Investment Thesis · Hack VC
Investment thesis
Hack VC states that the Monero aspect of Tari is the most crucial part of their investment thesis.
The Monero aspect of all this is actually the most important part of our thesis.
Why the firm invested
Hack VC made its first investment in Tari nearly four years ago, making it one of the firm's initial investments.
Our first investment was nearly four years ago and was one of the first investments we made at Hack VC.
Hack VC is excited to observe Tari's adoption growth as the stablecoin market expands.
We’re excited to see them grow their adoption as the stablecoin market blossoms.
Product
Hack VC views Tari as an L1 designed to solve a specific problem, specifically private stablecoin payments, rather than being a solution seeking a problem.
Tari is refreshing in that it’s an L1 born to solve a specific problem, rather than a solution looking for a problem. The use case they have zeroed-in on is private stablecoin payments .
Hack VC believes Tari solves the privacy issue in stablecoin payments by making them private, combining efficiency with anonymity.
Tari solves this by making stablecoin payments private , giving the best of both worlds: fast/efficient payments that preserve anonymity.
Traction
Hack VC notes that Tari is launching its mainnet with actual customers and usage, which is refreshing after many years of development.
After many years of development, Tari is refreshingly launching with real customers and real usage.
Team
Hack VC recognizes Riccardo “fluffypony” Spagni, former Monero Core member and lead maintainer, as a key and respected contributor to Tari.
Of note, a key contributor to Tari is Riccardo “fluffypony” Spagni, the former member of Monero Core and lead maintainer of Monero. fluffypony is highly respected within the Monero community and Tari is fortunate to be working with him.
Hack VC appreciates the Tari team's patience and dedication to their mission over many years of development.
We appreciate the team’s patience and dedication to their mission for so many years.
What founders can learn
- What actually moved the decision: Hack VC wrote that Hack VC made its first investment in Tari nearly four years ago, making it one of the firm's initial investments.
- The traction evidence that carried weight: Hack VC wrote that Hack VC notes that Tari is launching its mainnet with actual customers and usage, which is refreshing after many years of development.
- How the team was judged: Hack VC wrote that Hack VC recognizes Riccardo “fluffypony” Spagni, former Monero Core member and lead maintainer, as a key and respected contributor to Tari.
Source and provenance
Investment Thesis published by Hack VC on blog.hack.vc (first-party source). Read the original
