In this episode of Inside the Hutt, host Brooke Pollack welcomes Jakub Rusiecki and David, co-summoners of Social Graph Ventures (SGV), a Web3 social investment vehicle. They discuss their personal journeys into crypto investing, the formation and structure of SGV, and the unique opportunities in Web3 social. The conversation covers SGV’s investment thesis, the evolution of blockchain-powered social platforms like Farcaster and Lens, and how open social graphs can disrupt existing incumbents. Jakub and David also explore how SGV operates as a community-driven investment DAO, their experience in early-stage investing, and the future of Web3 social applications.

Key Points From This Episode:

Introduction to SGV – Jakub and David share their backgrounds and how they formed Social Graph Ventures.

What is Web3 Social? – Explanation of how decentralized social platforms function and their potential impact.

Investment Focus of SGV – Discussion on why SGV prioritizes Web3 social apps, middleware, and social protocols.

Challenges in Web3 Social Adoption – Why competing with Web2 incumbents is difficult and how SGV sees new opportunities.

Farcaster and Lens as Flagship Platforms – The role of these decentralized social networks in the ecosystem.

The Community-Driven Investment Model – How SGV operates without LPs, using a member-based structure.

Motivating Member Participation – Reward-based incentives to keep contributors engaged and active.

The Future of SGV – Potential expansion, additional vehicles, and staying disciplined in investment strategy.

Highlighting Portfolio Investments – Overview of SGV-backed startups like Neynar, and Rodeo.

Long-Term Vision for Web3 Social – How open social graphs and blockchain-based social networks might evolve.

Links

Jakub Rusiecki on Twitter: https://x.com/jakub_rusiecki

David on Twitter: https://x.com/clujso

Social Graph Ventures: https://www.socialgraph.vc/

Brooke Pollack on Twitter: https://twitter.com/bhpollack

Brooke Pollack on LinkedIn: https://twitter.com/bhpollack

Hutt Capital: https://www.huttcapital.com/