In this episode, we chat with Diogo Monica and Nathan McCauley, the co-founders of Anchorage Digital. We discuss numerous topics, starting with their unique partnership and what they learned from working together at Square and Docker. We then dive into the founding story behind Anchorage Digital, the story of the initial seed round, and scaling the company to hundreds of people. Diogo and Nathan also share their thoughts on the value chain of crypto financial services, lessons from working with various protocols, and how they think about the "Build vs. Buy" tradeoff internally. We also discuss how fundraising differs for later stage rounds, what crypto VCs can help founders with, and general lessons from building one of the largest companies in crypto.