> Timestamps
> 
> 00:00 - Intro
> 01:15 - Alyse Killeen Intro
> 03:42 - Why Is Stillmark Focused on Bitcoin? 
> 08:33 - Investing in Bitcoin vs. Bitcoin Companies
> 10:39 - Emerging Bitcoin Companies
> 20:28 - Investing in Tokens vs. Equity
> 23:03 - Is Bitcoin Innovation Constrained by Capital? 
> 25:30 - Can There Be Too Much Capital in Bitcoin Companies?
> 29:22 - Down Rounds in VC Investing
> 33:34 - Benefits of Investing In Bitcoin Startups
> 38:14 - Web 2 Monopolies vs. Bitcoin Companies 
> 42:57 - Competitive Moats for Bitcoin Companies
> 47:26 - Investing in the Lightning Network
> 49:19 - Should Large Bitcoin Holders Fund Bitcoin Companies?
> 54:04 - Deciding Which Founders To Invest In
> 01:01:53 - New Lightning Payment Applications
> 01:04:39 - Lightning Adoption & Earning Bitcoin
> 01:11:08 - Bitcoin's Role in Web 3.0 
> 01:15:56 - What Areas of the Internet will Integrate Lightning?
> 01:19:25 - How Will Newcomers Interact with Lightning?
> 01:24:07 - The Lightning Round

> Alyse Killeen is the Founding Partner at Stillmark, a Bitcoin focused VC firm.
>
> Alyse and I spoke about her focus on investing in Bitcoin companies, the things Alyse looks for in founders and startup pitches, and the particular segments of Bitcoin and the Lightning Network she is most excited about in 2022.
>
> → Stillmark: https://www.stillmark.com/
