Paradigm is regarded as the most exclusive brypto VC fund
And now, they are venturing into AI.
Here's what @paradigm is looking at in Q1 2023
๐งต๐
And now, they are venturing into AI.
Here's what @paradigm is looking at in Q1 2023
๐งต๐
1/21
Paradigm is a San Francisco-based VC, founded in 2018, which primarily invests in crypto
Paradigm is widely considered to be one of the most exclusive VCs who pick only a handful of projects to invest in. Notable projects include: Optimism, Blur, Synthetix and more.
Paradigm is a San Francisco-based VC, founded in 2018, which primarily invests in crypto
Paradigm is widely considered to be one of the most exclusive VCs who pick only a handful of projects to invest in. Notable projects include: Optimism, Blur, Synthetix and more.
2/21
AUM: $13.2B
Investment Focus:
- Crypto (primary)
- AI (new)
- Emerging Tech (new)
AUM: $13.2B
Investment Focus:
- Crypto (primary)
- AI (new)
- Emerging Tech (new)
3/21
[Narratives/Trends]
Paradigms most recent investments are in the niche of Blockchain-as-a-Service and Blockchain infra projects.
However, with their recent shift in focus to emerging tech, AI is another narrative play that they're hoping to catch.
[Narratives/Trends]
Paradigms most recent investments are in the niche of Blockchain-as-a-Service and Blockchain infra projects.
However, with their recent shift in focus to emerging tech, AI is another narrative play that they're hoping to catch.
![3/21
[Narratives/Trends]
Paradigms most recent investments are in the niche of Blockchain-as-a-Ser...](https://pbs.twimg.com/media/Fxc6nXlaIAASjiF.png)
4/21
[Paradigm Crypto]
Largest holdings:
$ETH - $187.9M
$LDO - $154M
Portfolio Performance ๐
[Paradigm Crypto]
Largest holdings:
$ETH - $187.9M
$LDO - $154M
Portfolio Performance ๐
5/21
Comparison with other VCs
Credits: @defi_mochi's VC trackooor dashboard
(only shows $LDO holdings)
Comparison with other VCs
Credits: @defi_mochi's VC trackooor dashboard
(only shows $LDO holdings)
6/21
Top 5 crypto investments Q1 2023
Top 5 crypto investments Q1 2023
7/21
1๏ธโฃ Conduit
Raise: $7M, Seed Round
Lead investor: Paradigm
Other investors: Robert Miller, Ludwig Pettersson, Dan Romero, Guillaume Poncin, Joshua Ma, and Lakshman Sankar.
1๏ธโฃ Conduit
Raise: $7M, Seed Round
Lead investor: Paradigm
Other investors: Robert Miller, Ludwig Pettersson, Dan Romero, Guillaume Poncin, Joshua Ma, and Lakshman Sankar.
8/21
TLDR of Conduit:
โข Conduit is a rollup-as-a-service project enabling teams to quickly scale dApps by providing a production-grade rollup built on OP.
โข It aims to provide a more accessible and cost-effective solution for projects seeking their own dedicated rollup.
TLDR of Conduit:
โข Conduit is a rollup-as-a-service project enabling teams to quickly scale dApps by providing a production-grade rollup built on OP.
โข It aims to provide a more accessible and cost-effective solution for projects seeking their own dedicated rollup.
9/21
2๏ธโฃ Ulvetanna
Raise: $15M, Seed Round
Lead investor: Bain Capital Crypto and Paradigm
Other investors: Jump Crypto
2๏ธโฃ Ulvetanna
Raise: $15M, Seed Round
Lead investor: Bain Capital Crypto and Paradigm
Other investors: Jump Crypto
10/21
TLDR of Ulvetanna:
โข Ulvetanna is a zk Proof hardware infrastructure firm.
โข They build hardware to accelerate the process of generating ZKPs.
โข They are focusing on generating ZKPs for L2 zk EVM networks
TLDR of Ulvetanna:
โข Ulvetanna is a zk Proof hardware infrastructure firm.
โข They build hardware to accelerate the process of generating ZKPs.
