Thesis

We’re at the convergence of four great trends: climate change, finance, blockchain, and open source.

Climate Change

The time to pretend that climate change is not happening or far in the future is past.

The physical realities of climate change are already here. So are the resulting social transitions.

This creates both great opportunities and great risks.

Finance

Climate change is the great paradigm, the inflection point that we cannot ignore.

The unfettered capital markets of the past decades are coming to an end.

As investors, we must embrace the fundamental realities of climate change.

Old industires must be restructured or face extinction, while new industries are born.

We must look for opportunities in the change.

Blockchain

Blockchain is the next evolution of the internet.

It will not just disrupt key industries.

It will re-write the rules of business and finance.

Commercial Open Source

The artificial boundaries of open source and commerce are disappearing, as the two form a symbiotic whole.

Open source is a fountain of innovation and talent at scale.

Commercial software provides trust and reliability through support, services, and value-added integrations.

Together, they form a virtuous cycle: commercial business models support open source development, which builds better commercial software.