I suppose any VC firm could do the same, but...

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Kind-1 (TextNote)

2026-09-02T15:16:45Z

I suppose any VC firm could do the same, but... ▪️Ten31partner Bogarts on the opensats board ▪️Chooses winners and losers ▪️Funds projects and gets personal with devs ▪️Once project has legs, Ten31 privately invests This feels like Ten31 avoids the initial risky funding rounds by offloading it to a non profit, then uses that relationship of grant money to convince the private deal. Opensats sits on thousands of bitcoin from well intended donors who may never know Ten31 uses it as an early series raise they never have to pay for.

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