#938 Lindsay Drucker Mann On Pioneering Digital Securities

Lindsay Drucker Mann In this conversation, we discuss ======================= Since 2018 Copper has been at the forefront of institutional digital asset development. From award winning custody solutions, to creating the first truly off-exchange settlement function, Copper pioneers technology, products, and services, in lock-step with a rapidly changing world. No other infrastructure provider covers as many assets, across as many exchanges, with the speed and security that Copper can offer. To learn how Copper helps the world’s largest institutional investors secure their digital assets, head over to copper.co Copper - the unfair advantage. ======================= Compass Mining is the world's first online marketplace for bitcoin mining hardware and hosting. Compass was founded with the goal of making it easy for everyone to mine bitcoin. Visit http://compassmining.io to start mining bitcoin today! ======================= Bullish is a powerful new digital asset exchange built for institutions that delivers the innovations of DeFi in a regulated environment. The Bullish Hybrid Order Book pairs the high-performance of a traditional Central Limit Order Book with automated market making. Powered by deep Bullish Liquidity Pools, backed by the multi-billion dollar Bullish Treasury. So, you can trade with certainty and at scale across variable market conditions. Learn more at Bullish.com or follow @Bullish on Twitter. Because the future belongs to the bullish. *Not investment advice. Digital assets and cryptocurrencies are high risk products. Consult your professional advisor before dealing in them. Bullish’s services are available in select locations only and not to U. S persons. Visit https://bullish.com/legal for important information and risk warnings =======================

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:02Anthony Pompliano?

  What's up everyone, this is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp Podcast, simply the best podcast out there. Now let's kick this thing off. Lindsay Drucker-Man is the Global CFO at Oddity. In this conversation, we talk about unique token ideas, how they're incorporating this in the capital markets for their business, and what the strategic importance at the intersection of tokens and public markets will be for companies moving forward. I really enjoyed this conversation with Lindsay, and I hope that you enjoy it as well. Before we get into this episode though, I first want to talk about our sponsors. Today's episode is brought to you by Copper. Since 2018, Copper has been at the forefront of institutional digital asset development. From award-winning

• 0:46Anthony Pompliano?

  custody solutions to creating the first truly off-exchange settlement function, Copper pioneers technology, products, and services in lockstep with a rapidly changing world. No other infrastructure provider covers as many assets across as many exchanges with the speed and security that Copper can offer. To learn how Copper helps the world's largest institutional investors secure their digital assets, head over to copper.co. Again, Copper, the unfair advantage. Check them out at copper.co today. Next up is Compass Mining. Compass Mining is the world's largest marketplace for mining hardware and hosting. With Compass, everyone can mine Bitcoin. Their team makes it easy to start mining wherever you want, at home

• 1:29Anthony Pompliano?

  or in one of their 23 hosting facilities around the world. Through the Compass Marketplace, retail miners can access mining hardware with similar prices and purchase plans as the world's largest mining companies. Compass miners own their machines, they choose whatever mining pool they want, and they mine directly to their own wallets. Miners who don't want to host their machines can order ASICS directly to their doorstep. Simple and low-cost hosting agreements coupled with best-in-class customer service are the reasons why Compass is the simplest and most popular way to mine Bitcoin. Start mining your own Bitcoin today by visiting compassmining.io. Again, compassmining.io. Go check them out and let me know.

• 2:10Anthony Pompliano?

  Know what you think. This episode is brought to you by bullish. Bullish is a powerful new digital asset exchange built for institutions that delivers the innovations of DeFi in a regulated environment. The bullish hybrid order book pairs the high performance of a traditional central limit order book with the automated market making powered by deep bullish liquidity pools backed by the multi-billion dollar bullish treasury. So you can trade with certainty and at scale across variable market conditions. You can learn more at bullish.com or follow bullish on Twitter because the future belongs to the bullish. Now, this is not investment advice. Digital assets and cryptocurrencies are high risk products. Consult your professional advisor before dealing in them. Bullish's services are available in select locations only and not to US persons.

• 2:53Anthony Pompliano?

  Visit bullish.com/ legal for important information and risk warnings. Go check them out at bullish.com or follow at bullish on Twitter.

• 3:01Speaker 01

  Anthony Pompliano runs Pomp Investments. All views of him and the guests on his podcast are solely their opinions and do not reflect the opinions of Pomp Investments. You should not treat any opinion expressed by Pomp or his guests as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his personal opinion. This podcast is for informational purposes only.

