Investing in product-obsessed founders building across deep tech, AI, and finance.

California, USA
Joined October 2016
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Chapter One retweeted
What a day for @chapterone: 1. @warpsciences announced (AI/robotics to develop medicines faster in US) 2. Warhound announced (@colossal & @anduriltech powered dogs for military/law enforcement) 3. @goformic raised $50m to scale physical AI across the US We’re on one.
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Chapter One retweeted
Proud to be investors in Warhound @chapterone. Warhound is building a domestic supply of military working dogs and outfitting them with custom @anduriltech vests, goggles and sensors. @BenLamm excited to build with you.
TechCrunch
@TechCrunch3h
Warhound, the brain child of Ben Lamm and Palmer Luckey, emerges from stealth to genetically engineer dogs for military and law enforcement. spr.ly/6011BHZNMF
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Finally upgrading from group chat to cap table. Let's go @kevinweil
You guys are the best. So excited we finally get to work together—not just be on (incredible) WhatsApp groups together :)
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Chapter One retweeted
Our team @chapterone is excited to back @warpsciences & @kevinweil, @dpatil, @manohar_paluri. New medicines, made in America. That's the AI I'm excited about.
💥 Introducing Warp Sciences, a new company applying AI and robotics to help the world develop new medicines faster. We’ve raised a $215M Series A led by @lightspeedvp to bring frontier AI out of the browser and into the lab, and build scientific capacity here in America. I co-founded Warp with my long-time friend @dpatil, FAIR co-founder @manohar_paluri, and drug hunter Sol Reisberg. The early team is full of incredible people like @bkspears9, who helped achieve Q>1 fusion at LLNL.
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Chapter One retweeted
Formic raised $50M in Series B funding. 100+ facilities. 30+ states. 99.6% uptime. Now scaling physical AI onto real factory floors. read it in @axios - axios.com/pro/all-deals/2026…
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Chapter One retweeted
We’re proud to welcome Robinhood Ventures Fund I (NYSE: RVI) as an investor, and glad to have their retail investors with us as we scale our Bank for America’s innovation economy.
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Chapter One retweeted
today we're sharing @mercury crossed $1b/year in revenue i joined 5 years ago right as we hit $10M/year and ~20k customers - the curves looked exponential, product was beautiful and people were great so I jumped in. "A 10x is just a 3x 2x 2x" @immad told me a few times now we're powering >1 in 3 startups and defining the next era of business and personal banking through the software we build, agentic capabilities we empower, and new products in accounting/payroll/invoicing we're launching. just getting started!
immad
@immadOct 19
Excited to announce @Mercury crossing $1bn/yr in revenue and 450k customers. Just getting started!
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Chapter One retweeted
$1b in spend on the @ether_fi card, wild! I think this is one of the products that can bring crypto mainstream. The first $100M took almost a year. The last took 22 days. Grateful for our team and customers along the way, onwards! 🚀🚀 Fun facts: ether.fi/one-billion
It’s about to happen👀 Take your guesses when ↓
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Chapter One retweeted
One day soon people will wake up on @goformic & @samanfarid. Already deployed in 150+ factories & have made incredible progress over the years. We've been partners since 2020, and they were building in robotics & making progress before the hype.
Working with @physical_int, we are bringing general purpose robotics models into the places that need them most —- the factories that make things we all need and use. 150 factories using Formic robots and counting!
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Chapter One retweeted
It was fun spending some time talking about investing in @Mach_Industries and backing @ethanrthornton. One of the most underappreciated defense companies right now, and they’re in Southern California, which makes it personal for me. What’s public is a fraction of what’s coming.
30 days of Hard Tech: Day 7 🚀 Mach Industries with Jeff Morris Jr. (VC at Chapter One) Mach announced their Series C at a $3.7b valuation as they expand well beyond their original vertical takeoff strike drone, Viper "Ethan (founder of Mach) is a savant. He's 22 years old but when you're talking to him you feel like you're talking to someone who's been in the industry for 30 years." "You meet these special founders every so often in your career and you figure out a way to get in business with them" "It's not a secret that they have ambitions beyond pure defense... if you look at Mach as a hardware and manufacturing company, that opens up a lot of adjacent possibilities"
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30 days of Hard Tech: Day 7 🚀 Mach Industries with Jeff Morris Jr. (VC at Chapter One) Mach announced their Series C at a $3.7b valuation as they expand well beyond their original vertical takeoff strike drone, Viper "Ethan (founder of Mach) is a savant. He's 22 years old but when you're talking to him you feel like you're talking to someone who's been in the industry for 30 years." "You meet these special founders every so often in your career and you figure out a way to get in business with them" "It's not a secret that they have ambitions beyond pure defense... if you look at Mach as a hardware and manufacturing company, that opens up a lot of adjacent possibilities"
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Chapter One retweeted
actual footage of how the 1v1s between GI’s models and whatever Elon is cooking will go (yes these are our vision based models)
Elon Musk
@elonmuskOct 10
Replying to @teslayoda
We’re making interesting progress here. Digital Optimus can play about halfway through the Diablo campaign so far just by looking at the screen like a human. Skill at Counter-Strike and other fast games is good too. League is also in training. Goal is to generalize across all games.
