How Our Blockchain Fund Team Adds Value to Our Portfolio Companies

Executives from our Blockchain Fund portfolio companies discuss the benefits of working with AV and our team

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Alumni Ventures’ Fall Blockchain Fund team1 has developed strong relationships with innovative companies. We strive to go beyond providing capital and serve as a trusted partner to entrepreneurs as they navigate their startup journey. Alumni Ventures and our Blockchain Fund team bring an extensive ecosystem network, our 600K+ community members, and our experience and expertise to help entrepreneurs and our portfolio companies grow faster. Below are quotes from Blockchain Fund portfolio companies discussing the benefits of their relationship with AV and our team.2

Alumni Ventures’ Blockchain Fund will focus on new sectors and ventures using blockchain tech. We will provide investors in the fund with a portfolio of ~20-30 promising, venture-backed companies innovating in areas like Web3 infrastructure and services, decentralized finance (DeFi), the metaverse, non-fungible tokens (NFTs), and more. This is an actively managed fund led by a three-person investing team, all with deep VC and blockchain experience.

Subspace Network, a co-investment with Pantera, Coinbase, Crypto.com, and ConsenSys, enables scalable and interoperable distributed storage for all EVM enabled blockchains from Polkadot to Ethereum.

Jeremiah Wagstaff
Jeremiah Wagstaff
Founder and CEO, Subspace Network

“Ray and the team at Alumni Ventures have proven to be incredible partners along our journey at Subspace. They have always gone above and beyond our expectations by facilitating numerous introductions with key investors and customers. Ray actively participates in our community and often provides useful feedback. We have no doubt they will continue to be involved over the long road ahead!"

Pixelynx, a co-investment with Animoca Brands, Niantic (Pokémon GO), and Sfermion, is a music metaverse that enables physical and digital music ecosystems for artists to launch and control their own interactive experiences through playable worlds and NFTs.

Inder Phull
Inder Phull
Founder and CEO, Pixelynx

“Alumni Ventures’ Blockchain Fund has been a great partner to Pixelynx. Their ecosystem and network opened many new opportunities to raise further funding and build strategic partnerships across the sector. The team is always proactive to reach out and help ideate on our challenges or act as a sounding board as we go through key phases of growth. Ray and his blockchain team have been instrumental in our growth and they are one of the best VC partners we have worked with.”

EthSign, a co-investment with three Sequoia funds (Sequoia U.S., Sequoia India, and Sequoia China) for the first time in Sequoia history, provides transparent blockchain based e-signature product and electronic agreements without privacy concerns.

Potter Li
Potter Li
Co-Founder and COO, EthSign

“Sophia and the Blockchain Team at Alumni Ventures have provided unparalleled value to EthSign. They have been nothing but genuinely friendly and helpful since the beginning of our partnership. Sophia has introduced us to custodian wallets, protocols, and investors with whom we are building indispensable relationships with. Jin and Shail from Alumni Ventures' CEO Services team generously offered their New York office space, and helped us host our networking event that allowed us to jumpstart conversations with numerous potential customers. In addition to the opportunities Alumni Ventures has afforded us, they have been very easy to work with. We couldn’t be happier to have their team supporting us!”

Qredo, a co-investment with 10T and Coinbase Ventures, enables decentralized self-custody solutions for all digital assets.

Josh Goodbody
Josh Goodbody
COO, Qredo

“Sophia and the team at Alumni Ventures continue to demonstrate a willingness to go above and beyond for Qredo. We appreciate their ongoing support, and have been humbled by their generous introductions to investors and clients. We could not endorse them more highly as partners and investors!"

GigLabs, a co-investment with Dapper Labs and Panoramic Ventures, brings brands to Web3 with no-code web3 dApp application launcher and open APIs to create, distribute, and manage NFTs and dApps. Its customers include large brands like CNN, UFC, NFL, Nascar, and the University of Miami.

Douglas Dimola
Douglas Dimola
Founder and CEO, GigLabs

“The team at Alumni Ventures’ Blockchain Fund are the ideal investor to work with at the early stages of our venture. The team is a great resource when evaluating our business and strategy. The team has also been a great asset in the fund raising process through making the right connections at the right time along our fundraising journey.”

mintNFT, a co-investment with Ripple and Dapper Labs, is a premium studio and marketplace for non-fungible tokens (NFTs) that makes collecting NFTs simple, safe, and social. They are focused on delivering an unprecedented experience for users with unique features.

Teddy Zee
Teddy Zee
Co-Founder and Chief Business Officer, MintNFT

"As an alum of Cornell and Harvard Business School, I can fully appreciate the value of Alumni Ventures, which goes far beyond dollars and cents. The ongoing support, formal programs and ability to access the strategic resources within their vast network of limited partners is game changing."

gDEX, a co-investment with NGC Ventures and Shima Capital, is an early-stage protocol at the intersection of Web3 gaming, DeFi, and the metaverse. The company intends to create the world’s largest and most open P2E network for virtual ecosystems.

J.D. Salbego
J.D. Salbego
Founder and CEO, gDEX

"Alumni Ventures’ Blockchain Fund could not be more of a cutting edge fund; from the quality of their portfolio, their unimpeded global access to investment opportunities, and strategies backed by years of success. It has been a pleasure to work with Jack Statza, Senior Principal of AV’s Blockchain Fund, who has a deep understanding of the crypto markets and emerging blockchain technology. He has embraced our company’s journey in depth, from ideation to execution of our vision, while providing ongoing support to help us reach our goals. He is also a gamer, which is a nice value add of passion and valuable experience to our company"

Secure3 enables scalable, transparent security audits for centralized Web3 infrastructure. The company’s platform consists of a marketplace to connect customers with auditors; a streamlined, semi-automatic auditing SaaS; and a DAO to establish data records, audit SOP, and certify auditors.

Yuan Xia
Yuan Xia
Co-Founder and CEO, Secure3

“Ray, Sophia, and Alumni Ventures have been one of the most resourceful and valuable partners to Secure3. The team at Alumni Ventures has not only provided great access to a vast network of investors, but also a variety of executive mentoring resources for continuous self-improving, team building, and culture building. Ray and Sophia have also been great partners, proactively helping us navigate the current challenging market and connecting us with industry leaders, customers, strategic partners, and marketing resources. We are happy to continue working together with Ray, Sophia, and Alumni Ventures to empower a more secure, transparent, and accountable Web3!”

1Blockchain Fund 2 was managed by AV with investment team led by Ray Wu. Blockchain Fund 3 was managed by AV with investment team led by Edward Tsai. Going forward, odd number funds will be managed by Edward Tsai, even by Ray Wu. When Fund Families have more that two investment teams, each team can work collaboratively with each other, but each is responsible for investing its own assets. Blockchain Fund 1 was managed by Green Nonce, which was subsequently spun out such that it and its principals are no longer affiliated with Alumni Ventures.

2Testimonials were provided by the participants without compensation. Each participant has a relationship with AV from which they benefit. All views expressed are the individual’s own. A potential conflict of interest could arise if a provider of a testimonial who is an investor expects more favorable investment opportunities or who is a representative of a portfolio company expects that follow-on investments are more likely after a positive testimonial, although AV does not believe any provider of testimonials to AV has any such expectations. AV further seeks to avoid or mitigate any such potential conflicts of interest by offering no special opportunities in exchange for a testimonial. The testimonials reflect editing by AV for clarity, but such editing is not intended to materially alter tone. The providers of these testimonials were not selected on objective or random criteria, but rather were selected based on AV’s understanding of its relationship with the providers of the testimonials. Testimonials do not represent the experience of all AV fund investors or all companies in which AV funds invest.

Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.