• 3:24Anthony Pompliano?

  Lindsay, thanks so much for for joining us.

• 3:26Speaker 02

  Thanks for having me, guys.

• 3:28Anthony Pompliano?

  Absolutely. Let's maybe first start just with this idea of the intersection of crypto and capital markets. One of the the key pieces to that is the second people hear capital markets, they think regulation. And so when we think of that regulation, crypto historically has been maybe not so regulated or the rules haven't been as clear. Talk us through kind of how you think about from like the CFO seat, the regulatory environment and kind of what is clear, what's not clear right now.

• 3:57Speaker 02

  Yeah, no, it's a it's a really important question. And I think the dynamic we've seen in crypto, most of the investment and media attention has really been on a couple areas. Number one, you're decentralized and semi decentralized protocols and platforms. So that's kind of the spectrum of cryptocurrencies and DEXs and NFTs and DeFi. And then number two has been centralized infrastructure to support these decentralized protocols, right? So we can talk about Coinbase there. And all of these are really important. But there is a massive opportunity to unlock efficiencies and value if we bring this incredible innovation that has been developed into the crypto land into regulated centralized assets

• 4:42Speaker 02

  to put them on less centralized rails, less centralized pipes that are also consistent and aligned with regulator objectives. And the crypto world has been this amazing and vibrant testing ground to prove out a lot of these new innovations that we can make use of in conventional markets to make things like stocks work so much better, much more efficient, better for investors, better for the issuer. So like, let me give you an example of what this can look like. You start with an SEC-registered stock, all right? And instead of that ownership being run simply kind of book entry, now that stock is a digital smart line of code that can hold information and perform functions and be run throughout applications. So some of the use cases, like I'm a shareholder in Nike, I no longer need to hold that Nike

• 5:25Speaker 02

  stock in a big bank or brokerage to custody it. I can custody it. I can put in my MetaMask. The stock's on the blockchain, so we have the benefit of transparency. Nike knows how long I've been a shareholder for. Maybe they pay me a 10x dividend to reward me for my loyalty. Maybe I get a streaming dividend instead of one time a quarter to whoever happens to own the stock before the record date. I go to the Nike website to buy, you know, my new LeBron shoes for my son or for me, whatever. And I get 15 off because I plug my wallet into the website. Or instead of getting Nike loyalty points, I earn Nike equity. And then this part's really interesting. I can then take that stock and I can trade it on whatever platform gives me the best price on commissions. I can take a margin

• 6:10Speaker 02

  loan on that stock at whatever regulator-approved provider. I can lend that stock out for someone to sell short. And instead of having to pay that money to my custodian, I get to bring in competition and get the best opportunity. Something close to my heart, after an earnings release, right? Maybe I get access to the company's CFO. Through a token gated Discord. And I think the additional benefit here is like the surface area of ownership and activity expands away from these concentrated custodians. And so things like the amount of asymmetric information that today benefits institutions because they're in the trading flow and it's through, you know, a small group of intermediaries.

• 6:50Speaker 02

  That hurts individual investors, right? But when you expand that surface area, that risk, that goes down and also risks get distributed. So the network becomes more resilient. You start to diffuse some of these too big to fail challenges.

• 7:03Anthony Pompliano?

  All right. So I want to play a little bit of a game. I'm going to call it devil's advocate, which is I'm going to put on the hat of like all crypto is bullshit, right? Like, like, that's the head I'm going to put on for a second. And I want to kind of walk through a couple pieces of these and have you kind of educate everyone on why is certain pieces of the technology superior to the current way things are done? So I think first is when we think of kind of the underlying technology today, stocks are electronic Qsips, they're traded through these centralized entities. There's, you know, one to two day settlement times, et cetera. By moving it into this kind of digital security realm, the skeptic or the kind of devil's advocate would say, this is nonsense. Like the stock already trades, it already settles.

• 7:47Anthony Pompliano?

  What's the problem? Why do we need to put it on to a blockchain? What would your answer to that be?

