Investments

I made six angel investments from 2013-2016, all in founders I knew before investing:

  • Portfolio:
    • Beek (2016 Seed) – Unrealized gains.
    • Sano (2015 Seed) – Raised 2018 Series A from Fitbit. Acquired by One Drop in 2020.
    • MatterFab (2014 Seed) – Raised 2015 Series A from GE Ventures and AutoDesk. Shut down.
    • Experiment (2013 Seed) – 2021 grant by Robert Downey Jr. via Experiment Foundation.
    • 10 Storks (2013 Seed) – A subscription box I bootstrapped with my wife. Shut down.
  • Returns:
    • I invested $45K total and have returned $200K (4.4X DPI) so far.
      • My anti-portfolio of founders who I knew and/or advised over the years and then never asked to get an allocation in their seed round would easily increase my IRR over 100%.

I invested exclusively in cryptocurrencies from 2017-2021:

  • Portfolio:
    • 2017-2018: Built a market cap-weighed portfolio of the top-10 cryptocurrencies.
    • 2019-2021: Consolidated into a market cap-weighed portfolio of BTC and ETH.
  • Strategy:
    • Buy, hold, and accumulate top cryptocurrencies with a 10-year outlook.
      • My two kids were born in 2017 and 2019, so liquidity is now a key factor in my investing strategy.

I’m now launching Utopic, a pre-seed VC fund investing in new scientific startups.

  • Status:
    • Targeting $5M Fund I with $1M first close by year-end 2022.
  • Strategy:
    • Find scientists with world-changing ideas.
    • Help them launch startups.
    • Invest the first $100K in these companies.
    • Personally advise them on accelerators, fundraising, growth, and exits.
  • Contact:
    • If you’re interested in this fund as a founder or investor, please contact me.