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Notes from the studio.

Playbooks and theses from a decade of building and backing companies. Written when there’s something worth saying.

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Coming next

On the desk.

PlaybookComing soon

Healthy token economies are thriving communities

What a decade of token launches taught us about distribution, incentives and communities that outlast a cycle.

ModelComing soon

Why the studio pairs capital with operators

The case for a hybrid relationship, and where it goes wrong when incentives aren’t written down.

ThesisComing soon

What we look for in a pre-seed founder

The signals that matter when there’s no data yet, and the ones that don’t.

Work with the studio

Building something worth growing?

Tell us what you’re building and what you need. We read every application, and every founder gets an answer.