Chapter One built its pitch around a useful provocation: venture capital should behave like a product, not a velvet rope. The former Tinder operators behind it are betting that product judgment can still create an edge when money itself has become abundant.
Andreessen Horowitz did not become a $100 billion venture firm by treating a check as the finished product. Its real wager is that founders will choose the investor with the strongest machine behind the money.
Bruno Caratori is the co-founder and Global CEO of Hashdex, one of the world's leading regulated crypto asset managers. A Brazilian electrical engineer turned financial technologist, he helped build Hashdex from a 2018 startup into a firm operating across eight countries with regulated crypto investment products including Bitcoin and Ethereum ETFs. He was named Global CEO in March 2026 after years as COO, having earlier worked in investment risk at Gavea Investimentos and led product at the education network Edmodo.