004 - Grant Gilliam on Build With Bitcoin

Build With Bitcoin

Grant, co-founder of Ten31, shares the origin story of the investment platform and its focus on supporting Bitcoin companies. The team has a vast background in investing and decided to launch Ten31 to support companies in the Bitcoin ecosystem. Ten31 provides capital and partnership opportunities and focuses on companies that are Bitcoin-first or incorporate Bitcoin into their business models. They invest across various sectors, including financial services, mining, and hardware.
The funds offered by Ten31 cater to different investor classes, with the Low Time Preference Fund targeting institutional investors and the Tactical Fund allowing smaller individual investors. The funds invest in companies at different stages, from pre-seed to series A and beyond. Grant explains how investing in the Bitcoin ecosystem offers unique opportunities for collaboration and network effects. The episode covers how holding Bitcoin on a company's balance sheet can mitigate the need for future fundraising and contribute to equity value growth. The investment process varies for each company, but transparency and alignment with Bitcoin values are key for Ten31. Grant also highlights the importance of supporting open-source development for the growth of the ecosystem.
Follow Grant https://primal.net/grant
https://ten31.vc/home
00:00 The Origin of Ten31 and its Focus on Bitcoin Companies
07:25 Diverse Investment Portfolio: Financial Services, Mining, and Hardware
25:53 Active Funds and their Investor Classes
40:30 The Opportunity Cost of Bitcoin's Price Appreciation
51:54 Back the Best Founders Who Are Masters of Their Craft
58:35 Finding Your Sweet Spot as a Startup
01:02:55 Contributions to Open Source
https://www.buildwithbitcoin.xyz/
https://twitter.com/BuildwBitcoin