I’m excited to announce Dove Mountain Partners, a growth agency focused on helping crypto projects launch tokens and grow networks. We’re already working with some of the top early-stage teams in the space on liquidity provisioning, content marketing, business development, and community growth. We have a long-term focus and aim to build multi-year partnerships by earning stakes in networks.
“Dove Mountain has already had a big impact on Aztec’s public profile — they’ve brought a fresh injection of community-building and marketing strategies, along with excellent content and research…This has been far more effective than hiring for the strategy and marketing…
xToken is excited to share some more details on the XTK Launch Challenge, which we previewed last week. There has been a lot going on in the xToken community. XTK, xToken’s native token, hit mainnet. We also kicked off the XTK Community Vesting program, which will ultimately distribute a meaningful share of the network to the xToken community.
The challenge is designed to drive awareness of xToken products, onboard more members into the xToken community, and educate potential xToken users.
Free Company is a syndicate of experienced crypto operators deploying capital into early stage companies. We’ve been quietly investing since last summer and have become one of the most active early stage funds in the industry with early checks into more than twenty companies including Audius, Dune Analytics, and Notional.
Operators and entrepreneurs have become an increasingly large part of the venture capital market. While entrepreneurs have historically turned to investing after storied careers and large exits, that timeline has become compressed — and in many cases now overlaps. …
We’re incredibly excited that xToken’s native token XTK is finally live (read more here). The XTK distribution model was designed to make sure that our community has shared upside in the network. That’s why we set aside 50% of the supply for the community, including 2% distributed to early xToken users retroactively and 8% of supply to people providing liquidity during the initial period.
As we decentralize the project, we know that XTK will prosper or perish based on community engagement. xToken wants to reward its community for all of the work it has contributed — and will continue to…
In September 2018, I published an overview of the crypto investor landscape and a live database of all funds actively investing in the space. I started digging into the topic because I consistently heard from entrepreneurs how challenging it was to navigate fundraising. Crypto investing was a rapidly changing world of SAFT’s, side pockets, and SPV’s into mining operations and it was far from clear which investors were reputable or what terms were reasonable.
On Tuesday Atomic Loans made an exciting announcement — their protocol for Bitcoin-backed loans is live and they’ve raised a $2.45M seed round led by Initialized. I’ve been using the beta product for the past few months and am super stoked to finally see them launch.
This morning InstaDApp announced that they raised a $2.4M seed round led by Pantera. I’m really excited to have played a small part of the round.
I first chatted with Sowmay and Samyak in March — in the six months since that conversation, they have been on an absolute tear, going from <$1M to $30M+ locked in their smart contracts. I’m still blown away that they accomplished this with close to zero outside funding.
Many breakout Web 2.0 consumer fintech companies created huge value by abstracting away complexity:
Since the beginning of 2015, investors have deployed billions of dollars into crypto tokens that power open-source networks. These include both tokens that power decentralized application and smart-contract platforms (eg EOS, Ethereum) and ones that power protocols built on top of these blockchains (eg 0x, Maker). These tokens are designed to align incentives among network participants and (in theory) should increase in value as network usage grows.
A common refrain that illustrates how these token models follows as such:
I had taken notes during the three days I just spent at ETH Denver and decided to compile them into something a bit more organized. It was a great event — all of the hackers I talked to said it was the best run hackathon they had ever attended. My thoughts are below — I’ve attempted to avoid any overdone memes (eg ‘2019 is the year of buidling’) and focus on takeaways from panels and conversations.
Despite lousy macro crypto markets, VC investment continues to flow into crypto markets, especially at the seed stage. Indeed, in the past few weeks alone companies like Risk Labs and Argent Labs have announced large seed rounds led by top tier VC funds. While these announcements tend to be well covered in the press and on Twitter, one thing that’s struck me is how rarely founders go into detail on how they successfully fundraised.
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