Joel Monegro (@jmonegro), partner at Placeholder, joins Erik on this episode.

They talk about:

- The waves of centralization and decentralization in finance, government, and culture over time.

- How value accruing to incumbents has resulted in completely new fields opening up for innovation.

- Why crypto networks are analogous to countries.

- Joel’s thesis that "ultimately capital is control."

- Why crypto is not a new technology revolution.

- How crypto can change the problem of mis-distribution of capital in societies.

- How Joel’s thinking on these topics has influenced his investment thesis.

Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.

Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.

Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.