Chris Tolles

A new California law (FIP VCC) is forcing VCs to ask portfolio company founders about their sexual orientation, disabilities, and more – all so it can be reported to the state. We built a new system to help funds on AngelList comply without ever seeing individual founder responses. To preserve founder privacy everywhere, we've decided to make the system available to any fund for free, regardless of who they work with for fund admin. You can use it today: fipvcc.com

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Two articles I've been thinking about together this week: Amir Kabir at Overlook VC on "the defining tension of 2026: extraordinary concentration at the infrastructure layer, extraordinary democratization at the application layer" Take a read: https://lnkd.in/gyaFg-nB And Isaac Arnold's framework for what actually makes an application layer company durable: workflow entanglement, domain specific knowledge, and data that compounds from usage rather than just intelligence. Take a read for yourself: https://lnkd.in/gSDXA-vH Amir identifies where the opportunity is, Isaac identifies why most companies building there won't capture it durably and what separates the ones that will.

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Project Vend reads less like a capability story and more like a governability story. Phase two improved because institutional scaffolding (tools, procedures, role separation) reduced predictable judgment failures—persuasion, compliance blind spots, boundary confusion, values drift. The board-level question isn’t “can an agent run a business?” but “what governance primitives must exist before we delegate authority.” Until incentives, escalation rights, and refusal boundaries are structurally enforced—not merely prompted—agents remain high-performing managers, not autonomous executives.

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Exciting times at Viewpoint. We led a $25M Series C in Moxie, a “Producer Platform” for med spas. Excited to have SignalFire, Lachy Groom, and Haystack join us as well! Kamau Massey, Dan F., and Sam Gerstenzang have built something special, and we’re pumped to partner with them. Med spas are a quintessential Producer-Led Market: a large (~$17B) category made up of thousands of independent practice owners who win clients through trust and referrals. The “producer” in this market is the injector or med spa owner, and the purchase decision is as trust-based as it gets. These entrepreneurs have historically had to stitch together the technology and services they needed to run their business. Moxie was built to be a true partner to these entrepreneurs, providing a holistic operating system for running their businesses, technology, and services. We knew we had to invest when we saw how fast Moxie's flywheel was spinning. The bigger they get, the better they can make the platform for injectors, which leads to faster growth. I’m so excited and thankful to be on this journey with you and the team!

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The SEC and CFTC just handed the RWA industry the ultimate playbook. Yesterday’s historic 68-page joint guidance under SEC Chair Paul Atkins officially killed the "regulation by enforcement" era. By establishing a clear taxonomy and recognizing assets as "Digital Commodities," regulators just gave institutional capital the green light to enter Web3. Read full doc here : https://t.co/zQDNBV7sIZ So, where does Tokenized Gold fit into this new framework? According to the SEC, a digital asset is an unregistered security if it relies on the "managerial efforts of others" for an expectation of profit (The Howey Test). At Summit Bullion, we don't manage your profit, and we don't issue synthetic paper IOUs. Our architecture is explicitly designed to bypass the Howey Test entirely. We are a pure Digital Commodity. Every token we mint is a 1:1 cryptographically verifiable vault receipt for a physical LBMA gold bar, legally de-encumbered and locked in a bankruptcy-remote Delaware Statutory Trust (DST) at The Wyoming Reserve. No rehypothecation. No counterparty risk. No "managerial" profit promises. Just hard, physical metal settled on-chain. The regulatory fog has officially lifted. The institutions are coming, and they are looking for compliant, fully allocated HQLA (High-Quality Liquid Assets). We are building our dual-trust architecture for exactly this moment. Let's get to work. 🏛️⛓️🪙 #Web3 #RWA #Tokenization #SEC #CFTC #DigitalCommodities #Gold #Solana

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nice scoop by Allie at Fortune on Patrick and Joe's third fund at VC firm Counterpart https://lnkd.in/engfnDer "Counterpart, which currently has a five person team, makes investments in startups like Invent.ai and Oxide, helping them connect to CVCs as customers, partners, and capital providers. Amid the AI boom, CVC influence has perhaps never been more important." The venture model is evolving and becoming more professional over the past decade and VCs that have corporates as LPs are twice as likely to raise their next fund as the benefits from customer and supplier relationships extend from through to the portfolio companies

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Veracity Vista Ventures (VVV) and Ndeipi Foundation today announced the signing of a groundbreaking Memorandum of Understanding to co-develop the Golden Key Resorts Token, a digital asset designed to transform global real estate, hospitality, and smart-city living through blockchain-powered ownership.

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**Roku's "Howdy" Expands Beyond Streaming** At CES 2026, Roku's CEO Anthony Wood hinted at future expansion for their $3 streaming service, Howdy. This move signals a strategic attempt to capture a broader audience in the competitive streaming landscape. At ElevenX Capital, we recognize that adaptability is key in the ever-evolving media space. What strategies do you believe content providers should use to differentiate themselves amidst fierce competition? #investing #innovation #venturecapital #entrepreneurship

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Some thoughts from Gabe Pereyra and me on the challenges facing CIOs at law firms and a product direction to alleviate them.

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