Every successful company eventually accumulates a little bit of rolo.
Former employees, dormant angels. early investors. early funds nearing the end of their lives…
I call this ROLO: Recurring Opportunities in Legacy Ownership.
We just raised $7.5M to build the infrastructure for identity and fraud.
The round is backed by @ycombinator, Orange Collective, Rebel Fund, Pioneer Fund, and other incredible VCs and angels.
AI is making fraud incredibly cheap to create: fake identities, fake businesses, fake transactions, all generated at internet scale. We believe every app will soon need trust infrastructure the same way apps today rely on payments or cloud hosting.
The future of the internet is verified. Didit (@getdidit) is building it.
someday soon something smarter than the smartest person you know will be running on a device in your pocket, helping you with whatever you want.
this is a very remarkable thing.
Top advantages to being a first mover:
- No roadmap
- Tiny market
- Customers aren’t sure
- Limited legitimacy
- Never budgeted
- VCs don’t get it
- Many VPs don’t get it
- Tiny TAM at first
- Seems minor to many
- Why wasn’t it already done if it’s so important
It’s great