Michael Carpentier - CIO Certified Blockchain Professional

You can't reindustrialise with casino money. Dan G.'s piece "No Crying in the Casino" on the Odin blog is the sharpest diagnosis of venture capital's structural crisis I've read this year. He traces financialisation from 16th century bullionism through Carlota Perez's technological revolutions to the present casino culture. He's right about all of it. But the prescription has a gap. Gray calls for reindustrialisation, and the technologists building uranium enrichment, marine robotics, and drug discovery labs are exactly the right companies. The problem is that the capital funding them is still structured for extraction. The numbers don't lie. Total venture funding collapsed 69% from Q4 2021 to Q1 2025. Across every AngelList vintage from 2017-2024, the median fund returned less than $0.38 on the dollar. GP-led continuation vehicles exploded from $6B to $67B as fund managers found ways to sell assets to themselves rather than return capital. My partner James Thomason calls this the option premium problem. Installation-period speculation serves a real function: each startup is an option on a different configuration of the technology. The dot-com bubble built the infrastructure Amazon ran on. But venture capital's current architecture doesn't capture the option premium. It consumes it through fees and financial engineering. Reindustrialisation needs instruments designed for production, not speculation. Revenue-linked capital that pays investors from real performance. Permanent structures that don't expire before the technology matures. Governance that aligns stakeholders instead of creating zero-sum fights over liquidation proceeds. You can't build the deployment period with installation-period tools. The reindustrialists need reindustrialised capital. Full Venture Capital 2.0 edition link is in comments!

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Is the sweepstakes casino landscape as dynamic as people think? After months of in-depth analysis, I’ve built a rare market research report covering real player behavior, legal trends, and platform performance in the U.S. sweepstakes casino sector. This resource includes exclusive data on user demographics, mobile engagement rates, spend benchmarks, and compliance outlook—updated for 2025. Operators and investors interested in entering the market can access: Full game libraries covering social casino, fishing, and more Licensed solutions and legal navigation support Partnerships with ready-to-launch platform providers If you would like actionable insights and direct access to these resources, please reach out to me for the complete, proprietary report:  msingman@gmail.com. This is one you won’t find anywhere else. #SweepstakesCasino #MarketResearch #GamingIndustry #LegalCompliance #MobileGaming #PlayerInsights #PlatformSolutions #GamingInnovation #CasinoTech #InvestmentOpportunity

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Sofi re-enters Crypto with 25 tokens available to retail. Nice to see for the industry! Will Tradfi firms enter, forging a change to the landscape by offering tokens focused more on quality and utility vs quantity? https://lnkd.in/gN3TdwRn

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Project Sigma is designed to decentralize, disinternediate and democratize RWA tokenomics on an AI enabled digital platform markeplace with a native cryptocurrency. As a one stop shop single source solutions ecosystem, buyers and sellers will find MLS, CRM, POS, loan underwriring and finance on an atomic settlement basis ie simultaneous transfer of clear title and payment. We will be able to achieve the process in a cross border/multinational, multi lingual and multicurrency situations on a 24/7 and geography agnostic basis.

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