Around October 2016, we began talking about working together. On August 1, 2017 (the day Bitcoin forked), we officially incorporated Placeholder Management, and in December we closed our first fund.
This is the thesis we shared during our fundraising process: https://ipfs.io/ipfs/QmZL4eT1gxnE168Pmw3KyejW6fUfMNzMgeKMgcWJUfYGRj/
The list of people who helped us get off the ground is long and we’re very grateful to all of them. In particular, we'd like to thank our mentors, Brad and Cathie, who taught us everything we know about investing.
We look forward to developing these ideas with you over the next decade.
– Joel Monegro and Chris Burniske