’s venture fund hires former tech journalist Jon Russell

advertisement Capital has named former TechCrunch journalist Jon Russell as its newest partner, according to an announcement.

The $200 million venture capital fund, launched by in March 2021, writes cheques for up to $10 million for early stage web3 startups — and invests in both tokens and equity.

It has so far backed the likes of crypto security firm Ledger, avatar-maker Genies, and DeBank, the decentralized wallet.

Russell is a veteran tech journalist who spent five years at TechCrunch covering the Asian market before joining media startup The Ken. He will work under co-founder Bobby Bao, who leads the wallet firm's venture arm.

“I’ve had offers to move into crypto full-time before but is the most ambitious company in web3,” said Russell in a statement. “The Capital fund brings a very unique advantage to help the world’s best web3 founders and startups to realise their potential and I can’t wait to play my part.”

While the move from journalism to venture capital is unusual, it is not without precedent. Notably, Welsh billionaire Michael Moritz spent his early career as a journalist before joining Sequoia Capital.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Will Sanctions Drive Russia into the Arms of Cryptocurrencies?

From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC