1/ Today we're officially unveiling Credibly Neutral, a $5.5m builder-led early stage venture fund investing $50-250k in protocols, infrastructure, and crypto SaaS solutions. It is co-founded by @lisacuesta and @ViktorBunin, and we're thrilled to tell you about it:
2/ First off, what is a builder-led fund? Simple - Lisa and Viktor are builders first, investors second. Lisa is COO at @AztecNetwork and Viktor leads the Protocol Operations team at @CoinbaseCloud. We're not giving up our day jobs and have no aspirations to be full-time VCs.
19/ Weโve made six investments to date, including @Hyperlane_xyz, @SkipProtocol, @monad_xyz, @townsapp, @blockaid_, and one team in stealth. Although being in a bear sucks, it is an important time to invest, and weโre grateful for the opportunity to back the next wave of founders
5/ This foundation must be built with the right principles: sound economic policy, sustainable business models, censorship resistance, decentralization, credible neutrality, rough consensus, privacy, trust minimization, and immutability.
13/ Beyond protocols, we invest into all the infrastructure needed to onboard users and businesses to crypto, including developer tools like APIs and SDKs, security software that reduces user risk, analytics tools, fiat rails and more.
Our most highly valued investment was also the result of a cold inbound Twitter DM :). Reach out to us at @ViktorBunin or @lisacuesta if you're raising!
8/ Our thesis is simple - credible neutrality is a tactical, practical, and actionable competitive advantage for protocols, infrastructure, and crypto SaaS companies.
15/ First, our investment is more than a check โ itโs a deep commitment to developing a meaningful relationship with founders and their teams. With that comes a level of open and honest feedback that founders wonโt typically get elsewhere. We are kind, but direct.
4/ Our personal mission, and that of Credibly Neutral, is to help create the most powerful foundation for the crypto ecosystem, and in turn, the global economy.