Cohort 01 / Application window open/Q3 2026

Build in
the Bear.

Cuscuton is a bear market web3 accelerator by the team behind Graviton. We are assembling a $250K capital pool from small cheques to back five obsessive teams shipping in the quietest, most productive part of the cycle.

Fund Size
$250K
Small cheques, focused pool
Cohort
5 Teams
High signal only
Program
12 Weeks
Remote, intense, private
Previous
Graviton
10+ portfolio wins
COHORT 01 OPEN // BEAR MARKET FUND $250K // BUILT BY GRAVITON // FIVE TEAMS ONLY // HASHKEY / 369 / MOONROCK LP NETWORK // APPLICATIONS ROLLING // COHORT 01 OPEN // BEAR MARKET FUND $250K // BUILT BY GRAVITON // FIVE TEAMS ONLY // HASHKEY / 369 / MOONROCK LP NETWORK // APPLICATIONS ROLLING // COHORT 01 OPEN // BEAR MARKET FUND $250K // BUILT BY GRAVITON // FIVE TEAMS ONLY // HASHKEY / 369 / MOONROCK LP NETWORK // APPLICATIONS ROLLING // COHORT 01 OPEN // BEAR MARKET FUND $250K // BUILT BY GRAVITON // FIVE TEAMS ONLY // HASHKEY / 369 / MOONROCK LP NETWORK // APPLICATIONS ROLLING // COHORT 01 OPEN // BEAR MARKET FUND $250K // BUILT BY GRAVITON // FIVE TEAMS ONLY // HASHKEY / 369 / MOONROCK LP NETWORK // APPLICATIONS ROLLING // COHORT 01 OPEN // BEAR MARKET FUND $250K // BUILT BY GRAVITON // FIVE TEAMS ONLY // HASHKEY / 369 / MOONROCK LP NETWORK // APPLICATIONS ROLLING // COHORT 01 OPEN // BEAR MARKET FUND $250K // BUILT BY GRAVITON // FIVE TEAMS ONLY // HASHKEY / 369 / MOONROCK LP NETWORK // APPLICATIONS ROLLING // COHORT 01 OPEN // BEAR MARKET FUND $250K // BUILT BY GRAVITON // FIVE TEAMS ONLY // HASHKEY / 369 / MOONROCK LP NETWORK // APPLICATIONS ROLLING //
01Field Notes

After the graviton, the cuscuton.

In modified gravity theory, the cuscuton is a peculiar scalar field. It carries no propagating degrees of freedom of its own, yet it constrains the geometry of spacetime with infinite sound speed. It is causally instantaneous. It is a boundary condition wearing the mask of a particle.

Graviton was the mediator. It carried force through the last cycle, through eight teams, four exits, and the network of funds that now sit at the LP table with us. Cuscuton is the constraint. It is the shape we press onto the next cycle, not the force that moves through it.

A bear market is a boundary condition. Prices compress. Attention thins. Only teams with real conviction remain in the arena. Our job is to be the constraint that keeps them upright while the market decides what the next primitive will be.

obs. fieldcscn-01
c_s = infinitetracking
Non-dynamical
We do not propagate hype. We constrain the shape teams grow into.
Instantaneous
Founders talk to a partner the day they apply, not the quarter they close.
Boundary layer
We work at the edge where builders meet the funds that decide the next cycle.
02Why Cuscuton after Graviton

The team is back. The cycle is different.

Graviton Web3 Accelerator ran through the last bull. We shipped cohorts, ran demo days at Token2049 and ETHGlobal, and stood alongside teams that are now defining their categories: Spydra in enterprise onchain infrastructure, Fetcch.xyz in payments abstraction, Zoth.io in institutional RWA. The names ended up on the LP rosters of HashKey, 369, Moonrock, and the funds that most emerging managers spend a fund cycle trying to reach.

Cuscuton is the same operators, deliberately reshaped for the bear. We are not trying to run the Graviton playbook again. The Graviton playbook was built for a market with too much liquidity and too little discipline. This one is built for the opposite.

We are raising a $250K capital pool in small cheques from angels, operators, and friendly funds. Every dollar is deployed into five teams. No SPVs stacked around a hot round. No index of forty. Five founders. Twelve weeks. One high-signal check.

Graviton
Bull cycle
Cuscuton
Bear cycle
Playbook
Discovery & attention
Playbook
Distribution & durability
Cohort
20+ teams
Cohort
5 teams
Cheque
Broad, follow-on heavy
Cheque
Focused, conviction only
Fig. 02.1 // Graviton state vector vs Cuscuton constraint vector
03Investment Thesis

Four beats we are writing cheques against.

IBeat

Bear markets pick the primitives

The last bear gave us restaking, intents, and account abstraction. Real primitives get built when the mercenary founders have already left the room. We are here to fund the ones who stay.

