

Early Release: The State of Adventure Capital
The state of all things Hard Tech, Deep Tech, and American Dynamism
After 9+ months of work, Grant has finished his inaugural State of Adventure Capital deck. And ahead of Grant’s presentation at the upcoming Cantos AGM, we’re giving Motion Blur listeners a special early listen.
The presentation covers every aspect of American Dynamism Cinematic Universe, from capital inflows to dilution metrics, deep currents, and more. We dive into the meaning behind “Adventure Capital”, why the timing is right for these categories, and what investment opportunities exist for startups building in the physical world.
In Grant’s words: This is something I’ve been wanting to do for 3 years now (ever since my a16z days), and the goal is to have this be an annual project in similar scope to Mary Meeker’s Internet Trends Report. An ambitious goal to be clear! But we believe we have a unique purview of the American Dynamism / Deep Tech / Hard Tech landscape, and are compiling all of our learnings together to share them with our founders, coinvestors, and other people in the cinematic universe. Our hope is that this will be a resource for everyone as they build in these categories.
The State of Adventure will be formally released next week. Until then, enjoy this early version.
🔗 Show Resource Links
Grant’s recent tweets on some of the slides from his deck
🎙️ Podcast Links
🌀 About Motion Blur
Exploring what makes great companies and technologies work. Brought to you by Grant Gregory & Hammad Aslam. Grant is a Partner at Cantos where he focuses on physical world technologies. Hammad is a Partner at Kivu Ventures, Susa’s growth fund.
Learn more about the hosts:
Intro music credit: Will Harrison
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