Bitcoin White Paper Day and Ten31
October 31 marks the day Satoshi Nakamoto posted the Bitcoin White Paper on the cypherpunks mailing list, a day that forever reshaped the direction of humanity. Ten31 was named after October 31--not only as a hat tip to that historic day, but also as a declaration of a venture fund threaded with the ethos of Bitcoin. Our mission is to partner with, invest in, and support great Bitcoin companies creating infrastructure for a Bitcoin monetary system. We believe bitcoin is the tool that will facilitate freedom of mankind and unlock individual sovereignty and human flourishing.
Ten31 acts on an urge to help push Bitcoin forward. We know not everyone can be shadowy super coders, but there are skills others have at their disposal to contribute to the ecosystem. We believe the traditional venture capital model falls short in its potential impact on the space, and thus we have purposely designed Ten31 to be different from traditional VC.
Our series of funds are called the Low Time Preference Funds, and we direct a portion of our management fees to open source development and grants to contributors in the space. Rather than passive relationships with our LPs, we are building an active community of supporters who have seen the orange light of bitcoin and want to contribute. We are calling this the Ten31 Tribe. The Ten31 Tribe comes from all walks of life and brings to bear a wealth of experience, relationships and expertise across diverse fields and subject matter. LPs are largely an untapped resource for traditional VC, but we believe with the Ten31 Tribe we can be more impactful as a group and leverage the burning desire of those who have understood bitcoin and feel compelled to offer themselves to the Bitcoin mission. In a sense, we are the anti-fiat VC, with a singular focus: Bitcoin.
Finally, we are also excited to announce the addition of new members to our team. Parker Lewis, Head of Business Development at Unchained Capital, has joined as an advisor. Parker’s Gradually, then Suddenly series has been a source of in-depth evaluation on ‘why Bitcoin’ and has helped orange pill countless people. We have also added Michael Tanguma, Matt Odell, and Marty Bent as Venture Partners. Michael is currently Managing Director of Client Solutions at Unchained Capital. Matt Odell is a Bitcoin and privacy advocate, host of Citadel Dispatch and TFTC, co-Founder of several Bitcoin projects (Open Sats, BitcoinTV, Bitcoin Dev List, Final Message) and advisor to several Bitcoin companies (BottlePay, Hexa Wallet, Bitcoin Magazine, Swan Bitcoin). Marty Bent is the founder of TFTC.io, a Board member of Fortress Technologies (TSX-V:FORT), and previously Director of Business Development at Great American Mining.