Introducing Breed VC
Today, I am proud to announce the launch of Breed Fund I, a $20M pre-seed/seed crypto venture fund devoted to advancing the decentralized world.
A decade ago when I first started in this industry as a bedroom miner, I remember one day watching a Youtube video by Andreas Antonopoulos. This video introduced the concept of blockchain technology being applied to all other transactional applications outside of money. Bitcoin had already opened the world to an open financial system and this was just the first app!
A few months later a whitepaper dropped for a smart contract blockchain called Ethereum. After reading that whitepaper in 2014 I’ve been hooked on the idea of this fundamental change on how we interact ever since. I could see a new internet being born and the societal impact it will have.
It’s been quite a journey since then. I’ve now been through three bull/bear cycles and each time the size and impact of crypto increases. This cycle in particular saw the beginnings of true institutional acceptance, the rise of DeFi and NFTs.
Throughout these cycles, builders with conviction stay to push the industry forward and the tourists go home to lick their wounds. Now is the best time to build. The technology continues to accelerate and new use cases that will apply to not just hardcore crypto natives are on the horizon. The complexities of blockchain are starting to disappear and the real value of decentralization is being demonstrated. Everything will eventually be on the blockchain. It’s just a matter of when.
It’s Always Darkest Before the Dawn
I’ve created Breed VC to take the long term view no matter what market conditions we see. Crypto is here to stay and we plan to take an active part in helping builders create the top companies in the space.
Breed VC is backed by some of the top crypto-native investors & builders in the space. I’d like to thank all of my investors for joining me on this ride. These included investors out of Castle Island Ventures, Tribe Capital, Shima Capital, early employees from Uniswap, Figment, Circle and an array of other crypto-natives. We’ve built a vast network of the most value-add operators in the space and can’t wait to bring in new founders.
As a founder/operator who has built businesses, launched multibillion dollar crypto projects, and a power user of crypto applications, Breed VC provides a unique value set to our founders as they build the future.
Sincerely,
Jed
Come join us: Breed VC, Breed VC Twitter, Coindesk Coverage
