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

Decoding crypto and the markets. Daily, with Byron Gilliam.

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.

recent research

Research Report Templates (2).png

Research

We’re bullish on the PUMP token. We believe Pump.fun's brand strength, existing integrations, product roadmap, and strategic levers justify PUMP's TGE valuation, and expect the token to re-rate meaningfully higher in the months ahead.

article-image

Big blockers wasted a bitcoin fortune trying to prove a point

article-image

Coinbase’s newest acquisition includes the CEO and Head of Research from Opyn

article-image

Crypto’s highest purpose might be to make markets better by making them bigger

article-image

The non-profit’s “Project Open” seeks to let stocks trade directly on Solana

article-image

The acquisition is Pump.fun’s first, and comes just days before its planned ICO

article-image

As Trump’s tariff war reignites, everyone is assuming the dollar will continue its path lower. But the journey might be bumpy