Web3 / Immersive Events
Tech DD for a VC investing in a Web3 immersive events platform
A VC needed a clear read on a target pivoting from 3D modelling into Web3 events. We assessed team, defensibility and the engineering reality of building immersive worlds at scale.
- Client
- Venture Capital firm
- Service
- Technology Due Diligence
- Stage
- Pre-deal
01
The challenge
- —Pivot from 3D modelling to live online events — unproven model
- —Heavy GPU and infrastructure requirements
- —Unclear competitive moat in a fast-moving Web3 space
- —Team capability uncertain at scale
02
Our approach
01
Assess
Mapped the value proposition and how technology actually drives it, against the VC's investment assumptions.
02
Challenge
Pressure-tested management's ML model, technology decisions and prioritisation logic.
03
Transform
Evaluated upside in the wider Web3 ecosystem and the team's ability to capture it.
03
Outcomes
- ✓Team: promising but inexperienced — recommended senior hires to de-risk scale
- ✓Defensibility: short window of advantage; widening as feature depth grows
- ✓Technology: GPU sourcing was real but addressable via Nvidia/Dell partnerships
- ✓Investor proceeded with eyes open and a defined remediation list
Takeaway
"In emerging-tech deals, defensibility is a moving target. Investors need a view on how fast the moat is widening — not just whether one exists today."
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