I work out the structure before I pick a side. The model. The money. The rules. The tech. I like the moment in a room when the obvious option dies and a better one is still possible. That is the work I have loved since Lloyd’s.
Tyche.Black is the firm I wanted. An AI-native strategic design consultancy that also originates: we advise, and we take our fee in shares where we build beside a founder. Giulia Maresca and I are its two partners.
Insurance first. Aon, Willis, Howden, Lloyd’s. A human market. You either closed or you left. I closed.
Bayes, under Charles Baden-Fuller. How value is actually built, not how it is presented.
A country. A different possibility.
Then San Marino.
The Republic of San Marino
Parliament asked me to take Techno Science Park San Marino–Italia and turn it into something a country could use. I designed the Republic of San Marino Innovation Institute, built it, and ran it as Executive Chairman until 2020. In 2019 the Republic adopted the decrees we had drafted: digital assets first, then the high-technology framework. The institute became the body that certified real innovation — and with that certificate, the operating and tax benefits a company had to earn. VeChain signed first. Others followed. I represented the Republic with central banks, the EU and the OECD. That file is still the one I trust when the counterpart is a state, a board, or a room that has already decided the wrong thing.
After that, venture
A digital-asset research team that could build, and could not yet raise on their name alone. I designed a co-investment so little of their own capital had to go in. The fund raised and deployed. I stayed two years as venture partner, then sold my stake. Then I founded Public Pressure — Web3 music and culture — and raised for it, and chaired the Web3 Music Association the industry set up around that work.
I built the systems we use at the firm. I still like taking a problem apart more than I like announcing it.
Writing
Essays
Collecting. I will publish here when a piece is ready.