Insights
Research, in the open
Education from the diligence desk. If it reads like a sales page, we've failed — tell us.
2026-07-06 · 6 min read
What 'protected terms' actually mean in crypto private rounds
Vesting cliffs, refund clauses, and legally enforceable SAFTs — how negotiated protections change the risk profile of early-stage token deals.
2026-07-06 · 5 min read
How token vesting protects early investors — and when it doesn't
Vesting aligns teams and investors, but poorly designed unlock schedules can trap early backers. What to check before you contribute.
2026-07-06 · 7 min read
Inside our due-diligence process: how a deal earns an allocation
Sourcing, screening, term negotiation and the honest-miss file — the pipeline behind 30+ raises and $50M+ deployed.