Placeholder is a venture capital firm that invests in decentralized protocols
and web3 services. Partners Joel Monegro
and Chris Burniske
manage the firm with Brad Burnham
as venture partner. Mario Laul
is our Head of Research with Gurnoor Narula as Research Analyst. Shelly Gogol is our General Manager and Crystal Kwan supports the firm's operations.
Since 2017, we have invested in over 75 early-stage companies and networks, including:
0x
Across
Agoric
Aleo
API3
Aptos
Arweave
Avalanche
Avantgarde
Arx
Backpack
Balancer
Bitcoin
Botanix
Ceramic
Celestia
Cosmos
Decred
Delv
Eclipse
Enzyme
Ethereum
Filecoin
FOAM
Forgotten Runes
Forta
Gearbox
Gyroscope
Infinity Exchange
Jito
Kamino
Kusama
LooksRare
Magic
MakerDAO
Monad
Mona Gallery
Movement
NFTX
NFTFi
Nexus Mutual
Numerai
Nori
Obol
Orca
Pocket
Polkadot
Polygon
Polymer
Polywrap
Radicle
Rainmaker
Rated
Request
Saga
Sarcophagus
Seed Club
Solana
Solend
Sui
Squads
Stacks
Tensor
Tally
UMA
WeatherXM
Union
Zcash
Zerion
zkSync
and more.
Learn about our investment thesis and how we invest, follow us on twitter @placeholdervc.
You can also find open roles across the portfolio at jobs.placeholder.vc.
Latest Blog Posts
Blog Archive
-
2024
- Jul 30, 2024 Eclipse: the Best of Solana, Ethereum, and Celestia Jul 30, 2024
- Jul 10, 2024 Stable Coins, Stable Growth Jul 10, 2024
- Apr 25, 2024 Is it time to Move beyond Solidity? Apr 25, 2024
- Apr 18, 2024 Saga: Open Blockspace for the Multiverse Apr 18, 2024
- Apr 15, 2024 Onchain Finance is Thriving; What’s Next? Apr 15, 2024
- Feb 23, 2024 Introducing Gurnoor Singh Narula Feb 23, 2024
-
2023
- Dec 19, 2023 Institutionalization = Network Success Dec 19, 2023
- Nov 22, 2023 Rollups as Virtual Blockchains in The Modular Era Nov 22, 2023
- Oct 23, 2023 AI Belongs Onchain Oct 23, 2023
- Oct 10, 2023 Ethereum and Solana Oct 10, 2023
- Sep 28, 2023 Placeholder is Hiring an Analyst Sep 28, 2023
- Sep 20, 2023 Progressive Compliance Sep 20, 2023
- Apr 23, 2023 Internet Financial System: Infinity Exchange and Beyond Apr 23, 2023
- Mar 9, 2023 Across Thesis Mar 9, 2023
-
2022
- Nov 14, 2022 Moving on from FTX Nov 14, 2022
- Oct 27, 2022 Gyroscope Thesis Oct 27, 2022
- Feb 3, 2022 Middlemachines Feb 3, 2022
-
2021
- Oct 20, 2021 How Crypto Is Shaping the Digital Revolution Oct 20, 2021
- Jul 21, 2021 Scaling Ethereum with zkSync Jul 21, 2021
- Jun 16, 2021 Element Thesis Jun 16, 2021
- May 20, 2021 Isomorphism in DAO Governance May 20, 2021
- Apr 1, 2021 The Original Sin Apr 1, 2021
- Mar 25, 2021 Replicating Market Makers Mar 25, 2021
- Mar 11, 2021 Systemic Risk Mitigation in DeFi Mar 11, 2021
- Mar 2, 2021 A Note on Privacy in Constant Function Market Makers Mar 2, 2021
- Feb 25, 2021 Re-Decentralizing Git with Radicle 🌱 Feb 25, 2021
- Jan 19, 2021 Optimal Fees for Geometric Mean Market Makers Jan 19, 2021
- Jan 13, 2021 When Does the Tail Wag the Dog? Curvature and Market Making Jan 13, 2021
-
2020
- Dec 11, 2020 The Great Automaton Dec 11, 2020
- Dec 2, 2020 Can one hear the shape of a CFMM? (Part 1) Dec 2, 2020
- Sep 30, 2020 Ten Theses on Decentralized Network Governance Sep 30, 2020
