As a full-time analyst, you’ll be expected to be an active member of the
investment team. Your work will be wide-ranging and hands on, and will require
you to play in many different crypto arenas. You will be expected to meet with
teams, conduct analysis and due diligence, write internal memos, and present
to the broader team.
Writing, curiosity, and critical thinking are by far the most important
attributes for team members in this position. We don't over index on resumes
or accolades. We’re looking for individuals that have a strong, foundational
understanding of the crypto industry and that know how to think from first
principles.
While it’s not necessary, we’re also especially fond of candidates who are
technical, and/or who can read or speak other languages (Chinese, Korean,
Russian, or Japanese).
You will have a lot of freedom to do as you see fit. We expect everyone on the
investment team to find new opportunities, and that inherently requires
freedom.
**Application Process**
This is a hands-on, interactive position, therefore, this is an interactive
application process.
The first step in the process is to produce a written analysis that's on par
with the essays we publish on our blog. We don't expect you to write a 12-page
formal asset analysis. But the quality of your application essay should be on
par with what we regularly produce. Please read our
[blog](https://multicoin.capital/) to establish a baseline prior to applying.
We’re looking for applicants to present a sound hypothesis and then to
substantiate it. Any subject within crypto is fair game so long as you’re
specific. The more contrarian, the better, too.
We are not looking for macro theses, such as "Bitcoin is going to change the
world for X, Y, and Z reasons," or "Why Smart Contracts Matter," or "Why Jamie
Dimon is wrong about Bitcoin," or "How blockchains are going to reshape X." We
are also not looking for an overview of crypto generally or any one particular
asset. We’re looking for you to be very specific, and to take a non-consensus
view and defend it.
There are a few ways to accomplish this. You could write something like Proof
Of Physical Work, Infinite Scale, or Protocols Don’t Capture Value, DAOs
Manage Risk. You could call out some deep flaw or failed token mechanic in a
high profile project and explain the impact on valuation. You could highlight
a trend that is failing or working across a number of projects that
demonstrate your ability to differentiate signals from noise. Anything that
demonstrates deep analysis and unique insights.
Any length is fine. If you can blow us away in 50 words, great. Proving you
write concisely is fantastic. Feel free to leverage any graphics or videos
from around the web to make your case. Or make your own. Whatever's necessary
to communicate clearly.
Do not optimize for speed. Optimize for quality.
If you're concerned that we're close to issuing an offer to someone else and
don't want to risk the time commitment, just ask.
**To Apply**
To apply, please email your resume and application essay to
[spencer@multicoin.capital](mailto:spencer@multicoin.capital) using the
subject "Analyst applicant - Your name"
Feel free to ask Spencer questions on Twitter
([@SpencerApplebau](https://twitter.com/spencerapplebau)) as you're thinking
about or crafting your application.
We do not look at applicants who only click "I'm Interested" or "Apply"
buttons on AngelList.
We look forward to hearing from you.
**About Multicoin Capital**
Multicoin Capital is a thesis-driven investment firm that invests in crypto
assets and companies that are re-architecting large markets around crypto-
native principles, such as trust-minimization and permissionless access.
Since founding the firm in May 2017, we have quickly grown to become one of
the largest crypto-focused investment firms in the world. We are widely
recognized for our contrarian investments.
While our mandate is to produce exemplary returns for our investors, we also
feel the call to shepherd one of the most promising, complex, fast-moving
asset classes in modern history to mainstream adoption.
Multicoin is a nimble firm by design. We are the leanest of our peers with
just 17 full time employees (excluding assistants). We believe this creates an
environment that expedites decision making, and gives all team members an
opportunity to work directly with Kyle and Tushar.
The company is full remote. We’re looking for an analyst that shares our
passion and curiosity to join our investment team. That said, we do have
clusters of employees in Austin, TX and New York City.
To learn more, please visit <https://multicoin.capital/>.
For disclosures, please visit <https://multicoin.capital/disclosures/>.
To view our entire portfolio, please visit
<https://multicoin.capital/portfolio/>.
For our complete list of investment and leadership teams, please visit
<https://multicoin.capital/about/>.
Multicoin Capital focuses on Financial Services, Venture Capital, Hedge Funds,
Bitcoin, and Intellectual Asset Management. Their company has offices in New
York City and Austin. They have a small team that's between 11-50 employees.
You can view their website at <https://multicoin.capital> or find them on
[Twitter](https://twitter.com/multicoincap) and
[LinkedIn](https://www.linkedin.com/company/24776833/).