• 7:52Speaker 02

  Well, look, there's like no brainer. There's no, I'm not going to talk about the no brainer stuff and let me talk about the more sophisticated like exponential power kind of stuff. So the no brainer stuff is efficiencies across the system, immediate settlement, right? Instead of T plus two or T plus three, things like, so for example, in our offering, you can have something like KYC encoded on the blockchain, right? So if you've already gone through KYC, if you've already gone through accreditation, it can live in the blockchain somewhere. And every time you want to invest in something else, you don't have to go through it again and again. It's actually in the system, you're removing a lot of the slow moving manual intermediaries. But let's talk about like the network effects that happen when you combine

• 8:35Speaker 02

  different closed loop economic systems that already exist. Okay. So for example, Consumer company for consumer companies, loyalty and reward companies or programs are one existing closed loop. Creators and influencers, you might pay them in cash, you might pay them in product, you might pay them in access to stuff. That's another closed loop. And then shareholders, it's three different kinds of closed loop economies for a consumer company. When you connect those together, you build like turbocharge the benefits of each of those individually, right? And so we talked about if I plug my wallet into a website and they know who I am, and that builds loyalty, the power that you have there, connecting the creator to shareholders.

• 9:18Speaker 02

  So today, equity compensation is totally normal in a company. Sometimes you'll have big influencers, heavy hitters get equity, like a Tom Brady with an Under Armour, for example. But your micro influencers don't get that opportunity because it's not scalable. With security tokens, it's totally scalable. We know that from Reddit and Robinhood today, and crypto, the power that investments have in creating these communities. So you're unifying all these ecosystems to drive all of that in a really powerful way.

• 9:49Anthony Pompliano?

  So when you start to think then about a business like Oddity, let's say, how big is this business?

• 9:54Speaker 02

  So the last raise that we did was for one and a half billion dollars to close earlier this year.

• 9:59Anthony Pompliano?

  One and a half billion?

• 10:01Speaker 02

  Yes.

• 10:01Anthony Pompliano?

  Okay. And when you start to think about that, are there numbers or metrics that you guys share publicly in terms of users or revenue or anything else for people to understand? Kind of like, where does that one and a half billion get you? Or like, what does it actually produce?

• 10:13Speaker 02

  I'll avoid any of the specifics on us for the purposes of this, but we're, suffice to say, we are the fastest growing, one of our brands, El Maquillage, is one of the fastest growing beauty brands in the country. We have a new brand, Spoiled Child, that launched, which is digital only. So our business is important.

• 10:31Anthony Pompliano?

  Okay. And then in terms of the way that you would describe it, is it fair to say it's like a holding company for these various beauty brands, like a conglomerate?

• 10:39Speaker 02

  We're a platform. We're a tech-driven platform. We have standalone individual brands that are powered by our in-house technology, right? So we've got in-house built AI, computer Data vision, data science, all of these power these individual brands. But our platform is 30 million plus users. There's a stat for you that we use. We take the data from all those users in order to drive our business through those technology products. And also amazing physical products, amazing makeup, amazing wellness products as well. That combination's been very strong for us.

• 11:11Anthony Pompliano?

  Got it. And so when you think about this, I'm assuming that this is, I'm going to use an example that I would understand. And I think the audience will understand as well. In some way, you almost take an approach of like a ghost kitchen, right? Where it's like, hey, we have a platform. We create these individual brands. On the ghost kitchen world, they're virtual. So there is no physical components to it, other than we have one kitchen. We pump out food and we put it in different bags and we deliver it. You all basically have kind of a centralized platform or offering here that's technology enabled. And you're able to kind of power brand after brand after brand. And I'm assuming that then you get smarter about here's what this audience wants. We can cross market. We can kind of really get almost compounding or effects from the success that you've seen in past brands.

• 11:55Speaker 02

  Yeah, 100%, 100%.

• 11:57Anthony Pompliano?

  Okay.

• 11:57Speaker 02

  And I think, yeah, go ahead.

• 11:59Anthony Pompliano?

  Well, I was gonna say, and then as you kind of look forward, obviously, capital is a huge piece of it. So you mentioned that you guys raised 1.5 billion. Talk a little bit just about like how you think about kind of making sure that the business always has enough capital, given that you're launching new brands, you've got to support the existing brands. Like what is kind of the capital strategy for a business like this?

• 12:19Speaker 02

  Yeah, so our last valuation was one and a half billion. We're profitable, so we haven't needed to go back to the market to raise tons of primary capital because our business has been profitable. I think for us, this is really a function of building this bridge to connect this vibrant world of digital securities into this massive opportunity of conventional markets, where there's so much inertia today because of regulation. And because, I mean, look, you were talking about entrepreneurialism and how powerful that is for the individual. It's also important for corporations and companies to not just take the simplest path forward, but to try to bridge.

