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This $2.5 billion VC fund from Coinbase cofounder is the biggest in crypto but still 'probably small'
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markets.businessinsider.comCoinbase
After three years in the making, the largest-ever crypto venture capital fund has arrived as Paradigm One finishes scooping up $2.5 billion.
It's the first VC fund from Coinbase cofounder Fred Ehrsam and former Sequoia partner Matt Huang, who launched Paradigm One in 2018 and raised an initial $400 million, according to the Financial Times.
The $2.5 billion they eventually raised is double their initial investment goal thanks to the help of other investors vying to contribute.
«It is probably small relative to where we're going in 10 years,» Ehrsam told the FT.
Now it has beaten out Andreessen Horowitz's crypto fund from earlier this year, which had secured a then-record $2.2 billion in backing. Both funds have bet big on a rapidly
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