin doubled or lost

Akshat Vaidya is the former Vice President of Corporate Development and Strategic Development at BitMEX, and co-manages Maelstrom Capital with the family office of BitMEX co-founder Arthur Hayes. Notable investments during this period include Ethena, Etherfi, Solayer, Limitless, BIO Protocol, and others.

Akshat Vaidya stated that he invested 100,000 USD in a private equity fund four years ago, which charged a 3% management fee and a 30% carry dividend (. However, over the past four years, the price of Bitcoin has doubled, and many seed round investments have even seen returns of 20 to 75 times, but the fund managed to spend half of the LP's capital by relying on its fees.

Investment Pantera performance -44%, early encryption venture capital is no longer the best choice for LPs.

In the end, during the four-year cycle where Bitcoin doubled, his investment of 100,000 USD in the fund was reduced to only 56,000 USD, losing even his underwear. The image also reveals that the fund is the well-known venture capital Pantera's Pantera Early-Stage Token Fund. This fund was launched in 2017 and is only open to accredited investors.

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Akshat Vaidya summarized this matter as an experience: “Most early encryption funds have already surpassed the real winner pool that this market can bear. Liquidity providers )LP( should have better investment opportunities, and early encryption venture capital is no longer the answer.”

This article reveals the investment details of Arthur Hayes, co-founder of the family office, in Pantera: a 30% Dividend structure, suffering a loss of 44%, first appeared in Chain News ABMedia.