โข They are focusing on generating ZKPs for L2 zk EVM networks
11/21
3๏ธโฃ code4rena
Raise: $6M, Token purchase funding
Lead investor: Paradigm
Other investors: nil
3๏ธโฃ code4rena
Raise: $6M, Token purchase funding
Lead investor: Paradigm
Other investors: nil
12/21
TLDR of code4rena:
โข Code4rena's provides a transparent and gamified alternative to traditional audits.
โข Provides incentives for independent auditors who hunt for bugs in a competition format.
TLDR of code4rena:
โข Code4rena's provides a transparent and gamified alternative to traditional audits.
โข Provides incentives for independent auditors who hunt for bugs in a competition format.
13/21
4๏ธโฃ nxyz (Q4 2022)
Raise: $40M
Lead investor: Paradigm
Other investors: Coinbase Ventures, Greylock Partners, Sequoia, Balaji Srinivasan, Jaynti Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee and Ryan Selkis.
4๏ธโฃ nxyz (Q4 2022)
Raise: $40M
Lead investor: Paradigm
Other investors: Coinbase Ventures, Greylock Partners, Sequoia, Balaji Srinivasan, Jaynti Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee and Ryan Selkis.
14/21
TLDR of nxyz:
โข Multi-chain indexing product suite that exposes real-time blockchain data through low-latency APIs.
โข They aim to enable buidlers to build a better internet by providing more efficient blockchain indexing and data infrastructure.
TLDR of nxyz:
โข Multi-chain indexing product suite that exposes real-time blockchain data through low-latency APIs.
โข They aim to enable buidlers to build a better internet by providing more efficient blockchain indexing and data infrastructure.
15/21
5๏ธโฃ Exponential (Q4 2022)
Raise: $14M
Lead investor: Paradigm
Other investors: Haun Ventures, Solana Ventures, Polygon Ventures, Circle Ventures
5๏ธโฃ Exponential (Q4 2022)
Raise: $14M
Lead investor: Paradigm
Other investors: Haun Ventures, Solana Ventures, Polygon Ventures, Circle Ventures
16/21
TLDR of Exponential:
โข DeFi investment discovery and risk assessment platform
โข They analyze investment risk by looking at the protocol's code, the team's experience, and the market conditions.
โข Provides users with a rating system (A to F) for DeFi investments
TLDR of Exponential:
โข DeFi investment discovery and risk assessment platform
โข They analyze investment risk by looking at the protocol's code, the team's experience, and the market conditions.
โข Provides users with a rating system (A to F) for DeFi investments
17/21
Paradigm's shift from a crypto-focused VC to now potentially embracing emerging tech/AI as part of its portfolio serves as a means of diversification and perhaps following A16z's footsteps in ramping up AI investments.
Let's look at existing AI-related paradigm portcos:
Paradigm's shift from a crypto-focused VC to now potentially embracing emerging tech/AI as part of its portfolio serves as a means of diversification and perhaps following A16z's footsteps in ramping up AI investments.
Let's look at existing AI-related paradigm portcos:
18/21
1๏ธโฃ ArenaX Labs
Raise: $5M, Oct 2021
โข Arena X Labs is the parent company of AI Arena, a digital platform.
โข AI Arena is an ETH-based game where players globally can buy, train, and battle NFT characters powered by AI.
1๏ธโฃ ArenaX Labs
Raise: $5M, Oct 2021
โข Arena X Labs is the parent company of AI Arena, a digital platform.
โข AI Arena is an ETH-based game where players globally can buy, train, and battle NFT characters powered by AI.
19/21
The project is still active and seems to be doing pretty well:
The project is still active and seems to be doing pretty well:
20/21
2๏ธโฃ Numerai
Raise: $11M, Mar 2019
โข Numerai is a hedge fund that uses machine learning for its trading strategies.
โข Instead of developing models in-house, they encrypt financial data and share it with a global network of anon data scientists who are paid in $NMR.
2๏ธโฃ Numerai
Raise: $11M, Mar 2019
โข Numerai is a hedge fund that uses machine learning for its trading strategies.
โข Instead of developing models in-house, they encrypt financial data and share it with a global network of anon data scientists who are paid in $NMR.
21/21
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I put a lot of effort into these threads.
If you found them helpful please leave aโค๏ธ& Retweet the first tweet below if you can ๐
Follow me
@0xsurferboy for more analytical threads on untapped CT topics.
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