Venture is full of index investors writing small checks with low conviction. Founders deserve better.
We make fewer bets with deeper conviction. Every investment starts with first-principles research into the market — not pattern matching, not herd following. The result is a concentrated portfolio where every founder gets our full attention, not a line item in a spreadsheet.
Logan Jastremski is Co-Founder and Managing Partner of Frictionless. Previously, Logan led Product for Tesla’s Supercharging Digital Experience Team. Post Tesla, Logan extensively focused on Web3 scalability from first-principles and hosting weekly podcast with the top technical and investing minds within the Industry.
Diego Perez de Ayala is Co-Founder and Managing Partner of Frictionless. Previously, Diego worked at FTX USA and in investment banking where he advised on ~$15 billion in transactions for clients such as KKR, Blackstone, and CPPIB. Most recently, Diego has been working with founders at the ecosystem level of various high-throughput blockchains and applying a first-principles approach to investing.
Michael is a Principal at Frictionless. Previously, Michael worked at Invesco Private Capital ($4.5 billion FoF), where he led or co-led $123M+ of investments across crypto and early-stage venture companies/funds. Prior to venture investing, he played a pivotal role in Invesco’s technology organizations, helping to advance the development of AI and enterprise platforms. Now, Michael works with early-stage founders to transform groundbreaking ideas into world-class products.