Brandon Sedloff sits down with Nick Shalek to explore the evolution of venture investing, the rise of AI, and the long-term implications of tokenization across global markets. Nick shares his journey from the Yale Investment Office to co-founding Ribbit Capital, offering a behind-the-scenes look at how the firm approaches conviction, concentration, and founder partnerships. The conversation dives deep into how AI is reshaping company building, why software alone is no longer a sufficient moat, and how investors are thinking about the intersection of money, data, and power. Nick also unpacks the concept of tokenization and what it means for the future of financial systems and asset ownership.

We discuss:

• Nick’s path from Yale to Ribbit Capital and the lessons that shaped his investing philosophy
• Why small, high-conviction portfolios drive better long-term venture outcomes
• How AI is accelerating the power of individuals and reshaping company formation
• The shift from software as a product to software as a complement to deeper moats
• What tokenization really means and how it could redefine global access to assets