ETH’s L2 Growth Story
As a quick refresher, let’s touch on what Ethereum Layer 2s (L2s) are and why they’re necessary on ETH. Simply put, a L2 is an umbrella term to describe solutions that build on top of ETH mainnet (Layer 1) to improve the scalability of the network. ETH is the second largest cryptocurrency
The ExcepGen Investment Thesis
mRNA technology uses a copy of a molecule called messenger RNA to produce a directed immune response. The technology delivers molecules of antigen-encoding mRNA into immune cells, which use the designed mRNA as a blueprint to build foreign protein that would normally be produced by a pathogen (such as a virus) or
The BerriAI Investment Thesis
The label “large” refers to the number of values (parameters) the model can change autonomously as it learns. Some of the most successful LLMs have hundreds of billions of parameters. LLMs are trained with immense amounts of data and use self-supervised learning to predict the next word in a sentence, given the
The Orca Investment Thesis
March 7th, 2023
Crypto Predictions for 2023
2022 was a challenging year for crypto. Gravity Fund managed to navigate the year relatively unscathed, and as of the writing of this post, we’re carrying a gain on our overall portfolio and, more specifically, a gain on our crypto portfolio. Not bad following a year in which the crypto sector, as
The Abalone Bio Investment Thesis
The Abalone Bio team, led by Richard Yu, is harnessing evolution to find activating antibodies, a new drug class that binds with targets, then activates or tunes biological pathways to treat disease. Conventional antibody drugs have achieved great success therapeutically. Antibody drugs have a 1.5x higher FDA approval rate than small molecules, indicating
Investing in the Biotech Platforms of the Future
What are platform biotech companies, and how do their business models differ from traditional biotech companies? What are some of the critical strategic decisions in these companies’ lifecycles? What are the outcomes if things go well, or not so well? How do investors develop valuation models for platform biotech companies? We have
The MetaGravity Investment Thesis
A couple of disclaimers before we dive in: We publish both sector and individual investment theses for free, and many have gleaned insights from them, but nothing herein is investment advice. Publishing our theses allows us to synthesize, generate feedback upon and further refine them. In each thesis, I borrow liberally from
Finding Signal in the Web3 Data Pt.2 (Users)
FEBRUARY 15TH, 2022
Finding Signal in the Web3 Data Pt.1 (Developers)
JANUARY 13TH, 2022