Inside our due-diligence process: how a deal earns an allocation

Roughly thirty raises over two and a half years have taught us that deal selection is a filtering problem. Most opportunities fail our screen long before members see them. What survives is a pipeline: sourcing through operator networks, a structured diligence pass on team, token design and unlock schedule, then term negotiation — the stage where protected terms are won or lost.

We publish our misses alongside our wins. MetaXseed and KIP underperformed; CARV was refunded under a negotiated clause; a TGE staking issue on Minutes Network was fixed and members were made whole. An honest record is the only kind worth compounding.

AI now assists the top of this funnel — screening more projects than a human team can read — but every allocation decision remains human. Research tooling is described on our AI page; none of it constitutes investment advice.