Paradigm

Paradigm is a research-driven venture capital firm specializing in cryptocurrency and blockchain investments. Founded in 2018 by Fred Ehrsam, co-founder of Coinbase, and Matt Huang, former partner at Sequoia Capital, Paradigm focuses on supporting innovative crypto/Web3 companies and protocols from their earliest stages. The firm employs a flexible, long-term, multi-stage, and global investment approach, often engaging with projects at inception and providing ongoing support as they evolve.

Paradigm's hands-on involvement spans technical aspects such as mechanism design, smart contract security, and engineering, as well as operational areas like recruiting and regulatory strategy. The firm's portfolio includes notable investments in companies like Uniswap, FTX, BlockFi, Maker, and Sky Mavis. In June 2024, Paradigm raised $850 million for its third fund, dedicated to early-stage crypto projects, underscoring its commitment to advancing the cryptocurrency industry. Additionally, Paradigm launched the Policy Lab in September 2023, a platform aimed at producing research and advocacy on critical policy issues affecting the crypto ecosystem.

In May 2023, Paradigm's website homepage underwent a revision, removing mentions of Web3 and crypto, which led to concerns among investors and portfolio company founders. The firm later reintroduced statements related to cryptocurrency, affirming its continued focus on the sector. In October 2023, Ehrsam stepped down from his managing partner role at Paradigm, with Huang remaining as the managing partner. Despite these changes, Paradigm continues to be a significant player in the crypto investment landscape, supporting a diverse range of projects and contributing to the growth and development of the industry.