by billdecker | May 1, 2026 | Market Notes
Something changed in the diligence calls we’ve sat on over the past quarter. The questions got less about narrative and more about arithmetic — and the founders who could answer in numbers, not adjectives, were the ones who closed. The questions that used to...
by billdecker | Apr 28, 2026 | Token Economy
“Community governance” appears in almost every token’s pitch and almost never in its actual decision-making. Here’s an honest map of what on-chain governance reliably decides, and what it quietly doesn’t. What it’s actually good at...
by billdecker | Apr 24, 2026 | Venture Playbooks
A data room is a trust exercise disguised as a folder structure. Investors form an opinion of your operational discipline before they read a single number, just from how the room is organized. Here’s how to build one that earns diligence instead of triggering...
by billdecker | Apr 21, 2026 | Investor Education
“I’m diversified” is one of the most comforting sentences in investing, and one of the least examined. Owning twelve things isn’t a strategy — it’s often just twelve unexamined opinions wearing a portfolio’s clothing....
by billdecker | Apr 17, 2026 | Founder Stories
A founder we advised spent fourteen months building a B2B analytics tool nobody quite wanted, and three weeks realizing the support tickets were the actual product. This is the story of the pivot nobody in the room wanted to make — including us. The signal was in the...
