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Investment due diligence documents for evaluating an emerging venture capital manager without a track record

How to Evaluate an Emerging Manager Without a Track Record

Sep 24, 2026

A practical guide for LPs evaluating emerging VC managers, from investment judgment and deal flow to strategy, alignment and fund mathematics.

Greenhouse with potted plants, text overlay reading
InvestmentEducational

Aug 17, 2026

Most accelerators leave startups worse off than no accelerator at all. A look at the data behind Y Combinator, Airbnb, and the accelerator selection myth.

Large white text reading 'Why Most LPs Are Underexposed to Deep Tech' overlaid on a dark, detailed pencil illustration of a vintage archiving room or laboratory filled with files and equipment.
InvestmentEducational

Jul 21, 2026

Deep tech is now a third of global VC funding, but most LP portfolios haven't caught up. Data on allocation, returns, and why the gap exists.

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EducationalInvestment

Jul 7, 2026

Startups obsess over IPOs, but acquisitions are the new finish line. Learn why founders must build for an acquisition exit from day one and how to prepare.

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Arcanum Ventures Video Content

Explore, learn, and discover the latest insights and updates about investing, artificial intelligence, blockchain, and more.

Subscribe to the Arcanum Ventures YouTube Channel and join our growing community.

The BOOM ROOM

SpaceX Just Pulled Off Its Most Important Launch Yet

A Fuel Crisis, an AI Pledge, and a Superpower Summit | BOOM ROOM Weekly Roundup

The Machines Are Flying Themselves Now

AI Found a Biological System Scientists Missed

AI Hallucination Nearly Triggered a US Strike on a Chinese Ship | BOOM ROOM Weekly Roundup

The US and China Are Treating AI Like Nuclear Weapons

The AI Lab That Preaches Safety Is Watching Its Critics

The Rate Cut You Were Promised Just Became a Hike | BOOM ROOM Weekly Roundup

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ARCANUM is a venture capital #investment firm, #blockchain advisory service, and digital asset authority/educator.

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Utopia in Beta

A space to explore how emerging technologies and new societal systems are reshaping the human experience and what it means to build for a post-digital society.

Written by Isabelle Castro, it blends deep analysis, storytelling, and critical inquiry to explore how tomorrow’s innovations are taking shape today.

Utopia in Beta Podcast [ep.08] Ft. Mac Davis @ MiniCIrcle

Utopia in Beta Podcast [ep.07] Ft. Patri Friedman @ Seasteading Institute

Utopia in Beta Podcast [ep.06] Ft. Francesco Mosterts @ UMIA

Utopia in Beta Podcast [ep.04] Ft. Christoph Fleischmann @ Arthur Technologies

Utopia in Beta Podcast [ep.03] Ft. Daniel Thompson @ Noma Collective

Utopia in Beta Podcast [ep.02] Ft. Victor Vernissage @ Humanode

Utopia in Beta Podcast [ep.01] Ft. Peter Voss, Uri Charles, & Peter J. Wacks

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HIDDEN WISDOM Newsletter

Signal over noise. Once a month.

Hidden Wisdom decodes the forces driving technology globally. Expect market context and insights that span the world of emerging technology.

Sasha Asheghi

General Partner of Arcanum Ventures

Hidden Wisdom #10
Hidden Wisdom #09
Hidden Wisdom #08
Hidden Wisdom #07
Hidden Wisdom #06
Hidden Wisdom #05
Hidden Wisdom #04
Hidden Wisdom #03
Hidden Wisdom #02
Hidden Wisdom #01

Guest Contributors

General Partner at Arcanum Ventures. Investor in emerging technologies. Protocol design advocate. Startup strategist. We discuss ideas and execution.

Would You Watch Someone Die?

Would You Watch Someone Die?

The U.S. may livestream Nidal Hasan’s execution by firing squad. What happens when state violence becomes transparent, permanent, and consumable online?

Carmelo

Carmelo

Oct 14, 2026

The Code That "Says" It Loves You

The Code That "Says" It Loves You

AI companions sell relief from loneliness. But what do they cost us in our capacity for real connection?

Evelin Csányi, PhD

Evelin Csányi, PhD

Jun 09, 2026

Coming soon

Coming soon

This is Sasha's Substack.

Sasha Asheghi

Sasha Asheghi

Jan 06, 2026

The Things Beneath Us

The Things Beneath Us

We’re trying to build intelligence greater than our own while discovering, once again, what humans do when something cannot fight back.

