◈ Transmitting from the frontier ◈

Alter
Realities

Investing in founders who bend reality. AI agents, on-chain capital, augmented perception, embodied intelligence.

"The doors of perception, once cleansed, reveal an infinite frontier."

14

Companies

2

Exits

4

Thesis Areas

What We Believe

The most important technologies expand what a single person can do, perceive, and own.

01

Agents Over Apps

Software that acts on your behalf — reasoning, executing, adapting — will replace software you operate. We invest in the agentic stack: orchestration, execution, and trust infrastructure.

02

Capital Autonomy

Crypto is programmable coordination. On-chain rails, confidential compute, and attention markets create new primitives for how value moves. We back infrastructure that makes capital self-sovereign.

03

Augmented Perception

Brain-computer interfaces, creative AI, futuristic eyewear. Technologies that expand human sensory and cognitive bandwidth. The next platform isn't a screen — it's an extension of the self.

04

Evangelions for IRL

Embodied AI, robotics, physical-world automation. The smallest teams with the most leverage — building one-person civilizations. We believe in the unreasonable ambition of young founders.

Why AlterRealities

Not a check writer. An operator who invests.

Every investment is informed by building two companies from zero — one to a $2.58B TGE, one shipping now with 160K+ on the waitlist.

Builder's Lens

I evaluate products the way I build them. I know what a 3-person team can ship in 6 months because I've done it. My diligence is technical, not just financial.

Network as Utility

Deep relationships across AI and crypto — from Sequoia-backed frontier labs to Solana core teams. I make introductions that change trajectories, not just cap tables.

Young Founders First

First exit at 25. I believe in young founders more than they believe in themselves. The best ideas come from people who don't yet know what's "impossible."

Journey

Building & Investing Since 2020

2020
NYU Stern '20
Joined ByteDance
2022
Co-founded Mirror World
→ Sonic SVM
2024
Series A · $12M
First angel investments
2025
Sonic TGE · $2.58B FDV
Founded Donut Labs
2026
Donut · $22M raised
AlterRealities · 14 cos
Co-Invested With

In Good Company

Our portfolio companies are backed by some of the best in the world.

Sequoia Capital
a16z
Nvidia
Hack VC
BITKRAFT
Galaxy Interactive
OKX Ventures
Redpoint Ventures
Coinbase Ventures
YZi Labs (Binance)
Sky9 Capital
Makers Fund
Greenfield Capital
CRV
First Round Capital
Salesforce Ventures
CZ
Founder

Chris Zhu

CEO of Donut Labs · Co-Founder of Sonic SVM · Angel Investor

Consecutive entrepreneur. First exit at 25. Currently shipping Donut, the first agentic crypto browser, and co-founded Sonic SVM, the Attention Network on Solana.

Before that: co-founded Mirror World, built application layers at ByteDance. NYU Stern '20.

I believe in young founders more than they believe in themselves. AlterRealities is how I put capital behind that conviction.

Expand Human Agency
Seed / Angel
$100K – $1M
Operator-Investor
Portfolio

The Roster

Building something
that bends reality?

If you're a founder working at the frontier — I want to hear from you.

Or email directly: chris@alterrealities.co