• 13:00Speaker 02

  And and sort of chart new territory because the outcome of that in the event, we actually can be a company with it with the digital security going forward. Like, there's so many use cases for that that are really, really powerful and better than the existing options. I mean, I'll give you, like, if it's helpful, I can, we can talk about a couple of examples that I saw, you know, in my days as a, as a ECM banker. Where I was at Goldman Sachs, so I led the IPOs for our consumer companies, consumer tech companies. You know, first of all, like, the, the most companies spend a ton of time caring, who are my shareholders and trying to figure out how to incentivize long-term holders. And that's something you cannot do

• 13:40Speaker 02

  when you're waiting for, you know, a filing at the end of a quarter that's, that's 45 days late. I once worked on a really exciting ESG IPO. The founder wanted to incentivize sustainability funds to be his shareholders, and we were trying to think about ways we can do it in conventional markets. You can't today. And it's not that regulators would be bothered by that innovation. It's just that paper stocks don't let you do that. But when you have the benefit of being able to have that dialogue through your, to your investors, then you can actually do things like create, you know, we talked about sort of this this extra dividend for certain types of investors. Think about the implications for governance. Right? Like, instead of it being who has X stock at the end of a, of a specific period, it's maybe how long have you held it for?

• 14:26Speaker 02

  Right? So you're prorating governments. You can do things like we talked about streaming dividends. And so it gives you a lot more flexibility and visibility. You wouldn't have had that, you know, kind of gotcha moment that Twitter had, you know, oops, you got a new 10% shareholder. If you actually had visibility into who your investors were, and you currently don't have that today. But I also think for individual investors, like, the fact that I can take a stock and I'm not stuck in my JPM account, or I'm not stuck with my custodian, have to take their commissions, their marginal, I can take it out anywhere and use the benefit of competition innovation to get the best price and the most efficient execution is a game changer.

• 15:03Anthony Pompliano?

  And so when you start to think about kind of the way that the digital securities are structured, can they replace everything? In the capital markets, like, can they replace equity? Can they replace debt? Can they replace converts? Can they replace kind of all these different components?

• 15:17Speaker 02

  Didn't you say tokenization of everything, brother? I mean, that's, that's where we're going, right? Like, we, we're in a position where we should be massively opening our minds to how blockchain can have benefits. Like, listen, I love crypto. I love the ideas of this, you know, uncorruptible bank for 6 billion people in Bitcoin. Like, you know, Sailor talks about, like, this stuff is really powerful. That said, like, we have a tremendous amount of benefit that can actually be applied towards markets that we know regulators are already comfortable with. And so whether it's stocks, whether it's bonds, you see some of the innovation happening, for example, at Apollo. Whether it's commodities, there's a lot of use cases that we're just scratching the surface on.

• 16:02Speaker 02

  And I think that it takes individual companies and banks and innovators within the financial system to push this forward in order for it to happen.

• 16:10Anthony Pompliano?

  Joe, John, what, what questions you guys got?

• 16:12Speaker 03

  Hey, Lindsay, my question would just be about how this worked internally, right? When it comes to the security token, I'm assuming that this wasn't consensus and there was some kind of, whether it's convincing people to do it or whatnot. But just talk me through kind of the challenges that you guys faced internally, talking through this and what some of the problems might be.

• 16:29Speaker 02

  Yeah, well, look, I'm fortunate, I had an amazing career that I loved at Goldman Sachs, but I was really excited to move to a company with a singular mandate to disrupt and improve through technology and entrepreneurial vision. And so when we started talking about this idea initially internally, it was this kind of breakthrough of, wow, this is, this bridge that we're building between crypto and conventional assets is like, is, is, could be totally game changing. And so let's go ahead and do this. I think the added benefit for us in this offering is that we get to democratize access to individual investors, right? So the, the structure of our security is a fixed discount convertible, very typical to what you might see in a late-stage VC financing.

• 17:14Speaker 02

  Maybe, maybe you guys have had the chance to see some of those, but they're typically marketed only to a narrow group of institutional. Investors, your everyday person, your credit investor doesn't get the chance to get a look at those. We wanted an offering that would democratize that access broadly. And so, you know, those two benefits together, we thought, you know, let's go ahead and run with it. And then it was a question of figuring it out, right? Because there's, in an entrepreneurial journey, there's a million places you can get stopped and stuck, and it feels hard, and you could turn back, and why bother? But we had a tremendous amount of motivation internally and help from some great advisors to go ahead and make it happen.

