Keysat
77e619d097
Frontend: ThesisWorkshopPage / ThesisWorkshopNode / ThesisWorkshopOptions — the collaborative iteration screen where partners generate a variable number of competing thesis options (1, 2, 3, A1/A2/A3 ...) for any node, give feedback, and regenerate. Reuses the shared api() helper; flexible option count is the core UX constraint. Backend Architect agent (architect_agent.py) + routes shipped in dd25bbc; this completes the user-facing surface and bumps the StartOS package to 0.1.0:49 (anthropic dep already in the image, key loaded from /data/secrets/anthropic-api-key — self-disabling until present). Also lands thesis seed iterations v3 and v5 (voice/messaging corrections). Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
48 lines
4.1 KiB
Markdown
48 lines
4.1 KiB
Markdown
# Ten31 Thesis — Seed v5
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*Captures Grant's v4 edits. The Option A vs Option B framing decision (scarcity-forward vs "freedom tech" as the banner) stays open for Grant and his partner to debate, and the wording of each option may keep refining. This is the version to seed into the CRM as the starting point.*
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---
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## Framing (still being debated by the partners)
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- **Option A (scarcity-forward):** Ten31 invests in the infrastructure of scarcity. We back the bitcoin, energy, and AI companies that produce and secure the scarce resources these markets are built on.
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- **Option B (freedom tech as the banner):** Ten31 invests in freedom technology. We back the bitcoin, energy, and AI companies building the foundation for a more sovereign, less centralized economy.
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*(Both descriptions are themselves still being refined.)*
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## The throughline
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Bitcoin, AI, and energy are three of the largest growth markets of the next decade, and they depend on the same scarce resources: cheap energy and computing power. We believe that energy, compute, and AI infrastructure will settle on money that is hard to produce. That is not the case today, and connecting these markets to bitcoin is the part of the thesis that very few others are making, even as broader crypto tries to attach itself to AI and energy. Ten31 invests in that infrastructure with strong conviction.
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## Pillars
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**1. Scarcity is the whole opportunity.**
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Every one of these markets is bottlenecked on something scarce. AI and bitcoin both compete for cheap energy and compute. And we believe energy, compute, and AI infrastructure will increasingly settle on money that is hard to produce, which points directly at bitcoin. The companies that own and supply the scarce side of that equation capture the value as demand grows. That is where we invest. *(The bitcoin connection is a forward-looking conviction, not a description of today. That gap is the opportunity.)*
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**2. We invest in foundational infrastructure with real revenue.**
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The companies that generate energy, secure capital, and power computation. Real businesses earning real money from real demand today.
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**3. Founders seek us out, and we lead deals others never see.**
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Founders come to us because of our experience and our genuine alignment with bitcoin. We pursue and lead opportunities exclusive to us. People in this ecosystem know our track record and want us on their side.
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## The proof
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$200M+ deployed across two funds into 30+ of the strongest companies in the space (Strike, Start9, energy and mining infrastructure). A six-year track record that includes large-scale M&A and public-markets activity that is unmatched by others in this space. Fund III continues the same strategy.
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## Per-segment angle
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- **Bitcoin-native HNWIs (OGs).** Bitcoin only wins if people build on it. Holding is not enough. You care about making bitcoin succeed, and so do we. We put capital behind the companies that turn bitcoin into a working economy.
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- **Institutions.** Exposure to the bitcoin, energy, and AI buildout through a team with a six-year institutional track record, including large-scale M&A and public-markets activity unmatched by others in this space (and Grant's prior institutional experience on top of that).
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- **Family offices.** A long-horizon allocation grounded in real businesses, run by a team with deep credibility and a real track record.
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- **Smaller accredited ($100k).** The same thesis our most convicted investors back, at an accessible entry point.
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- **AI and energy operators.** You may not be focused on bitcoin today, and that is exactly the point. We believe bitcoin becomes a larger component of energy and compute over time, and most operators in your space are not yet positioned for it. We are, and we invest across the stack that connects them.
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## Voice
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Direct, concrete, conviction-driven. No "betting" language, no em dashes, no "X, not Y" phrasing, no kitchen-sink lists. Plain sentences a serious LP can verify in their head.
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---
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*Open decisions for the partners: Option A vs B (and the wording of each); whether pillar 3's "sought out / exclusive deals" is the edge to lead with. This seed goes into the CRM and the Architect helps iterate from here.*
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