1. Principles
With the motto of ‘heads win a lot, tails don’t lose that much’. We would like to apply some learnings taken from both top Silicon Valley VCs and value investing.
We aim to find ‘top’ projects that evolve the blockchain industry following these principles:
- Few bets, big bets, infrequent bets.
- Buy the rumours early, sell the news later.
- Discipline, do not get carried away by hypes, herd mentality or FOMO.
- Accept a loss on ~half or more of your investments.
- Diversified set of projects, different blockchain innovations.
2. Check Box
These are the questions we ask ourselves before investing in a crypto-project:
- Is the business focused on one big problem and doing it right?
- Has a durable competitive advantage key to blockchain?
- Non-consensus but highly scalable if proven right?
- Big addressable market and good timing (understand dependencies)?
- Team with domain expertise and balanced tech skills?
- Team transmits velocity, accountability, trust and focus?
- Interesting unit economics and incentive schemes (game theories)?
- Network effects built in and is it product led growth?
- Are there high quality co-investors that validate the thesis?
