Investing in the businesses and networks enabled by crypto's evolution.
Team
Rashan Colbert
Rashan leads the firm's crypto thinking, capital formation, and investment strategy. A philosophy-driven investor with a deep policy background, he's helped shape federal crypto legislation on behalf of leading exchanges, venture firms, DeFi projects, and stablecoin issuers. Previously Head of Policy at dYdX Trading and a U.S. Senate staffer, he now applies that experience as a startup advisor, angel investor, and online writer. He lives in Washington, D.C. with his wife and family.
Habib Ahmadi
Habib leads firm operations, investment and fund management, and investor relations. He brings a cross-functional background spanning public markets investing, project management, and user experience design, with deep experience scaling processes at multinational technology and financial companies. Before LVC, he held leadership roles across operations and strategy at Fortune 100 companies. He holds an MBA and lives in Washington, D.C. with his dog, Nikko.
Investments
Writing
The PolyAsset Portfolio
The critical question for a convicted investor is not whether crypto can grow. The question is: if the system grows 10x, which claims capture that value and when? Our answer is a portfolio architecture designed to reduce value-capture model error. We call it the PolyAsset Portfolio.
Read on SubstackA Good Token is Hard to Find
The crypto ecosystem is still sufficiently immature and irrational that it is difficult to predict where value will accrue. Enforcement of claims is weak, demand is reflexive and narrative-driven, and any given token's long-run "equilibrium" is unusually hard to estimate.
Read on SubstackPolymorphic Rails
Crypto is evolving into a polymorphic financial substrate: the same decentralized rails — with adoption driven by supportive U.S. policy and explosive infrastructure growth — will simultaneously harden into core global financial infrastructure and bring orders of magnitude more value on-chain.
Read on Substack