I am voting in favour of this proposal.
For context, I was elected to the AGV Council in December 2025 and onboarded in January 2026, so I have had the opportunity to observe the program’s operations and due diligence process from the inside, albeit for a relatively short period.
It is understandable to feel a sense of loss when an initiative of this scale and ambition has to be scoped down, particularly given the energy, time, and involvement that many people have poured into it, from both the AGV team, OCL people, Foundation members and even delegates.
That said, I believe this is the right call. The consumer and gaming verticals that AGV was built around were a natural fit for the previous iteration of Arbitrum as an ecosystem. As the DAO’s strategic direction has become more business-oriented, the original thesis no longer aligns cleanly with current priorities. I want to be clear: i don’t think it was wrong, just, the the industry itself has shifted, and the ecosystem’s mission and vision have evolved accordingly.
None of this diminishes the quality of the work done. The AGV team operated with a level of rigour and discipline that I had the honour to witness first-hand. The due diligence conducted by Rick, Dan, and Michael, together with Tammy’s support on the legal side, was extremely deep and profound, more than what you would have expected from the outside. Despite the fact that this would have been the year of the fund’s most significant capital deployment, the pipeline already contains several highly promising opportunities that are a reflection of this process and of the overall team’s judgment. My time working alongside them, while brief, was both a pleasure and also a learning experience.
I am glad that the proposal can retain some of this talent, albeit in a reduced capacity, to manage the existing portfolio and evaluate follow-on investments (for people unaware, this is the norm in venture environments). It’s also the right approach: we want to maximise the chances of generating meaningful returns, potentially multiples of what has been deployed, and continuing to support the winners in the portfolio is the best way to do that. AGV current team is the one that has the best knowledge to select these winners.
As a closing note, while I do support the wind-down, it would have been fascinating to see where the fund stood eighteen months from now. The overarching alignment of ecosystem entities to a coherent mission that is consistent in its strategy and execution plan matters more than any single program or any secondary goal. Crypto changed, Arbitrum’s priorities changed with it, and this proposal is effectively a consequence of this.
On a personal note, I want to thank Dan, Rick, Michael, and Tammy, as well as my council colleagues John, Tim, and David, for making my tenure an experience that, even if brief, was well worth undertaking. The AGV team was able to assemble a pack of people that are not only extremely competent, but also wonderful human beings. This is not a given, and I am thankful for that.