Morph Capital

In 2007, I was working as a junior trader at Lehman Brothers. I hated it - the dehumanizing culture, lack of creativity, and singular focus on transactions and money left me feeling uninspired and lost. I didn’t know it then, but Lehman’s bankruptcy in ‘08 was a gift, and I left in search of a calling. I spent a few years meandering - writing, working odd jobs, grad school in Hong Kong - ultimately ending up back in NYC in 2009, having stumbled upon a young, passionate group of misfits that folks were calling “founders.” These founders felt more like artists than assets, more obsessives than executives. They were avant garde, they were building the things they wanted to see in the world, and to my surprise, people called venture capitalists gave them money to pursue their dreams. I was in love with their fringe eccentricity, extraordinary craftsmanship, and wild ambition. I was in love with the beautiful new works of art they called startups. For the next 15 years, I dedicated my life to working with founders – first at betaworks, and then over three funds at Notation with my partner Alex Lines. A lot has changed. The venture ecosystem went from cottage industry outsider to institutional insider – from a nascent practice to a consensus component of institutional portfolios. The result has been the industrialization–and bankerization–of venture. Firms that make dozens or even hundreds of investments per year, relentlessly focused on assets under management, using the same copy-paste transactional language, all drowning in a sea of sameness. Similarly, what was once a risky leap of faith has become a credentialing factory: accelerators churn out 1,000s of startups per year and fundraising rounds are the new requisite bullets in Linkedin resumes. The environment today feels eerily similar to the one I left on Wall Street so many years ago. Into the Asylum I’ve always believed the best early-stage founders are artists – they're obsessive about new and unusual things, they feel compelled to bring creation into the world, and they are often misunderstood for long periods of time–even lifetimes. Building businesses is their art. The good news is that as the new “banks” in venture continue to expand their tentacles, they also enable new alternatives. What if we treated founders like artists, instead of like assets? We plan to spend the next decade trying to answer this question. We think it means: A firm that’s small by design, that makes a handful of investments per year, and that eschews board seats and administrative control. A small team of partners moving mountains to help when asked and otherwise getting out of the way. A place for founders to tune out the noise and focus on making something truly great. A source of calm, trust, and support for founders who are manifesting beauty through one of the hardest things you can do: starting a company. The path forward We believe there are exceptional founders who, like us, want to win their own way, who want to work with VCs who care more about them and their companies than assets under management. If this sounds appealing to you, please get in touch. Whether you're a founder or in between things, we’d love for you to come visit us at our studio in Brooklyn. And if you would like to join a small team dedicated to the art of venture rather than the business of banking, contact us at hiring@asylum.vc.

Where visionary founders meet strategic capital. Initio Capital combines venture building expertise with strategic capital access, empowering founders to build, launch, and scale with confidence. Building a Startup Shouldn't Be This Hard Most founders face the same painful challenges that drain time, money, and energy - keeping them from focusing on what really matters: building their product and serving customers. 💸 Giving Up Too Much Equity Traditional funding forces founders to give up 20-40% equity early, losing control of their vision and future decisions. ⏰ Wasting Time on Non-Core Tasks Founders spend 70% of their time on operations, legal setup, hiring, and admin instead of product development and customer acquisition. 🏝️ Building in Isolation Without proper guidance and network, founders make costly mistakes that could be avoided with the right mentorship and community support. Everything You Need to Scale Without Giving Up Control Initio Capital provides continuous support, non-dilutive capital, and a proven operator network - all designed to help you build, launch, and scale faster while maintaining ownership. Non-Dilutive Capital First Access grants, revenue-based financing, and 0% interest credit lines before considering equity - preserving your ownership and control. Done-For-You Operations Our team handles automation, sales, hiring, finance, and product development - so you can focus on strategy and growth. Elite Founder Network Join a curated community of serious founders, proven operators, and 6,000+ investors - all committed to your success.

A global track record of supporting founders throughout the lifecycle From day zero through all the stages of growth, we support our founders through our platform. We have backed entrepreneurs from series seed to IPO on all continents. Global. We support founders in all geographies. Stage agnostic. We back companies across all stages and throughout the lifecycle. Operational. Our platform offers founders all the support they need to scale.

Exceptional early talent is the greatest leading indicator of a company’s potential. Since 2017 our partners have backed or founded companies with over $1B of enterprise value. We’ve taken companies from napkin sketches to thriving businesses, hired world-class talent and raised capital from top-tier investors. From these experiences, we’ve learned how to identify great talent early, allowing us to lean in well before data, revenue, and sometimes even a deck. We lead pre-seed rounds in founders who:Are magnets for top-tier talent Have the clear, pragmatic vision needed to build a world-changing company, and Are a ton of fun to be around We blend the network of a top-tier fund with the value-add of your most impactful angel. We tailor founder support to optimize for impact. We can be high touch, high energy, or write a check and get out of the way.

We don’t just say we invest Pre-Seed. We’re a $300M fund focused on pre-seed, pre-traction, pre-everything. We don’t focus on what can go wrong. We look for what can go right. Just like you, we’re risk-takers - not risk-mitigators. All-in with you! We play to win. We don’t tell you something’s awesome just to be nice. We have your back and ask the tough questions. Think of us as your SWAT team. We don’t mind if your idea is raw. We’re product people who see your vision. Bring on the sushi-grade. We don’t wait 'til Monday morning. We work fast to make our decisions. We’re founders too - and waiting is the worst.

Blue Omingmak est une société spécialisée dans l’accompagnement à la levée de fonds de start-up au stade de l’amorçage en région Grand Est. Sur un marché très médiatisé mais en réalité mal connu et très éclectique, notre expérience de plus de vingt ans nous a permis de bâtir une approche pragmatique et robuste, qui revient à l’essentiel. Start and Invest© est le nom de cette méthodologie et celui de la boîte à outils dont nous l’avons enrichie.