HodlFM Podcast #2: Wall Street to Web3 with Michael Sitalo

03/06/2025 38 min
HodlFM Podcast #2: Wall Street to Web3 with Michael Sitalo

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Episode Synopsis

Welcome to the HodlFM Podcast!In this episode, we sit down with Michael Sitalo, a Web3 founder, former TradFi portfolio manager, and fractional CFO, to explore how the crypto world is changing traditional finance.Michael shares his journey from being a portfolio manager at a $2B fund to building crypto startups in New York. We talk about the evolution of institutional adoption, the future of crypto funds, what actually happened with FTX, and why Web3 founders urgently need to get their finances in order.Michael Sitalo:https://www.linkedin.com/in/michael-sitalo/https://x.com/sitalomcapSubscribe to our channel for more alpha and exclusive interviews from the crypto industry leaders.00:00 – Intro00:07 – Michael’s background: From academia to TradFi portfolio management01:10 – Managing a portfolio at a $2B fund02:15 – From TradFi to crypto: Launching a crypto fund03:30 – Life in New York & building Starbridge Fund04:40 – Fractional CFO: Helping Web3 founders with finance06:00 – Are Wall Street guys still skeptical of crypto?08:00 – Institutional adoption & why Wall Street is shifting09:45 – Crypto vs TradFi infrastructure11:00 – What is a fractional CFO and why Web3 startups need one12:20 – Financial mistakes most Web3 startups make14:00 – Why FTX failed: A problem of legality, not accounting15:45 – How Wall Street actually works (explained simply)18:00 – Fortress model in crypto: Risk management + multi-team structure20:50 – Why people are leaving Wall Street for Web323:00 – What makes crypto appealing to TradFi pros24:40 – Funding your crypto project: What attracts investors27:00 – The red flags for investors & why most pitches fail30:00 – Organic growth vs raising VC money32:30 – What kind of founders raise capital34:00 – How not to sound like a scam when pitching36:45 – Final advice: Web3 founders must get their books rightNEWS WEBSITE → https://hodlfm.com/ Follow us on Social Media: TWITTER → https://x.com/Hodl_fm  INSTAGRAM → https://www.instagram.com/hodl_fm/TELEGRAM → https://t.me/hodl_fm#HodlFM #Web3 #Crypto #Chainers #Blockchain #Ethereum #Solana #memes #fartcoin #memecrypto #ethereumtrading #trading #cryptocurrencytrading #cryptonews #Crypto #Blockchain #Web3 #CryptoPodcast #DeFi #NFT #Cryptocurrency #CryptoNews #Bitcoin #Ethereum #Altcoins #CryptoCommunity #CryptoTalk #CryptoInsights #CryptoTrends #CryptoInnovation #Podcast #Interview #CryptoPodcast #BlockchainPodcast #HodlFM #CryptoLeaders #IndustryExperts #CryptoTalk #Chainers #CMO #ExclusiveInterviewNews → https://hodlfm.com/ Follow us on Social Media:Twitter → https://x.com/Hodl_fmTelegram → https://t.me/hodl_fmInstagram → https://www.instagram.com/hodl_fm/

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