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Totalis

Totalis

derivative layer for prediction markets

Spring 2026ActiveFintechConsumer FinanceDeFiAPIsSan Francisco, CA, USA
Company
https://www.totalis.trade

Note: This is a preliminary assessment based on limited publicly available information. We did not have access to LinkedIn profiles or live product screenshots for this analysis. We will update this entry with a more thorough review soon.

Verdict

Medium Signal
Market Opportunity
Prediction markets are growing rapidly post-Polymarket's success in 2024-2025, and derivatives on top of prediction markets is a logical next layer. The ICP is traders and market makers, which is narrow but high-value. Monetization via spreads/fees is clear, but the addressable market is still nascent and regulatory risk (CFTC) is real.
Medium Signal
Founder Signal
Eric Liu has real industry experience: data at Coinbase and MLE at Faire — both credible fintech/marketplace companies, relevant to building a derivatives trading platform. Pravesh Mansharamani's background is listed only as 'math @ Waterloo' with no industry roles cited. LinkedIn not available for either founder, limiting verification depth. Not a weak team but only one founder has clear professional track record.
Low Signal
Competition
No competitor data found in research. Known players in adjacent space include Polymarket (spot prediction markets), Kalshi (regulated), and potentially SX Network or Augur for derivatives-adjacent features. Big derivatives platforms (dYdX, GMX) could expand into this space. No clear evidence of a defensible moat or unique data advantage stated.
Low Signal
Product
No product details visible beyond a one-liner tagline. Website is totalis.trade but no demo, pricing, API docs, customer logos, or usage metrics provided. No press coverage found — pure concept stage as far as evidence shows.
OverallC Tier

Totalis is an early-stage concept with a plausible thesis — prediction markets are gaining mainstream traction and a derivatives layer is a logical product evolution — but there is essentially no visible evidence of product, traction, or customers. Eric Liu's Coinbase and Faire experience is the strongest signal here and is genuinely relevant. However, Pravesh's background appears thin based on available data, LinkedIn profiles are unavailable for both founders, and the company has zero press or traction signals. The regulatory complexity of crypto derivatives is a significant execution risk for a two-person team. Needs to show a working product and early volume metrics to move up.

Active Founders

Eric Liu
Eric Liu
Founder

Building the derivatives layer for prediction markets. Previously data @ coinbase, mle @ faire, math @ uwaterloo.

Pravesh Mansharamani
Pravesh Mansharamani
Founder

building derivative layer for prediction markets | prev math @ waterloo

Totalis
Totalis
TierC Tier
BatchSpring 2026
StatusActive
LocationSan Francisco, CA, USA
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YC
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