Carmelo

Carmelo

Oct 07, 2026

FIELD NOTES #00: Vibe-Coded Founders, AI Slop & Other September Debris

FIELD NOTES #00: Vibe-Coded Founders, AI Slop & Other September Debris

Experiments, unfinished theories, useful things, dead ideas, strange obsessions, and other debris from inside my overworked coconut. Welcome to Field Notes.

Carmelo

Carmelo

Sep 30, 2026

Why Does Everything Have to Scale?

Why Does Everything Have to Scale?

I make a living investing in companies that need to become enormous. I’m not convinced everything else should have to do the same.

Carmelo

Carmelo

Sep 23, 2026

Nobody Is Driving

Nobody Is Driving

AI researchers are quitting, labs are talking about slowing down, governments are worried about China, and everyone has an incentive to keep accelerating anyway. Maybe we have been looking at the AI a

Carmelo

Carmelo

Sep 16, 2026

The Human Is Becoming Latency

The Human Is Becoming Latency

Humanity would very much like to keep a human in charge of the killer robots. Unfortunately, humans are increasingly becoming the slowest part of the system.

Carmelo

Carmelo

Sep 09, 2026

The ROI of Staring at a Wall

The ROI of Staring at a Wall

Twenty minutes. No phone, no music, no work. I tried meditating for two weeks and accidentally turned doing nothing into another performance metric.

Carmelo

Carmelo

Sep 02, 2026

Tech Doesn’t Understand Why You Don’t Like It

Tech Doesn’t Understand Why You Don’t Like It

Tech companies say people don’t understand the future. Maybe the bigger problem is that tech no longer understands the people expected to live in it.

Carmelo

Carmelo

Aug 26, 2026

The Internet Was Better When It Was Worse

The Internet Was Better When It Was Worse

Myspace was ugly, slow, chaotic, and deeply human. As the internet became cleaner, smarter, and more personalized, we may have accidentally lost something valuable along the way.

Carmelo

Carmelo

Aug 19, 2026

The Internet Ouroboros

The Internet Ouroboros

AI ate the human internet. Now it is coming back for the fossils. Somewhere, some way, somebody out there is buying an awful lot of old books. Not Hemingway first editions or illuminated, gold-leaf

Carmelo

Carmelo

Aug 12, 2026

Everyone Is Asking Someone Else for Money

Everyone Is Asking Someone Else for Money

Founders ask VCs. VCs ask LPs. Somewhere above them, someone richer is still saying no. A personal essay about money, status, bad pitches, conditional affection, and the strange humility of asking for

Carmelo

Carmelo

Aug 05, 2026

Music for People Who Aren’t Listening

Music for People Who Aren’t Listening

I once played live music for a Russian oligarch who never once looked at the stage. That gig is where this piece on Suno, copyright, and the AFM's lawsuit against Warner and Universal begins.

Carmelo

Carmelo

Jul 29, 2026

The Most Observed Event in Human History

The Most Observed Event in Human History

The 2026 World Cup became a global test bed for facial recognition, robot dogs, counter-drone systems, and surveillance infrastructure built to last.

Carmelo

Carmelo

Jul 22, 2026

Confessions of a Compromised Capitalist

Confessions of a Compromised Capitalist

From homeless anti-capitalist to venture capitalist, a personal essay on power, hypocrisy, and the unresolved question of whether capital can be used with a conscience.

Carmelo

Carmelo

Jul 15, 2026

Coming soon

Coming soon

This is Gonzo Capital, a brand new publication by Carmelo Giuliano that's just getting started. Things will be up and running here shortly, but you can subscribe in the meantime if you'd like to stay

Carmelo

Carmelo

May 27, 2025

Global News

Fundraising News

Wavemaker, ADB Ventures back battery startup in $4m seed

Wavemaker, ADB Ventures back battery startup in $4m seed

Oct 19, 2026

AIsa Raises Total Funding Above $9 Million With Tether…

AIsa Raises Total Funding Above $9 Million With Tether…

Oct 18, 2026

Tether Backs AI Startup As Funding Tops $9 Million In Push Toward Autonomous Payments

Tether Backs AI Startup As Funding Tops $9 Million In Push Toward Autonomous Payments

Oct 17, 2026

The Week’s 10 Biggest Funding Rounds: Spending Contracts For Latest AI-Driven Startup Batch

The Week’s 10 Biggest Funding Rounds: Spending Contracts For Latest AI-Driven Startup Batch

