Source: email thread “Re: CiviChain Deal” (michael@ryevalley.co inbox, 2026-09-25) Contact: Alex (counter-party on Civichain secondary)
New development on the $250K Civichain secondary deal. Alex confirmed they forwarded the deal to the GP of Sweet Spot fund (described as an early-stage fund). This is the first concrete referral to a named fund since the deal stalled.
Context: As of 2026-09-18 meeting, the deal was stuck with Brandon (verbally interested, went silent 5+ days). Michael committed to a final push via crypto/angel fund outreach through founder intermediaries. This referral to Sweet Spot appears to be a result of that push.
Status: Awaiting response from Sweet Spot GP. Deal still open; monitor for response early next week.
Sep 27 update (email distiller): Brandon Hoffman (GP, Sunset Ventures) passed. Stated Sunset is fully deployed and not actively writing checks. Michael replied graciously (“No worries, thought it might be a fit but all good”). Sunset Ventures is now closed as a prospect for this deal.
Related: Houck / Emil Weekly