We are excited to announce that we have led a $7.5M Seed financing in Taproot Wizards – a company leading the Ordinals movement, with long-term ambitions to do much more.
Bitcoin, once an intellectual center of gravity teeming with builders and ideas, has declined into a pseudo-religious lethargy. But Ordinals – an "accidental" consequence of Taproot – has awakened a tech-forward renaissance in Bitcoin. 15 years into its life, Bitcoin is a frontier once again.
Investors are in the business of saying “no” much more often than they say “yes,” but we have observed some ways that founders can better articulate that future. A great concept will be hindered by a poor presentation. Here are seven examples we’ve commonly encountered.
We've experienced several crypto cycles. Despite the ups and downs, we're confidently optimistic about crypto due to a deep historical grounding and a long-term investing philosophy. We wanted to share excerpts from our LP letters to provide a window into our thinking in both bulls and bears.