Oct 16, 2026

Step by Step Guide to Generating Offline Seed Phrases with…

Step by Step Guide to Generating Offline Seed Phrases with…

Oct 16, 2026

Stablecoins Take Aim at Cash Locked in Prefunding

Stablecoins Take Aim at Cash Locked in Prefunding

Oct 16, 2026

Claude traces the origins of NIST ECDSA curve seeds

Claude traces the origins of NIST ECDSA curve seeds

Oct 16, 2026

AI cloud Modal raises $750m in Series D funding round

AI cloud Modal raises $750m in Series D funding round

Oct 16, 2026

Daily Indian Funding Roundup & Key News - 16 October 2026: RapidCanvas Raises $29 Million, Urban Company Clears ₹2,500 Crore Fundraise

Daily Indian Funding Roundup & Key News - 16 October 2026: RapidCanvas Raises $29 Million, Urban Company Clears ₹2,500 Crore Fundraise

Oct 16, 2026

Asia’s Startup Funding At Near Record High In Q3, Driven By AI

Asia’s Startup Funding At Near Record High In Q3, Driven By AI

Oct 16, 2026

Stockholm startup Matters raises $5m pre-seed to build an AI-native bank

Stockholm startup Matters raises $5m pre-seed to build an AI-native bank

Oct 16, 2026

North.cloud bags $60M in funding to help businesses keep runaway cloud costs in check

North.cloud bags $60M in funding to help businesses keep runaway cloud costs in check

Oct 16, 2026

ByteDance’s Seed AI launches global AI safety hiring drive

ByteDance’s Seed AI launches global AI safety hiring drive

Oct 16, 2026

Mueon nabs $65M in funding to develop 3D computing modules

Mueon nabs $65M in funding to develop 3D computing modules

Oct 16, 2026

Visa stablecoin prefunding moves to commercial use

Visa stablecoin prefunding moves to commercial use

Oct 16, 2026

Binance.US Seeks Up to $100 Million in Funding at $1…

Binance.US Seeks Up to $100 Million in Funding at $1…

Oct 15, 2026

Kitchen Secret Raises INR 1.14 Crore in Seed Round Led by BeyondSeed to Fuel Its Next Phase of Growth

Kitchen Secret Raises INR 1.14 Crore in Seed Round Led by BeyondSeed to Fuel Its Next Phase of Growth

Oct 15, 2026

Daily Indian Funding Roundup & Key News - 15 October 2026: Confido Health Raises $12.5 Million, Jio Platforms Sets IPO Price Band

Daily Indian Funding Roundup & Key News - 15 October 2026: Confido Health Raises $12.5 Million, Jio Platforms Sets IPO Price Band

Oct 15, 2026

120ft raises angel funding to build autonomous microfactories run by humanoid robots

120ft raises angel funding to build autonomous microfactories run by humanoid robots

Oct 15, 2026

Indian banking AI startup RevRag raises $2.5m seed round

Indian banking AI startup RevRag raises $2.5m seed round

Oct 15, 2026

Daily Indian Funding Roundup & Key News - 14 October 2026: GreenCell Mobility Raises ₹330 Crore, Groww Q2 Profit Jumps 54%

Daily Indian Funding Roundup & Key News - 14 October 2026: GreenCell Mobility Raises ₹330 Crore, Groww Q2 Profit Jumps 54%

Oct 14, 2026

DriveWealth Taps Ripple’s RLUSD to Close the Funding Gap in…

DriveWealth Taps Ripple’s RLUSD to Close the Funding Gap in…

Oct 14, 2026

SEC committee sets October 27 meeting on IPO modernization, crowdfunding

SEC committee sets October 27 meeting on IPO modernization, crowdfunding

Oct 14, 2026

Cachet raises new funding to insure Europe’s gig and mobility platforms

Cachet raises new funding to insure Europe’s gig and mobility platforms

Oct 14, 2026

Beenext, Lotus lead $2m pre-seed for AI startup Miracly

Beenext, Lotus lead $2m pre-seed for AI startup Miracly

Oct 14, 2026

SEA financials tracker: Funding Societies grows revenue by 24%

SEA financials tracker: Funding Societies grows revenue by 24%

Oct 14, 2026

Thai fintech firm Salary Hero raises $7.6m series A

Thai fintech firm Salary Hero raises $7.6m series A

Oct 14, 2026

Pluto Security emerges from stealth with $42M in funding

Pluto Security emerges from stealth with $42M in funding

Oct 13, 2026

DayOne secures $3.67bn in funding for Malaysia expansion

DayOne secures $3.67bn in funding for Malaysia expansion

Oct 13, 2026

Daily Indian Funding Roundup & Key News - 13 October 2026: Boldfit Raises ₹400 Crore, NPCI Defers UPI MDR Till After Diwali

Daily Indian Funding Roundup & Key News - 13 October 2026: Boldfit Raises ₹400 Crore, NPCI Defers UPI MDR Till After Diwali

Oct 13, 2026