Bimoo

2024 was a breakout year for the Chapter One crypto portfolio:

Helius: #1 validator on Solana network. We co-led seed.

Etherfi: 10b TVL. 4th largest Eth protocol. We co-led seed.

Ondo Finance: RWA category leader. Highest FDV of any digital asset to launch in 2024.

I want someone to build a “bear market developer” scoreboard that shows the GitHub commit history of individual developers from 2022-2024.

Something that shows who kept building during the hardest times.

Pretty wild there are 133M stablecoin holders — haven’t seen this data before.

Another metric to arm yourself with when people say crypto has no PMF or real applications.

“The number of stablecoin holders continues to rise, now sitting at 133M, led by USDT (81.7M holders) and BSC-USD (25.8M).”

People often ask when crypto products will finally take off.

The breakout product of 2024 across the entire tech industry (not just crypto) was Polymarket — which started as a crypto product.

Nobody credits crypto because it’s in the background. That was always the goal — fun & utility, not hype.

We've invested in 3 @hyperbolic rounds & lucky to be first fund to invest 2 years ago.

Try them for GPU compute or inference. Their marketplace cuts GPU costs by 75% & partners include Hugging Face, Stanford, UC Berkeley, Nous Research.

https://x.com/hyperbolic_labs/status/1866513459938295980?s=46

Hey @dwr.eth — would you open source your OPML list so we can see which blogs you read?

I've been working on this article for awhile and finally published it. I tried to answer the question:

“Will consumers care if the software and content they consume online is created by a human?”

I’d love to hear your thoughts—what do you think?

https://t.co/tUNJwUZOLB

Congrats to @daylight on the round led by @usv.

In 2022 we met @kyle & his methodical product ability impressed our team.

We then co-led their pre-seed & they’ve exceeded every expectation since.

They send weekly updates to investors & are always heads down. Special team.

Apple Notes #2:
- AI software market size
- Why the crypto community should be talking about Polymarket more
- El Segundo founder views on deep tech for seed investors (hint it wasn’t what I expected)

Trying a format where I share my Apple Notes (some are original thoughts & others I’ve learned from others).

I put too much pressure to make each of these a blog post & would rather just share rough ideas.

If any are interesting lmk & I’ll try writing a longer form version.

Have met a couple new emerging managers raising crypto funds right now.

Hardest market to start a new crypto fund & they’re making it happen.

Love the conviction… bullish on all you 🐂

One of the most remarkable aspects of Polymarket is that the mainstream media isn't highlighting it as a crypto product.

This has been our goal from the beginning:

To create a product people love for its quality, with crypto working in the background.

*Prediction Market Summer*

The featured product today is /polymarket.

Most of you know prediction markets, but they’re crossing into the mainstream right now and emerging as the “app of the summer” with the election zeitgeist.

My brother who doesn’t use crypto shared this in our group chat last night, and it struck me that Polymarket has found early PMF.

X is also the perfect distribution channel as the content is all very shareable.

One goal for /chapterone is to feature progress in crypto products.

We will try to feature a new product everyday.

🔥 Product #1: Tiplink Wallet Adapter

- Login with Google on dApps and sign transactions embedded in the site.

- A better mobile experience using Iframes that feels like Apple Pay

Wrote an article about the end of the Warriors dynasty.

One of the most special teams to ever play sports.

Also shared a bit about my experience at Tinder when my journey came to an end.

https://open.substack.com/pub/jeffmorrisjr/p/the-end-of-a-warriors-era?utm_source=app-post-stats-page&r=ggp3v&utm_medium=ios

This channel will talk about all things product, data, and design.

We want it to become a place for updates and news from Chapter One and the broader tech & crypto community.

Starting a Chapter One channel for people interested in talking about product, design, and data.

We have always been excited about making crypto more user friendly.

We will explore new products & progress that is being made.

Join us here /chapterone

I get asked this question often:

“Since the crypto market downturn from 2021-2023, are there less high quality developers entering the space?”

Curious what you all think.

We’re starting July tomorrow & feels like we need new product energy to get onchain summer going…

What are the most interesting releases in July & August to get the people excited again?

Crypto BD teams have one Zoom call together.

End the call with “let’s find ways to work together.”

Immediately announce partnership on Twitter.