- Sep 17, 2020 Stop Burning Tokens – Buyback and Make Instead Sep 17, 2020
- Sep 15, 2020 Zcash Thesis Sep 15, 2020
- Jul 20, 2020 Balancer Thesis Jul 20, 2020
- Jul 14, 2020 FOSS Governance and Blockchain Networks Jul 14, 2020
- Jun 25, 2020 Why Stake When You Can Borrow? Jun 25, 2020
- Jun 17, 2020 Liquidity Provider Returns in Geometric Mean Markets Jun 17, 2020
- Jun 15, 2020 A Superior Financial System Jun 15, 2020
- Jun 13, 2020 Institutional Participation in Token-Weighted Network Governance Jun 13, 2020
- May 29, 2020 Magic Authentication May 29, 2020
- May 22, 2020 Proof of Liquidity May 22, 2020
- May 7, 2020 Aragon DAOs May 7, 2020
- Apr 9, 2020 Erasure Thesis Apr 9, 2020
- Apr 6, 2020 On Autonomous Software Apr 6, 2020
- Mar 6, 2020 Aragon (ANT) Economics Mar 6, 2020
- Jan 30, 2020 Thin Applications Jan 30, 2020
- Jan 7, 2020 How Much Does a Crypto-Vote Cost? Jan 7, 2020
-
2019
- Dec 14, 2019 The DeFi Déjà Vu Dec 14, 2019
- Dec 3, 2019 Zerion Dec 3, 2019
- Nov 29, 2019 Zcash's Network Upgrade 4: The Final Stretch of Decisions Nov 29, 2019
- Oct 26, 2019 The Bookkeeping View of Money Oct 26, 2019
- Oct 25, 2019 How To Think About Value Oct 25, 2019
- Oct 22, 2019 Fire before Growth: The Likely Fate of Ethereum Killers Oct 22, 2019
- Oct 6, 2019 Protocols as Minimally Extractive Coordinators Oct 6, 2019
- Sep 3, 2019 Ethereum and The Seven Dwarfs Sep 3, 2019
- Aug 19, 2019 Web vs. Crypto Service Models Aug 19, 2019
- Aug 7, 2019 Cryptonetworks and Governments Aug 7, 2019
- Jul 31, 2019 Sovereign Cryptonetworks Jul 31, 2019
- Jul 10, 2019 Resources, Governance, and Legitimacy in Zcash's 2020 Network Upgrade Jul 10, 2019
- Jul 10, 2019 Risk Management in MakerDAO Jul 10, 2019
- Jun 26, 2019 3Box Thesis Jun 26, 2019
- Jun 19, 2019 The Full Circle Hypothesis Jun 19, 2019
- May 6, 2019 Blockchains are Bureaucracies par Excellence May 6, 2019
- Apr 26, 2019 Value Capture and Quantification: Cryptocapital vs Cryptocommodities Apr 26, 2019
- Apr 10, 2019 DeFi Liquidity Models Apr 10, 2019
- Mar 13, 2019 Mario Laul Mar 13, 2019
- Mar 1, 2019 Maker Network Overview Mar 1, 2019
- Feb 25, 2019 FOAM Thesis Feb 25, 2019
- Feb 19, 2019 Cryptonetwork Governance as Capital Feb 19, 2019
- Feb 14, 2019 The Defensibility of Middleware Protocols Feb 14, 2019
- Feb 2, 2019 Crypto Hedge Funds Vs. Venture Funds Feb 2, 2019
- Jan 23, 2019 Maker Thesis Jan 23, 2019
- Jan 9, 2019 Funding Cryptonetworks Jan 9, 2019
- Jan 5, 2019 The Cryptoeconomic Circle Jan 5, 2019
-
2018
- Nov 30, 2018 Cryptonetworks are not Companies Nov 30, 2018
- Nov 13, 2018 Theory Follows Price, Price Follows Theory Nov 13, 2018
- Nov 6, 2018 Productive Capital in Cryptonetworks Nov 6, 2018
- Nov 6, 2018 The Nouriel in All of Us Nov 6, 2018
- Aug 13, 2018 Resource Distribution and Power Dynamics in Decentralized Networks Aug 13, 2018
- May 12, 2018 Decred Thesis May 12, 2018
- Apr 7, 2018 Cryptoassets: Flow & Reflexivity Apr 7, 2018
- Feb 20, 2018 Information Technology Market Cycles (A Brief History) Feb 20, 2018
- Feb 13, 2018 Investment Thesis Summary Feb 13, 2018