IIBeat

Small cheques, sharp conviction

A $250K pool deployed into five teams changes the shape of a $50K cheque. It is not a fund index. It is a seat at the earliest table with a partner who has run the playbook before.

IIIBeat

Graviton network as gravity well

Every team we back plugs into the same LP and fund network we spent Graviton building. HashKey, 369, Moonrock, Woodstock, IOSG, Polygon Ventures. Warm intros only.

IVBeat

Distribution before token

We index on teams shipping products before tokens. Payments, RWA, enterprise infra, consumer wallets. Categories where the next cycle will demand real user pull, not just an incentive curve.

Fund network / Legacy from Graviton
Companies we backed reached these tables.
[LP + syndicate rolodex]
HashKey Capital369 CapitalMoonrock CapitalWoodstock FundKeneticGBV CapitalMomentum6Polygon VenturesCoingecko VenturesIOSGHashKey Capital369 CapitalMoonrock CapitalWoodstock FundKeneticGBV CapitalMomentum6Polygon VenturesCoingecko VenturesIOSG
04Portfolio / Graviton

Teams from the last cohort still shipping.

SP
Spydra
Enterprise onchain infra
FE
Fetcch.xyz
Payments abstraction
ZO
Zoth.io
Institutional RWA
RO
Router Protocol
Cross-chain rails
0X
0xPPL
Onchain social
TI
Timeswap
Oracleless lending
AM
Ambire
Smart wallet
CO
Composable
Interop stack
SA
Salsa
Restaking ops
ON
Onefinity
Consumer wallets
SP
Spydra
Enterprise onchain infra
FE
Fetcch.xyz
Payments abstraction
ZO
Zoth.io
Institutional RWA
RO
Router Protocol
Cross-chain rails
0X
0xPPL
Onchain social
TI
Timeswap
Oracleless lending
AM
Ambire
Smart wallet
CO
Composable
Interop stack
SA
Salsa
Restaking ops
ON
Onefinity
Consumer wallets

Ten teams. Four categories. The pattern that repeats across every winner is founder obsession with a real user problem, and a distribution wedge that does not require a token to prove itself.

05Operators

The Graviton team, back with Cuscuton.

Shomprakash Sinha Roy
Shomprakash Sinha Roy
a.k.a. Shawm / Managing Partner

Shawm was the Accelerator Lead and CMO at Graviton Web3 Accelerator. He ran the program end to end: sourcing, cohort ops, demo day, and the LP conversations that closed rounds into HashKey, 369, and Moonrock. He is the person founders in the network call at 2am before they send a term sheet.

Before and around Graviton he has been embedded on the growth and go-to-market side of teams that now sit at the top of their categories: Spydra on enterprise onchain infrastructure, Fetcch.xyz on payments abstraction, Zoth.io on institutional RWA. He has written narrative for products before they had a website, then watched those products carry the narrative onto onchain rails a year later.

With Cuscuton he is stepping back from the cohort-of-thirty model on purpose. Five teams. Twelve weeks. One partner in the room who has done this before.

On camera / field log
06The Pod

Shawm in convo with web3 founders.

Series 01 / Zo House, Whitefield
The Pod
Press play / no ads / full playlist
Signal / idle
Fig. 06.1 / The Pod playlistOpen playlist archive

The Pod is a long-running conversation series Shawm ran with some of the sharpest minds in web3, most of them recorded before the market had heard their names. The tape holds up. The names went on to build the categories the industry now takes for granted.

We are reopening the series under Cuscuton, out of Zo House, Whitefield. Long form, on the record, and unhurried. Founders talking about the primitive they are actually building, not the one they are pitching this week.

Get on The Pod

Founders welcome.

If you are a web3 founder shipping something real and you want a seat at the table, write in. Interviews are recorded in person at Zo House, Whitefield.

shomprakash@gmail.com
07The Raise

$250K bear market accelerator fund.

Target
$250,000

Assembled from small cheques. Angels, operators, and friendly funds.

Deployment
5 Teams

Every dollar in the pool is deployed into the Cohort 01 cheque set.

Cheque size
$50K

Standard cheque per team. Room for a follow-on out of the operator network.

For LPs

The pool is closing in tranches.

If you are an operator, angel, or fund GP who wants exposure to a curated bear cohort without the fund-of-funds overhead, we are opening a small syndicate around this pool. Reach Shawm directly on Telegram or through the application form below with a note in the summary field.

08Application

Transmit signal for Cohort 01.

Everything on this form is read by Shawm. If you cannot fit your logline in one line, the answer is you have not written it enough times. Applications close when we lock the five.

By submitting you accept our confidentiality standard. No NDA needed.