• 17:51Anthony Pompliano?

  John, what do you got?

• 17:51Speaker 03

  Lindsay, what is like the public sentiment about these tokens? Obviously, with what happened in 2017, and frankly, a bunch of them just being busts or frauds. Like, what is the public sentiment now?

• 18:01Speaker 02

  Yeah, look, I think investors want to have transparency and visibility, right? That they understand what they're putting their money to work in. And after that, you give them sufficient information, let them go ahead and make the investment, right? We don't need somebody babysitting individuals to tell them how to put their money to work, especially when you've seen what's happened with the top market cap stocks in the S and P 500 today, right? Like, there's risk everywhere in the market. I think that what we're talking about here, a security token that is done on Reg D and Reg S in accordance with regulator guidelines, is, checks the box in terms of, do I have the right information? Have the regulators said this is okay? And now that they've said it's okay, this is a breakthrough, as far as I'm concerned,

• 18:45Speaker 02

  in access to new and interesting risk opportunities for individual investors. And the more we have of those, the better.

• 18:52Speaker 03

  So giving them the information, letting them make the decision themselves?

• 18:55Speaker 02

  Yeah, absolutely.

• 18:57Anthony Pompliano?

  Lindsay, describe a little bit this idea of kind of the fixed discount and how these deals normally come together. Like, how do they, exactly do they work from a mechanism standpoint?

• 19:04Speaker 02

  Yeah, so fixed discount convertible means you're not setting valuation today. You're setting valuation someday in the future in the event that an IPO happens. And so hypothetically, if you bought $8,000 worth of token, you would get $10,000 worth of stock at the IPO price in your account, right? So that's your 20% discount off of the convertible from the stock price.

• 19:28Anthony Pompliano?

  Got it. And so historically, in the stock market, people will do this as they know they're kind of coming up to IPOs. They'll go ahead and do all sorts of structures where they say, hey, we don't know if we're going to go out at, you know, 10 billion, 15 or 20 billion. But what we do know is that if you give us the capital today, we'll bake in some return for you. But it's going to be kind of anchored. Off of what that future price ends up being?

• 19:50Speaker 02

  Yeah, and to be clear, we don't have any specific IPO plans. Like, we've got nothing announced and there's no commitment here to IPO. But the structure itself is something that is common in later-stage VC. And you're getting this embedded discount to compensate you, that return to compensate you for the illiquidity in the interim. But you're also saying, look, if an IPO happens, I believe the market sets the right price. Right? You're trusting in the free-market mechanism to appropriately price the stock.

• 20:23Speaker 02

  And you're embedding a discount relative to that.

• 20:25Anthony Pompliano?

  Got it. The last thing I want to kind of talk about is you guys are on the forefront of this. You obviously took a ton of time, went and underwrote, hey, here's the benefits. Here's the risk that we're going to take. What were the risks that you guys identified as to, you know, kind of being one of the first or to pioneer some of this stuff? Like, what do you see as things that you've got to just mitigate to make sure that it ends up being a positive for the business?

• 20:48Speaker 02

  Yeah, I mean, look, we took painstaking time to make sure that this is something the regulators would not just be okay with, but be, you know, we think they'll be happy about instead of all this pressure of, hey, don't tell me this is a security or not a security. Let's talk about things that are securities and how we can innovate. Because I don't think anybody from a regulatory standpoint hasn't said, this innovation in financial assets is really interesting. So let's bring some use cases that regulators can actually get comfortable with. And so that was the biggest, you know, time for us was to make sure we got it right. You're connecting new plumbing that's never been connected before. We have a great partner with Securitize, which is one of the only SEC-registered transfer agents out there to help us do this.

• 21:33Speaker 02

  We're trying to figure out the right way to do. More information on oddity.com/token if you want. Want to learn more about the offering.

• 21:41Anthony Pompliano?

  Awesome. Are you having fun? Are you enjoying this? Like I

• 21:43Speaker 02

  I'm having so much fun.

• 21:45Anthony Pompliano?

  As somebody who comes from the background that you have, the experience that you have and sitting in kind of this global CFO seat. This is like the Super Bowl, right? It's like capital markets, regulation, kind of the, the business. It, it just feels like this is literally what would be the most fun thing to work on.

