{
  "docId": "019f6b8f-107d-7449-901f-8849a14fb31c",
  "docSlug": "jarvis-dydx-investment-memo-december-2017",
  "documentTitle": "dYdX Investment Memo December 2017",
  "authorId": "dydx-investment-memo-december-2017",
  "authorName": null,
  "documentKindSlug": "document",
  "documentKindLabel": "Document",
  "sourceTypeSlug": "independent_analyst",
  "sourceTypeLabel": "Independent analyst",
  "presentationDate": "2017-12-01 00:00:00",
  "orientation": null,
  "aspectRatio": null,
  "pageNumber": 1,
  "pageCount": 2,
  "prevPage": null,
  "nextPage": 2,
  "slideType": "executive_summary",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Investment memo format, likely from a VC firm.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": "https://imgproxy.kitesheet.com/0q7dOArXuNXY0s9aq5rjOJUNeSo29f0w1nbx-fzY3mg/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9qYXJ2aXMtZHlkeC1pbnZlc3RtZW50LW1lbW8tZGVjZW1iZXItMjAxNy9wMDAxLmpwZw",
  "slideHref": "/slides/019f6b8f-107d-7449-901f-8849a14fb31c/1",
  "deckHref": "/decks/019f6b8f-107d-7449-901f-8849a14fb31c",
  "deckJsonHref": "/decks/019f6b8f-107d-7449-901f-8849a14fb31c.json",
  "deckAnchorHref": "/decks/019f6b8f-107d-7449-901f-8849a14fb31c#slide-1",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.15,
        "x": 0.13,
        "y": 0.79
      },
      "kind": "image",
      "text": "Antonio Juliano photo",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "40bf6696-eb75-4861-a8e1-ceb732a7f0b4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.13,
        "y": 0.06
      },
      "kind": "image",
      "text": "1confirmation logo",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2779d45f-9ff8-48c7-ad9b-bf5eb1875b22",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.75,
        "x": 0.13,
        "y": 0.45
      },
      "kind": "list",
      "text": "1.) Decentralized exchange will play a major role in the future of digital asset trading. 2.) Creating a protocol for derivatives and shorting will be a competitive moat for the 0x relayer.",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f684589b-ffa5-42ad-9249-484018049b1f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.13,
        "y": 0.95
      },
      "kind": "paragraph",
      "text": "Antonio is the best founder working on decentralized exchange we have seen to date. He was one of the most productive engineers at Coinbase...",
      "attrs": null,
      "subkind": "description",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4d5cd5db-be51-461f-a29f-1f229b04e463",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.75,
        "x": 0.13,
        "y": 0.16
      },
      "kind": "paragraph",
      "text": "dYdX is building a decentralized exchange protocol that enables the trustless exchange of digital asset derivatives. The team is building a protocol as well as a relayer on top of the 0x protocol...",
      "attrs": null,
      "subkind": "description",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "88f706b9-d886-48e1-add9-0e5b2d78ba13",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.13,
        "y": 0.41
      },
      "kind": "title",
      "text": "Key assumptions for dYdX:",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "46bab948-b227-4f46-9ad9-01216f4866f8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.15,
        "x": 0.13,
        "y": 0.71
      },
      "kind": "title",
      "text": "Team (8/10):",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "63d87824-01f0-4489-a5df-5faf0b0eeace",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.1,
        "x": 0.13,
        "y": 0.12
      },
      "kind": "title",
      "text": "Summary:",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "99217d88-a417-491f-a69c-7877270b4af9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.25,
        "x": 0.13,
        "y": 0.75
      },
      "kind": "title",
      "text": "Founder Antonio Juliano",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c74be874-c4bf-46b7-87a4-6ec3fe1859fd",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "82e15e1f-4025-4a0d-ba18-325b118d07dc",
      "evidence": "1confirmation",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 1,
      "from": 1,
      "beatId": "467bbbda-37e0-4a64-8ed4-02235a349bd8",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Problem",
      "beatSlug": "sequoia-pitch-problem",
      "evidence": "Typically the first part of a Sequoia pitch",
      "position": 0,
      "confidence": 0.6,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": "https://imgproxy.kitesheet.com/LAaaHf9YBXTX_HT1oLbUBHbaI9T2AmxcIMm_594vlVg/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9qYXJ2aXMtZHlkeC1pbnZlc3RtZW50LW1lbW8tZGVjZW1iZXItMjAxNy9wMDAxLnBuZw",
  "thumbSrc": "https://imgproxy.kitesheet.com/Yz0aoWf28vZbLsYaqQGX87ja0Ip4k570Mi9zKlER4Ms/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9qYXJ2aXMtZHlkeC1pbnZlc3RtZW50LW1lbW8tZGVjZW1iZXItMjAxNy9wMDAxLmpwZw",
  "thumbSrcAlt": "https://imgproxy.kitesheet.com/AQ_9lOsqyy-Q__i11updRfs3GvdK471LKsOKG8QGpNU/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9qYXJ2aXMtZHlkeC1pbnZlc3RtZW50LW1lbW8tZGVjZW1iZXItMjAxNy9wMDAxLnBuZw"
}