value prop

What we do

We partner with early-stage founders solving trust-based pain points leveraging blockchain technology. We apply a network based approach, working closely with industry experts across sectors to understand challenges they are facing and identifying where blockchain technology can uniquely solve those challenges. Our thematic focus informs our role as advisors, helping founders connect with industry experts and reach product market fit while serving as a bridge between web3 and adoption.

What we believe

The internet enabled a new communication rail, which:

value prop
value prop

But communication wasn't enough - in order to transact, we still required a trusted intermediary. These intermediaries not only facilitated transactions but collected a toll for their services. This gave rise to some of the most compelling companies of the last 20 years. Now, as their influence has grown, these intermediaries are able to extract more in taxes than ever before. We call this The Trust Tax.

Could there be a better way?

We believe blockchain's unique value prop comes from its innovation as a trust rail. Similar to the communication rail, successful blockchain-based businesses will:

value prop
value prop

We seek to identify and support companies building solutions to the most compelling trust-based challenges of our time. We do this through close collaboration with industry experts and organizations looking to leverage this trust rail to drive more value to their businesses.

Portfolio

Writing

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Beyond the Casino

A framework for the problems crypto can solve

Azhar Hussain, Sunny Parikh

By this point, the word “crypto” comes with many connotations – and most are not positive. An impartial observer watching its spectacular rise and fall would be hard-pressed to answer what blockchain does to improve their or others' lives. Sure, a few breakthrough use cases have appeared around stablecoin payments and speculative games - however, the average consumer is still skeptical post-FTX/Luna/Three Arrows and amidst ongoing SEC investigations. When asking ourselves what went wrong, it’s hard to ignore the casino…