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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.
Asymmetric access begins with relationships. We sit downstream of top-decile GPs, and at $26M+ NAV, DMZ holds both LP positions and direct allocation into sought-after early-stage companies. We see what the best fund managers see. We write our own checks alongside them, driving cross-strategy by design. Recent example: via a partner GP, we got allocation to Reflection AI at $100M post - latest valuation is $25B, 250x multiple for DMZ.
Above all, we are a financial firm. SVB was sunk by paper markups. We believe in returning cash - unlike many of our peers chasing TVPI and ignoring DPI. We don't just ask if it'll be a household name. We ask when and how we will sell it. 50+ companies. 13 exits. 96% IRR.

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.
A family office origin gave DMZ a $75bn+ cumulative capital network, built through long-standing relationships with EU family offices and US angels. Tech-weighted core, diversified across stages and asset classes.

Leo Alterman is the founder and sole GP of DMZ Financials, an early-stage venture firm investing at the intersection of AI, software, capital, and culture.
Since 2018, he 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, The Willful Blindness Economy, and The Knowing Problem. His book, The Capitalist Manifesto, was published in 2020.

Nick leads financial advisory and wealth management at DMZ Financials, working with the GP on capital strategy and risk management. Previously at General Motors, he brings public-markets and financial-management expertise to the firm's portfolio of complex transactions and long-term positioning.

Alex leads infrastructure and software development at DMZ Financials, building the systems that keep the firm running with precision and scale and help us enable our founders. This includes proprietary network management software, wealth management software, VC-specific software and more. As the portfolio expands across AI, software, and frontier technology, Alex keeps internal operations ahead of the curve, turning technical complexity into reliable compounding infrastructure.