Co-Founder & General Partner at Lattice Fund
Check size: $250K–$1M from pre-seed through Series A, per Lattice's current official approach page. The firm says it invests globally, makes fast independent decisions and seeks non-consensus companies at their earliest stages.
Mike backs infrastructure, networks and applications that make money, markets and scarce resources more open. He originated Lattice's 2022 Token-Incentivized Physical Infrastructure Networks thesis and has since applied it to distributed energy, bandwidth, mobility and data. His broader lens favors open-source coordination, useful demand and real economic flows over closed networks or reflexive token speculation.
Use Lattice's public Pitch route or Mike's published mike@lattice.fund address. Lead with the non-consensus insight, founder-to-market fit and why an open network beats a closed incumbent. For DePIN, quantify supply acquisition, hardware/logistics, utilization, customer demand, unit economics and token unlocks. For tokens, show distribution, community quality and a path from incentives to sustained usage. Lattice explicitly invests $250K–$1M from pre-seed to Series A and says it decides independently.
Strong founder-to-market fit; non-consensus ideas at the earliest stage; networks with reliable infrastructure, monetizable output and clear end-user value; supply incentives that lead to organic demand; products that expand access to money or resources; resilient small teams; and founders who pair a long-term mission with rapid, empirical iteration.
Inferred from his published research and interviews: token incentives without durable demand, points or airdrops that attract mercenary users, inflated FDV and poor token distribution, DePIN projects unable to handle hardware or supply-chain realities, consumer apps without retention, redundant base-layer infrastructure, and teams whose market insight or founder-to-market fit is weak.
Model the end customer and monetizable output first, then show how temporary supply incentives accelerate an already credible demand loop.
Prefer founders whose operating history, domain access and learned insight make them unusually equipped to navigate a difficult market.
Test whether openness, permissionless participation and open-source compounding create structurally better access, price or innovation than a closed network.
Evaluate who receives tokens, why they stay, FDV and float, vesting and unlocks, and whether participation converts into usage rather than one-time extraction.
Compare a team with its vintage on product launch, live usage, follow-on capital and survival; capital raised alone is not evidence of a better outcome.
Seed outcomes reward shipping and follow-on execution rather than capital raised; DePIN shipped especially well, while many consumer and protocol-layer teams struggled to find usage or launch.
Tokenized home-equity exposure can give global investors simple access to a large, durable U.S. asset class while strong founder-to-market fit reduces execution risk.
Crypto-economic coordination can be redirected from consuming energy toward financing and producing renewable energy through a decentralized generation network.
A distributed energy network becomes more durable when it connects energy retailers, asset owners and consumers around real demand rather than relying only on token-subsidized supply.
Faster pull-based data delivery, new asset classes, multichain demand and shared security are eroding the incumbent oracle's market share and creating room for challengers.