Michael Safai is the Founding Partner of Dexterity Capital, an algorithmic high-frequency trading firm focused on cryptocurrencies. The lean team makes between $2 billion and $4 billion in trades per day. Michael is a seasoned operator in tech, with a multidisciplinary background with careers in tech and law, and an academic background in astrophysics and economics from UC Berkeley. Dexterity Capital are defining – and constantly redefining – algorithmic trading for all areas of the cryptocurrency world. They specialise in market neutral strategies. That means they thrive regardless of whether the bulls or bears are winning. With offices in Seattle, San Francisco, New York, and London they run their strategies 24/7 around the globe.

You can also watch this episode on our YouTube channel.


Dexterity's website: https://dexterity.capital/
Michael's Twitter: https://twitter.com/michaelsafai/  
Michael's LinkedIn: https://www.linkedin.com/in/msafai/

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Timestamps:

00:00 Michael's background
06:54 Dexterity Capital
11:08 Price inefficiencies
15:40 TradFi vs. DeFi
17:52 Due diligence (Seed & DeFi)
20:00 Is Crypto institutional money?
23:50 Current market situation
25:55 Maximalism vs. rationalism
30:00 The web3 discussion
32:42 Operating: how Michael runs his company
40:00 Career advice trying to get into this space
44:00 Mentors and lessons
45:50 Resources to learn
47:40 Wrap up

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Rational VC provides regular content on technology investing and technology building. We also write long-form memos. You can sign up for these monthly memo newsletters on the website: https://www.rationalvc.com/

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Your feedback and comments are very welcome. We hope you enjoy listening as we embark on a journey to understand this space; clearly, and rationally, of course.

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