Paradigm’s Fred Ehrsam moves to general partner role

Ehrsam founded Paradigm in 2018 with Matt Huang

share

Paradigm’s Fred Ehrsam announced on Tuesday that he’s moving to General Partner from Managing Partner.

“This change allows me to carve out some time to explore areas of science that are of personal passion for me,” Ehrsam said in a post on X. “I have personally been investing in and supporting bio research for several years and am excited to ramp up these efforts.”

Paradigm co-founder Matt Huang has taken more of the leadership role, Ehrsam added. With the new role, Ehrsam will continue to work on crypto policy, and work with Paradigm’s investing and research teams. 

“After starting Coinbase with Brian [Armstrong], I somehow managed to win the co-founder lottery yet again. [Huang] is an excellent leader and investor, and has built an incredible investing and research team at Paradigm,” Ehrsam said.

The Information, which initially reported the news before Ehrsam’s announcement, claims that Paradigm is looking to raise a new fund. 

In late September, Paradigm announced that it was creating a new policy lab to focus on solutions to US regulatory issues through a tech focus. 

Huang and Ehrsam started the crypto venture capital firm in 2018. 

The company is bouncing back after it invested roughly $278 million in the now-bankrupt crypto exchange FTX. Huang, who took the stand in former FTX CEO Sam Bankman-Fried’s trial earlier this month, said that the investment was now with $0. 

As part of his testimony, Huang said he was concerned about “special privileges” potentially being granted to Alameda at the time, though he was assured that wasn’t the case. However, testimonies from other FTX insiders allege that Alameda did receive special treatment.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates.png

Research

The convergence of DePIN and energy generation aims to address modern grid challenges by incentivizing distributed generation.

article-image

US states are now competing for Bitcoin bragging rights

article-image

The deal is likely to fuel further M&A around derivatives trading and infrastructure, Architect Partners’ Michael Klena says

article-image

Stripe announced Stablecoin Financial Accounts, which will allow businesses to have “stablecoin-powered accounts”

article-image

The deal is made up of $700 million in cash and 11 million shares of Coinbase’s Class A common stock

article-image

Blockworks Research uses numbers to help crypto advance to a higher stage of storytelling