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Welcome to the best of the Altea Community.
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Table of Contents
👋 New Members
Welcome to the 20 new members this week 👋
A few notable members..
🇲🇬 Thomas Ottosen is the Danish-born founder of Madagascar Invest, (and our first-ever Altea member from Madagascar!)
He helps outside investors access one of the world’s true frontier markets across real estate, farmland, crypto, and emerging-market plays.
🏠 Gene Eidelman is the LA-based co-founder of Azure Printed Homes, which 3D-prints studios, ADUs, and homes from recycled plastic.
It’s an alternative take on real estate. Built faster and greener than traditional construction.
🎩 Ben Simon is a Private Wealth Advisor at Goldman Sachs, based in Boston and working with families and non-profits across the country.
Outside the day job, he’s drawn to the alternative end of the spectrum — startups and VC, collectibles and luxury, and classic cars.
🇸🇬 Thomas Edwardson is building N51 out of Singapore — an investment platform designed to align investors’ interests with the performance of the underlying asset, whether through traditional structures or, where permitted, on-chain security tokens.
🆕 New Newsletter: Introducing Collateral
Our new newsletter on modern private lending is live.
We’re calling it Collateral. Read the first issue.
The idea is simple: Private credit has become one of the most interesting places to deploy capital, yet one of the most boringly covered.
That’s not our style. We’ll explore the fascinating avenues of modern lending, and the unique pieces of collateral backing them:
- 🧾 Receivables
- ✈️ Aircraft lending
- 🔬 R&D tax credits
- 🎬 Film bridge loans
- ⚖️ Litigation financing
- 🎣 Fishing quotas/rights
- 💧 Water/airspace rights
- 🎰 Liquor/gaming licenses
- 🤳 Creator/influencer loans
- 🚜 Equipment/vehicle loans
- 📡 Spectrum/frequency licenses
- 🏛️ Government progress receivables
If you’re curious about any of these, then this fortnightly newsletter is for you.
Want this in your inbox?
Add Private Credit to your preferences ✅
🙋 What’s your name?
If I didn’t address you by name at the start of this email, I’d love to fix that.
Just go to Account Settings:
💬 New Discussions
Is there a “film finance” model for video games?
GTA 6‘s record-breaking launch got the WhatsApp Space debating whether our film-bridge-lending playbook has a video-game equivalent.
Adrian Boeckeler asked the question — and two members who work in games answered.
“A few funds are now doing film style financing for individual projects rather than taking studio equity, but it’s very small right now and unproven.” — Shidan Gouran
“I knew a few funds that focus on picking out hit games with lots of validation that will launch within 6 months and they fund their marketing. It’s quite simple with high recruitment share or completely first to recoup followed by a % of game sales.” — Erik Kovac
The case for investing in existing IP
Chez Spigelman opened up a thesis on why proven IP is the safest bet in a world of infinite AI-generated video.
“IP is central, no matter how good AI gets. The Thaler cases establish that copyright… and patent… cannot inure in AI creators. Then rights flow from human creativity only, in every major jurisdiction.” — Christopher Beckman
“My main hesitation is supply. Small IP holders rarely want to sell, so sourcing is the hard part.
And it’s rarely because they don’t understand a DCF. Plenty of them see exactly what AI unlocks right now and salivate at what they can suddenly do with their own work. “We are all gods now, etc.”
That goes double for creators, who tend to be the most attached to what they’ve built. — Stefan
Music investors are worrying about the wrong stuff
Lisa agrees with Chez that AI is creating substitution risk in the world of sync licensing
“AI is creating meaningful substitution risk across lower-cost sync and functional background music. But the larger issue is… whether human creators participate fairly in the value AI produces.” — Lisa Farris, CMO at Soundtrack
You wired the money. Now what?
Nathan Brantley introduced himself with the problem of the post-investment black hole
He’s building a platform force update cadence, channel investor support, and surface re-up interest for founders. It drew a sharp, experienced crowd.
“Having invested across the main Reg CF platforms (Start Engine/ Republic/ Wefunder etc), if you’re lucky, a few would update at least once or twice a year.
Otherwise I write in directly to them on Linkedin or email. And yes, all tracked on a massive spreadsheet!” — Peter Ng
Slow Ventures’ Creator Fund
Sally Hodges flagged Slow Ventures’ creator fund — and gave an honest read on where it fits.
“it is still a standard VC / Startup play – just with founders who already have an audience… Still think they’re great but not very ‘Alt’.” — Sally Hodges
🙏 Asks & Offers
Reg A / Reg CF founder intros
Alts writer Brian Flaherty is starting a newsletter that profiles companies raising through Reg A and Reg CF portals, and is looking for intros to founders raising in that space — brief interviews, easy on the founder’s end.
Read Brian’s ask. (And keep an eye out for his Alts issue this Sunday!)
🤝 New Public Deal
🧬 IntoDNA: SAFE opportunity
Member Pawel Janowski shared a SAFE round for IntoDNA, which has built DNA-repair recognition technology aimed at matching cancer patients to the most effective precision therapy.
Terms are attached on the post, and he’s happy to connect interested members with the founders.
Disclosure: a member-shared raise. Pawel advises the company. Not an Altea SPV or vetted offering.
🥂 Altea Events
🦞 Boston Dinner: 2 spots left (Sep 14)
Four-course meal + fine wine.
Stefan forgot to include chowder on the menu. I’ll try to fix that.
Come hungry, leave full (of investing ideas).
- Date: Monday, September 14, 2026
- Time: 6:00–9:00pm
- Location: We’ll be at Mamma Maria in the North End.
- Price: Free for Altea Paid members · $50 for everyone else (includes all food & drinks)
- CAPACITY: 16 ppl
14 SPOTS TAKEN | 2 SPOTS LEFT
🎬 Brooklyn Private Film Screening (Sep 15)
One of the most unique meetups we have ever done.
We cannot wait for this one.
Twenty three spots taken. Nine spots left.
On Sep 15, we’re taking over Nitehawk cinema in Williamsburg, watching an actual film that Launch has funded:The Dutchman (2026)
📍 Details
- Date: Tuesday, September 15, 2026
- Time: 4:30pm – 9:00pm ET
- Location: Nitehawk Cinema Williamsburg, 136 Metropolitan Ave, Brooklyn
- Capacity: Hard limit of 32 ppl
- Price: Free for Altea Paid members. $99 for everyone else. Includes film + all food and drinks.
23 SPOTS TAKEN | 9 SPOTS LEFT
🎬 LA: Creative Financing in the Creator Economy (Oct 6)
Exciting venue to be announced next week! This is going to be epic.
Includes drinks, bites, and three of the most unique private financiers in the creator economy.
18 spots taken. Maybe 2-5 spots left.
We’re bringing some of the most active lenders and investors in the creator economy:
📍 Details
- Date: Tuesday, October 6, 2026
- Time: Late afternoon into the evening (exact timing to come)
- Location: Los Angeles — venue being finalized (exact address to confirmed guests)
- Price: Free for paying Altea members, $50 for guests and everyone else. Includes catered food & drinks.
- Capacity: 20-23 people max
18 SPOTS TAKEN | ~2-5 SPOTS LEaFT
That’s it for today!
See you next week, Wyatt & Stefan
