When Matt Huang and Fred Ehrsam raised $400M for their new fund Paradigm in 2018, they did something bold: put it all into Bitcoin.
The trade is already up 3x. But the ex-Sequoia partner and Coinbase cofounder have a bigger goal: bring crypto mainstream.
forbes.com/sites/alexkonr…
The trade is already up 3x. But the ex-Sequoia partner and Coinbase cofounder have a bigger goal: bring crypto mainstream.
forbes.com/sites/alexkonr…
Since leaving Sequoia and Coinbase to launch Paradigm in 2018, @matthuang and @FEhrsam raised $750M to invest in a mix of crypto coins, tokens and startups.
And they got backers like Harvard, Stanford and Yale behind their unusual strategy.
forbes.com/sites/alexkonr… tip @Techmeme
And they got backers like Harvard, Stanford and Yale behind their unusual strategy.
forbes.com/sites/alexkonr… tip @Techmeme
Of Paradigm's 28 investments, 13 have raised or issued a token at a higher valuation since. But crypto insiders like @novogratz are still marveling that the firm was able to call all its capital and put it into Bitcoin during 2018's post-bubble prices.
forbes.com/sites/alexkonr…
forbes.com/sites/alexkonr…
Over the past few months, I spoke to a bunch of top VCs about Paradigm's approach, from fans like @garrytan to the competition in @cdixon and @mondesai and the more skeptical like @rabois.
One big Q: do top founders still want to go work in crypto?
forbes.com/sites/alexkonr…
One big Q: do top founders still want to go work in crypto?
forbes.com/sites/alexkonr…
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