Family office · In formation
We only buy whatwe intend to keep.
Danial Ventures is a family office in formation. The two positions below are real and already held. What does not exist yet is the structure around them, and we would rather build the thing worth holding first and the institution second.
Thesis
We build a business, and keep what it earns in sound money.
That is the whole shape of it. KodeData is the work, and Bitcoin is where the proceeds go: fixed in supply, held directly, and on no one else's balance sheet. We think that will still be true in twenty years, which is the only timeframe we are really interested in.
A thesis that has to be rewritten every quarter was never a thesis. So we do not trade around ours, and we do not expect it to change.
Positions
Three held · Personally, for now
01 · Operating business · Not yet incorporated
KodeData
Software for Indonesia's financial industry: a collection platform sold by the seat, and the voice infrastructure beneath it, built to banking-grade standards and run by us.
Billing every month, first order signed, and not yet a company on paper. It is not an investment we made. It is the business the capital comes from, and the reason there is anything to hold at all.
02 · Digital assets · Held personally
Bitcoin
Where the proceeds go. Held in a personal portfolio rather than by the office, for the simple reason that the office does not exist yet. Bought to keep rather than to trade, with no price we would sell at and no exit in mind.
03 · Speculative · Ring-fenced, sized to zero
Pump.fun
Fees charged on other people’s speculation, half of them spent buying back the supply. Unlike the two above, this one is held for a cycle rather than kept, and the revenue is the cycle: it ends when the cycle does. Sized so that zero would change nothing, and funded from income, never from the positions above.