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there’s the greater how i’m known which is polychain GP; which is fine.
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he’s not doing much on polychain — but been there for 8 years, earlier on, most of it was leading investments, there was a time when he was partner in name but doing things outside of polychain
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now doing hybrid; not fulltime investments but might do 1-2 per quarter. did zero this quarter. last he had 2. most of time is taking very concentrated bets; not doing a lot of portfolio construction, moreso ecosystem building.
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spends a lot of time on infinity
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kid and karthik will work on interesting ideas; kid likes ideation/bd ability of karthik.
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8 yrs ago, he could spend 60hrs/wk dedicated to one thing, but he wouldn’t be as useful to anyone else as he is today.
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interesting way for karthik/kid to work together; from kid’s perspective, he can handhold me.
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he spends a lot of time on infinity. part of it is the trading desk which will mm the exchange, and it’s all part of their GTM.
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how do i create the aura of “this is the next big wallet”; there was mm, then phantom, and there isn’t going to be a third ecosystem wallet.
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how do you create the product which can be kingmade.
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2 entities, separate; first is clandestine, not a company, it’s a pool of money and it’s an LLC membership entity. it predominantly does trades in long tail markets; mm’ing story protocol/etc. doesn’t exclusively do memes, but it does a lot. outside of the mandate of polychain fund 1; it’s not an ownership/investor. the money is directly from karthik and olaf. the polychain management company is olaf owned. it’s not the polychain investors. 9 figures.
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infinity is a company, a corporation, lucas is a part. zero investors. only the employees that have ownership. likely never be a single investor. fully prop funded. goal is to be an L1; one token. will do an ICO or a public fundraise ahead of the token launch.
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clandestine only uses the polychain brand; but in theory it’s a completely separate vehicle.