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Rabbit Trap is a prestige folk-horror feature co-produced with Elijah Wood under SpectreVision, the acclaimed genre label behind multiple Sundance breakouts. The film premiered at Sundance Film Festival in 2025, blending elevated horror with arthouse and mystifying folk-tale tradition.


Inside (97% Rotten Tomatoes) is a critically acclaimed Australian prison drama written and directed by Charles Williams, winner of the Cannes Short Film Palme d’Or. Inside remiered at MIFF, screened at Tribeca, won an AWGIE for Best Original Screenplay, and features one of Guy Pearce’s most powerful and restrained performances, highly acclaimed by critics.
the world makes change through people
technology
and creativity.
the world makes change through people
technology
and creativity.
THE SOURCE: Asymmetric access in venture begins with relationships. DMZ sits downstream of top-decile GPs, and holds both LP positions and direct allocation in early-stage companies. We see what best fund managers see in the most competitive rounds. We write checks alongside them, driving cross-strategy dealflow by design. In practice: via a partner GP, we secured allocation to Reflection AI at $100M post - latest valuation is $25B, a 250x multiple for DMZ.
THE FILTER: We operate under binary conviction and believe two kinds of stock matter - stock that everybody wants, and stock that nobody wants yet. Everything in the middle dies. With heavy exposure to AI and software, we bet on the operator, not the category. Sector-agnostic, world-class. Or pass.
THE DISCIPLINE: Above all, we are a financial firm. We believe in returning cash, unlike many of our peers showcasing TVPI and ignoring DPI (SVB was sunk by paper markups). We don't just ask if it'll be a household name in 20 years, we ask when and how we will sell it. 50+ companies. 13 exits. 96%+ IRR. $26M+ NAV.

A family office origin gave DMZ a $75bn+ cumulative capital network, built through long-standing relationships with EU and US family offices. Tech-weighted core, diversified across stages and asset classes, underpinned by consistent dealflow exchange.
DMZ operates as a hands-on investor, force-multiplying our founders with all industry resources at our disposal. Primarily this translates into strategic fund introductions, recruiting, and facilitating scalable partnerships. We’ve been directly instrumental in raising millions of dollars for portfolio founders and our GP partners.
Through STYX, DMZ built a creator network reaching 120M+ accounts across film, music, and social media. We deploy it for portfolio launches, D2C distribution, and category-defining campaigns.

Leo Alterman is the founder and sole GP of DMZ Financials, an early-stage venture firm investing at the intersection of AI, software, media, and culture. Since 2018, Leo has deployed capital across 50+ companies and become a Limited Partner in 10+ US funds, growing a ~$2M cost base into ~$25M NAV with 96% average IRR and 13 documented exits. His focus is pre-consensus early-stage venture. Founder-first, sector-agnostic across frontier technology and consumer, he backs exceptional operators whose businesses compound through proprietary data, distribution, talent, or brand. Leo writes essays on capital, culture, and the post-AI economy. Recent essays include The Death of the Average and The Willful Blindness Economy. His book, The Capitalist Manifesto, was published in 2020.

Nick Morabito is CFO of DMZ Financials, where he leads the firm's public-markets strategy and financial operations. He runs DMZ's public-securities book - which returned 20%+ in 2025 - and oversees treasury, capital structure, and reporting across the firm's venture and holding entities. A finance graduate, he spent over five years as a financial analyst at General Motors before joining DMZ.

Alex Shytyk is Head of Software at DMZ Financials, where he leads firm infrastructure and software development - building the systems that keep the firm running with precision and scale, and that enable our founders and partners. That includes proprietary network-management, wealth-management, and VC-specific software. With a Bachelor's in Artificial Intelligence from Johannes Kepler University, Alex keeps internal operations ahead of the curve as the portfolio expands across AI, software, and frontier technology - turning technical complexity into reliable, compounding infrastructure.