Investment Principles
Four pillars that guide our allocation toward enterprises building moral market infrastructure
Causality
Proof of Work
Revenue must follow verified use, not speculation. We invest where effort and outcome are measurably linked.
Legibility
Transparent
Records as evidence, open to audit
Granularity
Precise
Markets resolve to the smallest act
Stability
Predictable Law
Rules must not shift faster than capital can adapt. We seek frameworks that enable long-term planning.
Moral Architecture
Civilization Infrastructure
We back firms that extend honest trade into the digital domain—where data, services, and rights can be priced and settled directly between peers.
Portfolio Focus
We invest in firms building the moral infrastructure of a modern market society
Micropayments
Frictionless reciprocity for digital life
- Payment infrastructure at scale
- Sub-cent transaction capability
- Real-time settlement systems
- Cross-border efficiency
- API-first architecture
Data Markets
Where provenance and truth have price
- Verifiable data provenance
- Privacy-preserving computation
- Transparent pricing mechanisms
- Quality assurance protocols
- Marketplace infrastructure
- Audit trail systems
- Rights management
Digital Property
Transparent and transferable ownership
- Property registry systems
- Smart contract platforms
- Identity frameworks
- Ownership verification
- Transfer mechanisms
- Legal compliance tools
- Dispute resolution
- Interoperability standards
Building the conditions under which just markets emerge
Have a company in this space? Apply for funding
Investment Philosophy
Understanding our approach to building civilization's infrastructure through productive capital
We invest in the moral architecture of market society. Capital is not neutral—it either reinforces deceit or rewards truth. We allocate to enterprises that bind freedom to responsibility through verifiable exchange, building infrastructure where value, law, and information are aligned.
We back firms that extend the reach of honest trade into the digital domain. This includes micropayment systems, data markets with verifiable provenance, contract automation, digital property registries, identity frameworks that fuse privacy with accountability, and marketplaces where trust is proven, not promised.
We test every opportunity by four principles: Causality (revenue follows verified use), Legibility (records stand as evidence), Granularity (prices reveal detail down to the smallest act), and Stability (rules don't shift faster than capital can adapt). We seek demonstrated causality between effort and outcome.
We invest across stages, from seed to growth, in companies building foundational infrastructure for transparent, accountable digital commerce. What matters most is not the stage, but whether the founders view enterprise as civic labor and measure progress in trust per byte.
Government's role is referee, not participant. It secures the perimeter: defines property, enforces contract, adjudicates fraud. It does not dictate prices or outcomes. High-resolution information markets require this restraint—only within a predictable legal boundary can entrepreneurs test ideas, fail safely, and reveal genuine value.
Productive capital creates order through honest accounting and verifiable work. We reject passive capital and sentiment-driven allocation. Investment is moral participation—our duty is to allocate toward those who create order through productive work. Profit is evidence that the world was improved at a price others willingly paid.
We don't chase tokens, narratives, or speculation. We chase proof—demonstrated causality between effort and outcome. We invest not to predict the future, but to build the conditions under which just markets emerge. We finance the infrastructure that makes society transparent enough to govern itself.
Founders building moral market infrastructure can apply through our website. We look for those who understand that prosperity is earned transaction by transaction, who view their work as extending the rule of law into code, and who are committed to building systems where production and responsibility are one.