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In the inaugural episode of the DePIN Roundtable, Connor Lovely is joined by Santiago R Santos, Mahesh Ramakrishnan, and Jason Badeaux to explore the evolving world of decentralized physical infrastructure networks. They reflect on Bitcoin’s foundational role, early model flaws, and growing interest from non-crypto sectors, highlighted by Santiago’s insights from a Dubai conference. Mahesh discusses the collegial shift among fund managers, fundraising challenges, and the upcoming DePIN Summit in Africa. Jason shares updates on Daylight’s energy subscription model and lessons in team building. The group debates token models, product-market fit, and the experiences of projects like Helium, emphasizing the need for better alignment between user needs and tokenomics. The episode closes with an optimistic outlook on DePIN’s potential to transform infrastructure as SaaS did for software.

Timestamps:

00:00 - Introduction

01:11 - Welcome to the DePIN Roundtable

02:09 - Insights from the Dubai Conference

05:24 - Fundraising Challenges in Crypto

08:53 - Santi's Fundraising Success

12:04 - Building a Strong Team

15:55 - Daylight's Revenue Generation

20:30 - Daylight's Growth and Hiring

21:09 - Energy Subscription Model

25:11 - Token Launch Considerations

30:00 - Learning from Helium's Journey

35:09 - Supply Sinks in DePIN Networks

41:11 - Innovative Token Use Cases

Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.