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Chapter One retweeted
BULK is one of the fastest growing derivatives exchanges A 8% compounded daily growth, on avg $350k in net OI added per day since launch Global derivatives represent roughly $1 quadrillion in outstanding notional. At $100B+ in open interest, perps represent only around 0.01% of that scale In the last few months Perps have already demonstrated substantial demand and price discovery during non trading hours. As more of traditional finance catches on to perpetuals, I believe capturing more than 10% of the broader derivatives market over the next few years is possible But to get there, we (onchain) need the risk infrastructure that tradfi has spent decades developing: that allows institutions to manage complex portfolios. SPAN is part of that history. Used since 1988 across exchanges and clearing orgs worldwide, it puts portfolio risk and eligible hedge offsets at the centre of margining Cme's portfolio-margining programme alone averaged $8.4B in daily margin savings during 2025, with savings exceeding $10B per day at the beginning of 2026 That is billions of dollars in lower collateral requirements through better portfolio risk management In the next few years, there wont be a distinction between trad and defi. But if we want to make that happen, we have to do better We, as a industry should offer the beautiful features of blockchain to risk infrastructure built through decades That is the direction we believe onchain derivatives should take to grow: recognise useful hedges, charge for the risk that remains, and account for what it would cost to close positions under stress. Ultimately, that means helping traders use their capital more efficiently BULK brings that portfolio-risk philosophy onchain through its own margin model. A long BTC / short SOL portfolio can receive margin credit because the positions partially offset. The credit depends on sizing, correlations and risk conditions, while leverage constraints and closeout reserves remain in place We are so early, To bring the world of derivatives onchain, we need to learn, adapt and build a better system For us at BULK, the job is clear: build and share the best risk systems onchain, and shove it down tradfi's throat Over time, we want to bring that same margining philosophy to a broader set of instruments: swaps, forwards, options and other OTC derivatives, alongside interest-rate and FX futures and options Accelerating, tick by tick.
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Chapter One retweeted
Fastest growing bank in US history
Financial Times
@FTOct 6
Palmer Luckey’s Erebor surges to more than $7bn in deposits since launch ft.trib.al/nM9CSbn
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Chapter One retweeted
Financial Times
@FTOct 6
Palmer Luckey’s Erebor surges to more than $7bn in deposits since launch ft.trib.al/nM9CSbn
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Chapter One retweeted
I'm dedicating the next phase of my investing career to building the deep tech ecosystem in Los Angeles. Last week I interviewed three @chapterone founders leading it: @rsgharat - bohrsystems.us @tfeldmann - @DurinMining Ankit Ukil - Alfred Legends in the making.
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Somewhere in this photo is a future unicorn founder holding a paper plate of brisket.
Friday night “Brisket & Beers” in Gundo. Craziest part is how many people fly in from all over the world. Met an operator from Germany building a manufacturing co. Big crew in from New York. People want to be part of this.
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Chapter One retweeted
Excited to co-host a GP/LP poker night with @RackhouseVC and @Theoryvc in SF on Oct 21st ♠️♥️♣️♦️ DM us for an invite! cc: @jmj @SpencerFarrar @novakkm @brendanbaker
🤖 Made with AI
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Chapter One retweeted
This is a good explanation of what we do at @gen_intuition, and why it’ll be a big unlock. We train general agents who are great at pixels to actions, partially using world models as a way to scale data and capabilities. If you’re interested in joining us, reach out!
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What happens in IC doesn't stay in IC.
Notes from Investment Committee (October 1, 2026) Two weeks of IC @chapterone: why VC has a long memory, robot geese, and how we ended up one degree from the Pope. Welcome to IC...
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