{ "docId": "019f6b8f-52dd-703b-97fe-389e7a00b8ad", "docSlug": "jarvis-placeholder-thesis-summary", "documentTitle": "Placeholder Thesis Summary", "authorId": "placeholder-thesis-summary", "authorName": null, "documentKindSlug": "deck", "documentKindLabel": "Deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": null, "orientation": null, "aspectRatio": null, "pageNumber": 8, "pageCount": 19, "prevPage": 7, "nextPage": 9, "slideType": "key_messages", "function": "establish_context", "density": "overcrowded", "nDataPoints": 1, "notes": "The slide is text-heavy and serves as a narrative overview of the firm's operational philosophy and market view.", "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019f6b8f-52dd-703b-97fe-389e7a00b8ad/8", "deckHref": "/decks/019f6b8f-52dd-703b-97fe-389e7a00b8ad", "deckJsonHref": "/decks/019f6b8f-52dd-703b-97fe-389e7a00b8ad.json", "deckAnchorHref": "/decks/019f6b8f-52dd-703b-97fe-389e7a00b8ad#slide-8", "components": [ { "bbox": { "h": 0.12, "w": 0.8, "x": 0.1, "y": 0.41 }, "kind": "paragraph", "text": "We expect to make a relatively small number of investments (15-20) over a four-year investment period, with initial check sizes within the typical Seed to Series A range. Our collective experience as a partnership, combined with the scale of our personal networks more broadly, is particularly useful in key areas like governance, cryptoeconomic protocol design, community management, strategy, and organizational development.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2d3f8a62-49e6-4916-8bf2-8b605638277f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.8, "x": 0.1, "y": 0.57 }, "kind": "paragraph", "text": "We prize collaborative relationships with our LPs, entrepreneurs, and fellow investors. Like ARK and USV, we believe open sourcing our knowledge and sharing our ideas attracts the best entrepreneurs and builds a strong community around the firm. We collaborate extensively with fellow firms such as USV, a16z and BlueYard (to name a few), which share our long-term view on the opportunity.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4f7d2bb7-6693-42cc-93ce-da2ca4d08a49", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.8, "x": 0.1, "y": 0.77 }, "kind": "paragraph", "text": "We segment the market into three layers: infrastructure protocols, decentralized applications, and user interfaces (a simplified evolution of Joel’s 2014 The Blockchain Application Stack).", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4fa521a6-382e-4a81-8a2c-c549e14b3ad1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.8, "x": 0.1, "y": 0.09 }, "kind": "paragraph", "text": "Key to our strategy is building close working relationships with entrepreneurs by adding value to their team. In turn, these relationships help inform how we build, value and scale the portfolio over the Fund’s life.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7a82715a-c987-4f89-9cc0-439ed3357763", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.8, "x": 0.1, "y": 0.19 }, "kind": "paragraph", "text": "We invest early and build positions over time. A committed capital structure allows us to make long-term commitments and injects both use-case and time diversity into the portfolio. This approach allows us to invest proactively and evolve our thesis with the market as the opportunity develops, versus the inherently reactive style of continuously rebalancing a fully-invested portfolio to keep up with the many abrupt changes in the industry. We believe investing slowly and with conviction around a thesis is the best way to discover the opportunities that will achieve global scale and deliver the highest long-term value to token holders.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "80173019-45f4-4af7-a54d-808c194b7e4a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.5, "x": 0.1, "y": 0.88 }, "kind": "source-note", "text": "4 http://joel.mn/post/103546215249/the-blockchain-application-stack", "attrs": null, "subkind": "source-note", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b636a11e-5cd0-43a0-854f-5792583b66b0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.2, "x": 0.1, "y": 0.73 }, "kind": "title", "text": "4. Market structure", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "753dc81f-a290-489d-84f9-8f0b30b74f3c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "market-segmentation", "slug": null, "matchId": "461e9f23-ea98-428c-925c-f2ba8491af36", "evidence": "We segment the market into three layers: infrastructure protocols, decentralized applications, and user interfaces", "confidence": 0.8 } ], "arcBeats": [], "loops": [ { "to": 19, "from": 2, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "719d7c7d-4420-444b-abbc-3dadfdaa87f9", "evidence": "The deck's structure and content suggest a golden circle loop, with a why-what-how progression", "position": 0, "objective": "Why open standards and open source data drive investment returns", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.7, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }