I. The Core Insight
The Printing Press transferred power from the Church to the State. The Microprocessor transferred power from institutions to individuals. Bitcoin transferred power from closed networks to open networks. At each inflection point, the magnitude of the shift was invisible to contemporaries and obvious only in retrospect.
M31 Capital exists to identify these inflection points before consensus forms. Our edge is not superior intelligence or information—it is systematic contrarian analysis applied to paradigm shifts at the intersection of technology, finance, and human coordination.
II. The Suppression Signal
Our research demonstrates a counterintuitive pattern: the intensity of establishment opposition correlates with the magnitude of investment opportunity. When central banks attack Bitcoin, when pharma lobbies against psychedelics, when defense primes dismiss software startups—these are not warning signs to avoid. They are signals to investigate.
Incumbents with billions at stake invest heavily in understanding competitive threats. When they mobilize opposition—lobbying, negative PR, regulatory capture—they reveal private information about the threat's legitimacy. They don't waste resources opposing things that don't work.
Our Principles
- High Curiosity — Obsessively asking how the world really works
- Pattern Recognition — Studying historical parallels and reasoning from first principles
- Trait Openness — Actively engaging with nontraditional, even heretical, ideas
- Contrarian Truth-Seeking — Pursuing accuracy over popularity
- Anti-Authoritarian — Investing in technologies that maximize individual sovereignty
III. The Investment Framework
We score paradigm shifts across seven criteria: Suppression Signal, Scientific Unlock, Political Timing, Historical Pattern Match, Total Addressable Market, Investability, and Timing. Each criterion has specific evidence requirements and scoring methodology developed through 15 years of application.
The sweet spot for M31 investment is technology readiness Phase 2.5-3.5: "works but doesn't work well." Before Phase 2.5, technology risk dominates. After Phase 3.5, consensus has formed and alpha has compressed. We seek the messy middle where working technology meets maximum skepticism.
IV. What We Seek
We back founders building technologies that fundamentally shift power structures and expand human freedom. We invest where genuine breakthroughs create new leverage—moving systems from closed-door to verifiable, from centralized to permissionless, and from constrained to scalable.
V. Conclusion
The greatest investments of our era will come from paradigm shifts that are currently dismissed, ridiculed, or actively suppressed. Our job is to identify which suppressed technologies actually work, understand the timeline for suppression to lift, and position capital accordingly.
This is not contrarianism for its own sake. It is systematic pattern recognition applied to the intersection of technology and power. The patterns are clear to those who look. The question is whether you have the conviction to act on them.