Theo
2.8K posts
@theobcvc
Investor at Bloccelerate. Posts are opinion only and never investment advice. Prev: MIT Sloan, Wayfair, EY, OSU
We are excited to announce our 2025 fundraise! Backed by these pioneering crypto vc firms and an incredible set of angels! We aim to be the leading trading platform for DeFi, enabling anyone to trade any asset onchain. Venture Funds: @MarshlandGroup @Taisu_Ventures @bloccelerate @alpen @gd1_vc @mhventures @Alchemy @LegendsG_xyz Angels: @waikit @vanishree_rao @grugcapital @kyleArojas @flavian_alchemy @sergey_nog @galacticminter
On Khamenei: We don’t list markets directly tied to death. When there are markets where potential outcomes involve death, we design the rules to prevent people from profiting from death. That is what we did here. I know some of you disagree and prefer that we list these markets without a death carveout because it keeps the rules simple and because many traditional markets, like oil futures, can be proxy markets for war and death. But we believe that’s different than having a market directly settling on someone’s death, which is not allowed for US regulated entities. What’s the point of the market, then? A market on Ali Khamenei out as Supreme Leader was important because leadership changes in Iran have major impact on the world order: • geopolitical implications • economic consequences • national security considerations • oil and commodity prices, many of which move based on news and expectations around this outcome And it’s always possible for a ruler to step down or transition power without death, even in autocracies. It just happened in Venezuela. In these instances, we make the caveat clear in the rules and in the market page, but today is a good learning that we can do more in terms of improving the UX and adding more ways to surface the rules. We are committed to improving. In the meantime, here’s what we’re going to do: • We are reimbursing all fees from this market • If you have a position from before Khamenei died, you will be paid out on the last-traded price before his death. (This was clear in our rules) • If you have a position from after he died, we’re going to fully reimburse your cost of entry
In the next 16-24 months, millions of workers in software, finance, operations, and beyond are going to face a real question: what do I do now? The answer, for a surprising number of them, will be: I start something. Here's why that matters for capital formation. 🧵
Very thrilled to finally announce our investment into @sanctumso. I first met @soleconomist on a call. It was scheduled for a 45-minute intro call but we ended up talking for 2+ hours. This is the thing you know will happen when you meet good founders, and back then I was pretty sure I was talking to one. Later, we hung out in Taiwan. We talked about his childhood, the things he’s chasing now, and his frustration with so many bad actors and short-term mindsets plaguing our industry. He told me he really wants to prove to the industry that “good men can win la” (FP is Singaporean). Immediately I was onboard, and so was the rest of the AppWorks team. In crypto, you meet smart founders constantly, but in rare cases you meet founders that are not only smart, but at the same time also come with good intentions and drives, and their products are also great with massive fundamentals (the annualized revenue for Sanctum in Q4 just hit US$ 6.8M with >200% YoY growth!). And when you meet one, you know you gotta pull the trigger to join their mission. --- The industry is at its darkest hour. Liquidity has dried up, projects are rugging, and many have thrown in the towel. But this is where the real builders shine. If you’re a fund looking for truly great founders, @soleconomist’s DM is open. And if you’re a founder aligned with this kind of long-term mission, we are still deploying, reach out to us at @AppWorks.
State of DePIN 2025 🧵
