E180: Kast Founder: The Biggest Crypto Opportunity Of Our Lifetime Is Happening Right Now

Raags, founder of Kast, breaks down the massive crypto opportunity he bet his career on, why he scrapped Kast’s token for tokenized equity, and what really happens to your money if a crypto bank collapses.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS⚖️ Variational aggregates liquidity to offer industry-leading depth on crypto, equities, commodities, and more: https://www.variational.io/🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com🚀 Kalshi is a US regulated financial exchange that allows users to trade on the outcomes of real-world events : https://kalshi.com/category/crypto___________CONNECT WITH RAAGSTwitter: https://x.com/raagulanpathyLinkedIn: https://www.linkedin.com/in/raagulanpathy/Twitter: https://x.com/kastxyzWebsite: https://www.kast.xyz/FOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod  Instagram:  https://www.instagram.com/kevinfollonier_ Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Introduction1:58 How Raagulan Prioritizes What’s Done At Kast4:35 Kast Employees Deal With Major Chaos5:38 Raagulan’s Theory About Hiring For Kast7:02 Why Firing People Can Be More Difficult8:35 An Error That Could Kill Kast9:52 Convincing A Stable Coin Skeptic 12:06 Why Kast Has To Build Different Departments18:32 Partnerships: @Variational @BitwiseInvest19:24 Raagulan’s Thoughts On Fees21:55 Kast’s Best Customer Type23:53 Something Raagulan Shouldn’t Say Publicly29:04 Raagulan’s Experience With GLP-Ones34:05 Kast Is On Track For $100 Million In Revenue36:55 Why Kast Hasn’t Blown Up Due To Misspending41:04 Why Is Everyone Trying To Build Neo Banks42:52 What’s Difficult About Building Neo Banks49:14 Kast Isn’t A Card Business50:43 How Kast Is Building Momentum56:29 Partnerships: @KASTxyz @Trezor57:33 Kevin’s Thoughts On Kast58:59 What Does Kast Do With $80 Million1:01:55 Would Raagulan Consider Selling Equity1:08:39 Is Your Money Truly Yours When Inside Kast 1:10:49 What Happens To Your Money If Kast Fails1:17:38 Pros & Cons Between Non & Self Custodial1:22:42 Partnerships: @JupiterExchange @Ethena1:23:26 Should The Kast Community Feel Cheated1:34:13 What’s This Tokenized Stock Based On?1:35:25 The Hill Raagulan Is Willing To Die On1:37:59 Is The Worse Behind Us In Crypto1:42:57 One Thing To Remember From This Conversation1:45:16 Closing Thoughts