The Big Read: The Master of Destruction Rides AgainRead more

Lydia Hylton. Credit: Bain Capital Crypto Art: Mike Sullivan

Bain Capital Crypto’s New Partner on How to Tell if NFT Hype Is Real

By  |  April 6, 2022 4:20 PM PDT
Photo: Lydia Hylton. Credit: Bain Capital Crypto Art: Mike Sullivan

A week after Bain Capital Ventures unveiled a new fund that will pour $560 million into crypto investments, Lydia Hylton joined the venture firm as a partner from Redpoint Ventures, where she previously invested in Web 3 infrastructure startups. In an interview with The Information, Hylton discussed how she and her colleagues are doing due diligence on crypto-fuelled communities.

Take non-fungible tokens, the digital collectibles that founders are racing to incorporate into their business models as a way for creators to extend their brand. It can be hard to understand whether an NFT’s value is driven by fan interest or simple speculation that the NFT will rise in price. This means investors can’t rely solely on indicators like token prices to understand how an entity, such as a startup that lets creators mint their own NFTs and form communities, is performing. Instead, they need to do diligence in other ways. 

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Microsoft's Satya Nadella, left, and Peter Lee. Photo by Bloomberg, Microsoft
How Microsoft Swallowed Its Pride to Make a Massive Bet on OpenAI
Satya Nadella didn’t want to hear it. Last December, Peter Lee, who oversees Microsoft’s sprawling research efforts, was briefing Nadella, Microsoft’s CEO, and his deputies about a series of tests Microsoft had conducted of GPT-4, the then-unreleased new artificial intelligence large-language model built by OpenAI.
Art by Clark Miller
The AI Age e-commerce ai
How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core.
Chris Britt, co-founder and CEO of Chime.
Exclusive startups Finance
Chime’s Slowdown Highlights Limits of Bank Disruptors
Chime found a way to offer zero-fee banking services without being a bank itself. But that approach is starting to show its limits.
Art by Clark Miller
The Big Read markets Finance
The Master of Destruction Rides Again
In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood.
Art by Mike Sullivan
startups asia
Venture Capitalists Face Pressure to Divest From China
Silicon Valley venture capitalists are coming to terms with a new reality: Their once-prized China investments may be victims of a simmering cold war.
Art by Clark Miller.
Social Studies culture
The Day TikTok Went Dark in India
On June 29, 2020, as thunderstorms swept Mumbai and daily Covid-19 cases in India surged by almost 20,000, millions of people began experiencing a flood of network errors on their mobile devices.