
ResearchFeb 2026 · 22 min
Infrastructure at the edge of adoption
By Tom Schmidt↗
Everything we publish is written by the partners doing the investing — no ghostwriters, no marketing team, no PR-approved bullshit.
01 — 14 min readLong-form pieces on the mechanical shifts we believe compound over the next decade.
Data-heavy examinations of specific markets, protocols, and technical primitives.
Long conversations with the founders in our portfolio and beyond.
Comprehensive reports on compensation, airdrops, developer activity, and more.
One email per week. No promotions, no fund marketing. Just the essays and a short note from the partner who wrote them.