Sublime

A “40%” allocation within this construct can include investment expressions like AI or culture assets, poker/sports gambling income, biotech IP: these assets transform energy-intensive labor into income without leverage, and high payouts.

The best example of this alternative product is Indie.VC, run by Bryce Roberts. Over the course of 6 years, Indie invested in 40 companies. It held the two key components of limited fund size and gave equity optionality through redemption clauses or equity buybacks. The results are encouraging, with a 51% IRR and 4.3x TVPI, while 87% of the compani... See more

Anish Agnihotri built PartyBid, for example, while a student at the University of Waterloo, and has more demand for his talents than any degree could bring him (he’s now an associate at crypto VC, Paradigm)

Throughout the 70s, they were able to make a series of investments that went particularly well (Gillet, Washington Post…).

We want to use more compute per person than any other fund.