Avichal Garg, Managing Partner at Electric Capital, discusses how crypto and DAOs unlock human potential by removing intermediaries and friction from capital formation. He explains why Electric Capital structures itself like a startup with engineers leading, and shares his vision for billions of global entrepreneurs accessing funding through decentralized systems.
In this Block by Block episode, Danelle Dixon interviews Avichal Garg about Electric Capital's billion-dollar Web3 investment thesis. Garg explains how DAOs represent the natural evolution of corporations, reducing friction from 30 days to 30 seconds for entity creation. He discusses Electric Capital's engineer-first organizational structure, designed to operate on-chain and participate in token economies. Garg shares his belief that crypto can unlock 500 million to a billion entrepreneurs globally by providing capital and support, using examples like musician DAOs and community-owned music. He reflects on missed opportunities including underestimating NFTs and stablecoins, and emphasizes that finding brilliant people and believing in them is the core mission driving his work in Web3.