Investment Mandates

• Should we focus on particular categories?
  • DAO tooling, DeFi, infrastructure, blockchain
• Stay away from PFP and projects that do not provide intrinsic value to users.
• Do we focus on particular funding stages?
  • Pre-seed, seed, series A
• Investment horizons?
  • 2-4 year exit
• Minimum expected ROI / ROR?
• Project growth potential and EV?
• Maximum valuation multiples or risk return expectation?
• Financial requirements?
• Team experience?
  • Experienced teams or leads

Project Risks - Strict No’s

• Regulatory risk
  • Projects that have business models that could come under regulatory scrutiny (i.e. projects construed as securities, money laundering - Tornado Cash)
• Geography risk
  • Projects located in countries which may be blacklisted (i.e. any AML country)
• Anonymous teams