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.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png

Research

Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.

/

article-image

Equities were mixed toward the end of Monday’s session while cryptocurrencies continued their rally

article-image

Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space

article-image

Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?

article-image

Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month

article-image

It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet

article-image

Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend