AlphaMaven AlphaMaven

How is Lucid founder investing proceeds of $1B sale? Dungeons & Dragons and blockchain, for starters

Reported by Nola
Apr 12, 2022· 2 min read
Save Post LinkedIn Email
Key Takeaways
  • • Patrick Comer, founder of market research company Lucid, deployed proceeds from the company's $1 billion+ sale to Swedish firm Cint (October 2021) into a $2.5 million investment round for Gripnr, a blockchain-based tabletop roleplaying game platform, announced April 2022.
  • • Gripnr develops online strategy games using blockchain technology, with its first campaign titled "The Glimmering," positioning the venture at the intersection of gaming and distributed ledger infrastructure.
  • • Comer joined the Nieux Society, a blockchain-focused initiative led by former Idea Village CEO Tim Williamson and local developer Zach Kupperman, aggregating hundreds of New Orleans tech entrepreneurs, financiers, and civic leaders to build ecosystem participation in blockchain infrastructure.
  • • Comer articulated a thesis that blockchain represents the next major technology wave comparable to the 1995-2000 internet boom, positioning early regional investment as critical to preventing New Orleans from missing opportunity windows as occurred during the first digital transformation cycle.
Summary
Patrick Comer, who realized proceeds exceeding $1 billion from the October 2021 acquisition of his New Orleans-based market research firm Lucid by Swedish technology company Cint, has begun deploying capital into early-stage blockchain ventures. In April 2022, Comer announced participation in a $2.5 million investment round for Gripnr, a startup creating online strategy games—including Dungeons & Dragons-styled experiences—built on blockchain infrastructure.

Comer's entry into blockchain gaming reflects both personal interest and conviction regarding technology infrastructure. The founder credited an early affinity for Dungeons & Dragons as a catalyst for the Gripnr investment, while simultaneously articulating a broader investment thesis. He characterized blockchain as analogous to the internet wave of 1995-2000, predicting it would spawn category-defining technology behemoths comparable to Amazon and Facebook. Comer emphasized that blockchain remains poorly understood across institutional and retail audiences despite substantial capital allocation, suggesting information asymmetries create opportunity windows for informed early investors.

Beyond individual capital deployment, Comer embedded himself within the Nieux Society, a newly formed blockchain-focused initiative spearheaded by Tim Williamson, former CEO of The Idea Village, and local developer Zach Kupperman. The collective has aggregated several hundred local participants spanning technology entrepreneurs, institutional financiers, artists, musicians, and civic organizations, effectively establishing a coordinated investment syndicate and ecosystem development effort.

Comer articulated a cautionary historical narrative regarding New Orleans' relationship with technology cycles. He noted that during the 1995-2000 internet transformation, New Orleans failed to capitalize on the wave until mid-2000s, by which point competitive advantages had concentrated elsewhere. Having spent more than a decade building infrastructure to support technology businesses within the city, Comer positioned current blockchain participation as a corrective opportunity. His statement—"The only way you can mess up is to not get involved"—reflected conviction that ecosystem participation and capital allocation represent the primary variables determining whether New Orleans captures value from the emerging blockchain wave.

Go deeper than the headline

Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.

Start your free 7-day trial

Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Nola How is Lucid founder investing proceeds of $1B sale? Dungeons & Dragons and blockchain, for starters