• 10T is a mid-to-late stage growth equity firm that is building a diversified portfolio of private companies which are enabling the Digital Asset Ecosystem ("DAE")
  • 10T invests in "picks and shovels" businesses that enable public and corporate blockchains to operate and interface with consumers and existing systems
  • 10T was founded in 2020 and currently manages $1.2Bn in committed capital

Digital Asset Ecosystem of Private Companies is Large and Growing

New Paradigm

Computing Power, Connectivity, and Reduced Cost Now Enable the New Economy – Creating New Leaders

Mainframe Dominance

1960-1980
Pre-Internet
Centralized

Client / Server

1980-2000
Lan/WAN Internet (1.0)
Centralized

Cloud / Mobile

2000-Present
Internet 2.0
Centralized

Distributed Computing

Present / Emerging
Web 3.0
Decentralized

Bitcoin History

The Invention and Discovery of Bitcoin Did Not Come Out of the Blue, It Is the Result of 40 Years of Scientific and Cryptographic Research

1974 - 1979

  • 1974 Cerf and Kahn, “A Protocol for Packet Network Intercommunication” – TCP/IP
  • 1976 Whitfield Diffie and Martin Hellman, “New Directions in Cryptography”
  • 1978 RSA Public-key Cryptosystems

1980 - 1989

  • 1980 Ralph Merkle, “Protocols for Public Key Cryptosystems”
  • 1981 David Chaum, “Untraceable Electronic Mail”, Return Addresses, and Digital Pseudonyms
  • 1982 Murray Rothbard, “The Ethics of Liberty”
  • 1983 David Chaum, “Blind Signatures for Untraceable Payments”
  • 1985 Elliptic Curve Cryptography
  • 1988 Timothy C. May, “The Crypto-Anarchist’s Manifesto”

1990 - 1999

  • 1991 Phill Zimmerman, Pretty Good Privacy – PGP
  • 1991 S. Haber, W.S. Stornetta, “How to time-stamp a digital document”
  • 1992 Eric Hughes, Timothy C. May and John Gilmore, "Cypherpunks founded in SF"
  • 1992 Tim Berners-Lee, World Wide Web
  • 1993 Eric Hughes, “A Cypherpunk‘s Manifesto”
  • 1994 Timothy C. May, “The Cyphernomicon”
  • 1994 CyberCash
  • 1996 E-gold
  • 1996 NSA, “How To Make a Mint”
  • 1997 Adam Back, HashCash, DOS counter-measure w/ proof-of-work
  • 1997 Nick Szabo, “Formalizing and Securing Relationships on Public Networks” – Smart Contracts, Third part vulnerabilities
  • 1998 Nick Szabo, “Securing Property Titles with Owner Authority” – Timestamped database
  • 1998 Bit Gold
  • 1998 Wei Dai, “B-money” – decentralized database to record txs and using a type of proof-of-work

2000 - 2009

  • 1998-2001 Many online retailer currencies in the dotcom bubble (Beenz, Flooz, etc) - demand
  • 2001 Bram Cohen, Bittorrent
  • 2001 Distributed Hash Tables
  • 2001 Video game currencies and markets (era started in 2001) - demand
  • 2006 Liberty Reserve
  • 2009 Bitcoin launched, “Chancellor on brink of second bailout for banks”