π Excited to announce @TheSpartanGroup's $50M DeFi venture fund!
We are looking to work with relentless founders in DeFi with global ambitions keen on tapping into the Asia market.
Some history for those interested...π
finance.yahoo.com/news/50m-ventuβ¦
We are looking to work with relentless founders in DeFi with global ambitions keen on tapping into the Asia market.
Some history for those interested...π
finance.yahoo.com/news/50m-ventuβ¦
1/ @theBlockcrunch was one of the first podcasts to cover DeFi in 2018.
As an outsider, I was lucky to hear first hand-hand from pioneers like @RuneKek @felix2feng @AntonioMJuliano @brendan_dharma @ricburton on what "DeFi" was.
I think back then it was called Open Finance? π
As an outsider, I was lucky to hear first hand-hand from pioneers like @RuneKek @felix2feng @AntonioMJuliano @brendan_dharma @ricburton on what "DeFi" was.
I think back then it was called Open Finance? π
2/ Later in 2018, I was connected with @SpartanBlack_1 when he was just setting up @TheSpartanGroup's first fund, and it marked my full time transition to crypto.
#BTC opened my eyes to trustless value transfer.
It made sense to us that trustless markets were next.
#BTC opened my eyes to trustless value transfer.
It made sense to us that trustless markets were next.
3/ In the beginning, we had (and still have) a broad approach to crypto. We looked at layer 1s, layer 2s, meme coins...
But as fundamentals-driven investors, we noticed the growth of protocols like @MakerDAO, and quickly recognized DeFi is likely the first breakout category.
But as fundamentals-driven investors, we noticed the growth of protocols like @MakerDAO, and quickly recognized DeFi is likely the first breakout category.
4/ In 2019, we starting placing bets into projects like @KyberNetwork @AaveAave @synthetix_io @MakerDAO.
But soon it was clear to us that as a small fund, the biggest impact we can have on helping teams is to go earlier.
But soon it was clear to us that as a small fund, the biggest impact we can have on helping teams is to go earlier.
5/ Throughout 2020, our fund invested in over a dozen new teams building new DeFi primitives, and worked closely with teams like @AlphaFinanceLab from the beginning.
Personally, I became more active with angel investing as well into forward-thinking founders like @Diane_0320 π
Personally, I became more active with angel investing as well into forward-thinking founders like @Diane_0320 π
6/ The explosion of interest in 2020 summer proved to us that not only was DeFi a key part of crypto...
It's the only part where we can have start to have evolved conversations around user acquisition, retention, and monetization/ value accrual.
We had to do this properly.
It's the only part where we can have start to have evolved conversations around user acquisition, retention, and monetization/ value accrual.
We had to do this properly.
7/ The Spartan DeFi venture fund is the culmination of the above.
Through the fund, we will work closely with founders on things we have honed over the past 2 years of investing via our main fund:
- Token value accrual design
- Asia GTM strategy
- Liquidity provision
Through the fund, we will work closely with founders on things we have honed over the past 2 years of investing via our main fund:
- Token value accrual design
- Asia GTM strategy
- Liquidity provision
8/ As a final note, it's been quite the ride helping grow Spartan Cap.
In 2019, we set the ambitious goal of growing our <$10M into $100M within 3 years.
Today, we manage ~$200M across our funds, and we're excited to put it to work backing the next generation of trailblazers.
In 2019, we set the ambitious goal of growing our <$10M into $100M within 3 years.
Today, we manage ~$200M across our funds, and we're excited to put it to work backing the next generation of trailblazers.
ps/ Sorry for the typos, it's 3 am here
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