Placeholder

Placeholder is a capital partnership founded in 2017 by Joel Monegro, Chris Burniske, and Brad Burnham, based in New York City. It invests in decentralized information networks, backed by prominent investment firms including Andreessen Horowitz, ARK Invest, and Union Square Ventures. The firm has made over 75 early-stage investments in companies and networks, including Solana, Ethereum, Celestia, Monad, Aleo, Backpack, Jito, and zkSync, combining traditional venture capital structures with public market investing practices for liquid crypto assets. Placeholder's investment thesis centers on decentralized networks and protocols reshaping internet infrastructure, favoring projects with strong technical foundations and visionary teams. Its approach emphasizes long-term holding periods over short-term trading, along with active research contributions to network governance, tokenomics, and market structure design.