Investment Philosophy
Our Thesis
We invest in technical founders building the computational and decentralized infrastructure of the future economy. Our conviction is built on deep technical expertise, pattern recognition across crypto cycles, and a commitment to backing category-defining projects.
Building open, computational infrastructure
The Decentralized Future
We believe the future of global finance and computation will be decentralized, transparent, and built on open protocols.
The transition from centralized intermediaries to open, permissionless systems represents the most significant shift in economic infrastructure since the internet. We invest in teams building the foundational protocols, infrastructure layers, and applications that will power this decentralized economy.
The picks and shovels of Web3
Infrastructure First
Our investment philosophy prioritizes infrastructure over applications—the foundational layers that enable the entire ecosystem.
We focus on blockchain protocols, developer tooling, data availability layers, interoperability solutions, and computational infrastructure. These are the critical building blocks that thousands of applications will be built upon, creating lasting value and defensible network effects.
Breakthrough technology, not incremental improvements
Technical Depth and Innovation
We seek category-defining projects with genuine technical innovation and strong fundamentals.
Our portfolio companies are pushing the boundaries of cryptography, consensus mechanisms, zero-knowledge proofs, decentralized compute, and verifiable systems. We prioritize teams with deep technical expertise who are solving hard problems that matter, not chasing trends.
The convergence of two transformative technologies
AI Meets Blockchain
We're particularly excited about the intersection of artificial intelligence and blockchain infrastructure.
Decentralized AI networks, verifiable inference, on-chain model training, and AI-powered protocols represent massive opportunities. These technologies solve fundamental challenges around data ownership, model transparency, and democratized access to compute resources.
More than just capital
Global Network and Support
We provide comprehensive support across operations, growth, technical architecture, and strategic connections.
Our portfolio companies benefit from advisory on legal structures, tokenomics, fundraising, and talent acquisition. We facilitate introductions to strategic partners, exchanges, infrastructure providers, and other portfolio companies. We're deeply embedded in the ecosystem and leverage our network to accelerate portfolio success.
Patient capital for fundamental growth
Long-Term Value Creation
We take a long-term approach, focusing on sustainable growth and fundamental value creation rather than short-term speculation.
We support our portfolio companies through multiple cycles, helping them build resilient businesses with strong unit economics. We evaluate opportunities based on technical merit, team quality, market opportunity, and the potential to become essential infrastructure for the decentralized economy.
Ready to Build the Future?
We partner with exceptional founders at the intersection of deep technology and market opportunity.