In my experience the best performing companies tend to write the most thoughtful monthly investor updates. That’s not to say that there’s a causal relationship - great updates obviously don’t directly result in great companies - but I think that the act of consistently writing updates pushes…
This Christmas break I finally got around to watching the Arsenal: All or Nothing documentary released earlier this year on Amazon. The series follows Arsenal for the duration of the 2021/2022 season, which on the surface ended in disappointment but was also one of under-appreciated progress in my view.…
Over the past few months we’ve seen the emergence of the decentralised science (DeSci) stack. For simplicity's sake, I’ve broken it down into 3 core layers - infrastructure, middleware and applications. Infrastructure. Putting scientific research on-chain, not just online, enables anyone to access it. Most of DeSci is…
At Cherry Crypto we share the view that web3 comprises a set of technologies that will ultimately underpin every industry. Smart contracts, fungible tokens, non fungible tokens (NFTs), DAOs, are new tools that founders can leverage when building the next generation of companies. So far, these tools have mostly been…
A couple of years ago I bought a Sorare card of the Japanese football player Kaoru Mitoma. Sorare is an NFT-based fantasy sports game and collectibles platform. At the time Mitoma was playing for Kawasaki Frontale in the Japanese League and considered a promising, young talent. A few months later…
Our portfolio company Courtyard recently launched a sneaker marketplace called Sneaks. Differently to other sneaker marketplaces, buyers and sellers on Sneaks transact in physically-backed NFTs. Physically-backed NFTs are NFTs that grant holders ownership of an underlying physical asset. When buyers come onto Sneaks they can browse the marketplace of sneakers…
I’ve previously written on the deal structure we gravitate towards when making a first investment into a crypto company: equity + token warrants. In this post I’ll dive into the token warrant itself and highlight some key points. A warrant is similar to an option. Warrants give their holders…
At Cherry Crypto we work at the earliest stages with founders and often come to the discussion of how to structure their first financing round. I wanted to share our thoughts with the hope that others find it helpful and to help sharpen our own thinking. The main and obvious…