Paradigm’s Dedication to Crypto: A Firm’s Perspective
Venture capitalist Matt Huang recently expressed his disbelief at Paradigm’s decision to remove all references to crypto from their website. However, Huang took to Twitter to clarify that the firm is still fully committed to the crypto sector. This comes after Paradigm faced criticism for seemingly straying from its focus on crypto.
Key Points:
- Paradigm, co-founded by Matt Huang and Fred Ehrsam, removed crypto and Web3 mentions from its website in May.
- The changes to the site’s boilerplate were made to describe Paradigm as a “research-driven technology investment firm” rather than one exclusively focused on disruptive crypto/Web3 companies.
- Despite the revisions, Huang maintains that Paradigm remains dedicated to crypto and continues to invest, publish research, support portfolio companies, and advocate for good policy.
- Huang emphasizes that when Paradigm was established five years ago, there was no fixed plan, but rather a shared curiosity for the future and a deep conviction in crypto.
- The firm’s commitment to crypto is evidenced by their involvement in projects like Uniswap and the development of open-source initiatives.
Despite the brief confusion caused by the website changes, Paradigm’s dedication to the crypto sector remains unwavering. The firm’s ongoing investments, research, and support for portfolio companies demonstrate their commitment to advancing the possibilities within the crypto industry.
Hot Take:
Paradigm’s decision to remove crypto from their website may have seemed surprising, but their continued involvement and dedication to the sector prove that their commitment to crypto is stronger than ever.
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