• 22:00Speaker 02

  It's amazing. I mean, I, I, you're right. It's like all the things that I, I've been obsessed with markets since I'm almost 20 year career on Wall Street. And I, I love markets. That's what drives me every single day. And I'm obsessed with the innovations in blockchain and crypto. I mean, it's like been years of just deep, deep in a rabbit hole and figuring out how you can actually link, link these things together and do them. And manifest is, is, is really exciting. Not to mention like I work at an amazing place with brilliant people, super vibrant. Everybody's hungry and trying to, you know, grow and disrupt and drive technology. And so it's, it's been incredible. I'm glad it shows through.

• 22:38Anthony Pompliano?

  Of course. And then I guess last thing is when you start to think about these technologies. Obviously at this intersection of capital markets makes a ton of sense and you guys are pining there. Are there other things that you all have on the roadmap that you could do or are thinking about in terms of? Do you end up doing this for products? Do you end up doing it for other parts of the business? Like, how, how are you thinking about like what's after kind of the capital markets intersection?

• 23:04Speaker 02

  Yeah, look, I, I hope that, I mean, what's after like, you know, you think about kind of, you know, why we're doing this to begin with. We talked about why we wanted to democratize access. We talked about how we believe this is the future. We're a technology powered company. Our mandate is to disrupt for the benefit of consumers. And that covers everything, including our capital and corporate financing engines. But like, just as a CFO, right? Every CFO needs to care about these key corporate finance asset classes. Cash, commodities, currency rates and crypto. And so like, you know, there's tons for us to do from here as it relates to integrating the technology.

• 23:45Speaker 02

  And the security structure and like the investor dynamic into our business going forward. I mean, this is really just. The beginning of what we hope we can accomplish.

• 23:54Anthony Pompliano?

  That that makes sense. One of our sponsors is Eight Sleep. And as you're doing all of this, I got to imagine that it's stressful and you're spending a lot of time on it. What's your sleep schedule? Do you have like eight hours or oh, that that reaction tells me not good?

• 24:09Speaker 02

  So so I, you know, I I COVID earlier this year, and then I've like just put on about 10 pounds since then. I didn't get the form of COVID where you stop eating. I was hoping for that. But I didn't get that. And so I literally just signed up for a new nutritionist. It was like your your sleep schedule is terrible. Like, you got to try it again, at least six and a half or seven hours.

• 24:28Anthony Pompliano?

  Eight, eight, six and a half.

• 24:31Speaker 02

  I don't even know how I'm gonna get there. So yeah.

• 24:32Anthony Pompliano?

  You gotta shoot high so that you. Yeah, you gotta shoot high for eight hours. The the the other thing that I always tell folks is that when it comes to sleep, one, you gotta make a priority, all the stuff that most people know. But the second thing is, it becomes addictive. Because all of a sudden, you got more energy. And then when you get more energy.

• 24:51Speaker 02

  You get eight hours?

• 24:52Anthony Pompliano?

  Oh, I'm like religious about it now. I used to not. I used to get like, five and a half, six. And then I started to take it more seriously. And it just happened that the pandemic and me taking sleep more seriously simultaneously occurred in the same year. And so once I started to sleep eight, I was like, this game changer. So now.

• 25:12Speaker 02

  Eight hours with with no alcohol. It's I'm even more impressed than I was before.

• 25:16Anthony Pompliano?

  It's no, no, no brainer. It's a, it's a thing. I'm telling you, if you start doing it, it becomes addictive. Once it's addictive, then you you build good habits, not bad habits. I feel I feel like I should have, I should have like mattresses to then hand people after my little soapbox speech. Awesome. Where can we send people to find you on the internet or find more about Oddity or any of the brands?

• 25:39Speaker 02

  Yeah, oddity.com, oddity.com slash token. You can find me on LinkedIn. There's only one Lindsay Drucker man, as far as I know. You'll find you'll find LDM at oddity.com, lots of places.

• 25:51Anthony Pompliano?

  Awesome. Thank you so much for for coming on.

• 25:53Speaker 02

  Thanks, guys.

• 25:54Anthony Pompliano?

  And we're super excited to see how this plays out. Thanks, everybody. Bye. Thanks so much for listening to today's episode. I really hope you guys enjoyed this one. Make sure you subscribe on Apple, Spotify, or your favorite podcast player. And if you're looking to try to transition to get a new job in the Bitcoin or crypto industry, we've got you covered. Head over to pompscryptocourse.com. We've developed a curriculum with the top teams across the industry. It's a three-week intensive training program with over 50 events packed into that three-week time period. Go to pompscryptocourse.com to learn more, and I'll meet you guys for the next episode.