Thread by @0xWangarian

0/ Stoked to announce the launch of @tangent_xyz, a Web 3 angel collective designed to help founders navigate the crypto landscape.

The premise: A personal board of advisors for founders looking to build crypto solutions for tomorrow's problems.
tangent.ventures

1/ @mrjasonchoi and I realized that whilst many innovations have popped up across DeFi, investing was still largely driven using TradFi models.

Re-thinking this from first principles, we wanted to combine the best of what Web 3 has to offer with investing structures from Web 2

2/ We're working with 6 excellent Mentors who are deeply knowledgeable in their respective verticals:

- @gabusch (YGG)
- @samkazemian (Frax)
- @Mable_Jiang (StepN)
- @tascha_panpan (Alpha Venture DAO)
- @0xMaki (LayerZero)
- @statelayer (Sudoswap)

3/ As an angel collective, we're adopting the following structure:
- Permanent Capital: No external AUM, no fees and no carry
- Small Checks: A maximum of 3% of your token/equity
- High Conviction: Up to 5 protocols per quarter
- Hands-on Help: A bespoke program for every PortCo

4/ From our time growing 2 of Asia's largest crypto funds, we've realized that building in Web 3 is vastly different from Web 2. Having the appropriate network & expertise to tackle Web 3 specific pitfalls is crucial for long-term success.

5/ We hope to work side-by-side with founders and provide them to guidance needed to navigate these waters.

Specifically, our mentors are uniquely positioned to offer advice with excellent coverage across crypto and consumer facing applications globally.

6/ @mrjasonchoi provides a great response to common FAQs on what @tangent_xyz is and how it differs from existing investing archetypes here:

https://twitter.com/mrjasonchoi/status/1544385181582127104?s=20&t=p2n2-gUUDr6tTepCRfCD8w

7/ If you're a pre-seed / seed founder looking to raise capital, we'd love to take a look at what you're building and see how we can help:

docs.google.com/forms/d/1Mu8Sn…