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Tier 1ActiveResearch Coverage

Paradigm

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Fund snapshot

Lookout tier
Tier 1
Lookout score
95/100
AUM
$12B
Vintage
2018
Check size
$500K – $50M
Stage
Pre-Seed, Seed, Series A
Role
Leads rounds

Lookout's read

How Lookout reads this fund.

The highest founder-quality density in crypto venture. Quiet, patient, and ruthlessly selective — they wait for the right round rather than spray. A Paradigm lead keeps a cap table clean and signals the founder passed a very high bar. Less public than a16z but arguably sharper on technical theses.

Research Coverage

Lookout profiles this fund based on publicly available information. This does not constitute an endorsement or a commercial relationship.

Fund thesis

What they back.

Research-driven firm that backs protocols from inception — partners ship code and publish research alongside founders, on the belief that deep technical depth is a prerequisite for invention at the frontier.

Portfolio

Notable bets · 6

3 with realized tokens or exits

Nous Research

2025
Decentralized AISeries AActive

Uniswap

2018
DeFiSeedToken live

Coinbase

2018
ExchangeStrategicIPO

Optimism

2021
L2Series A/BToken live

Farcaster

2024
SocialSeries AActive

Flashbots

2022
MEV / InfraStrategicActive

In their orbit

Deals Lookout covers.

Team

Who runs the capital.

Matt Huang

@matthuang

Co-Founder / Managing Partner

Former Sequoia Capital partner; co-founded Paradigm in 2018.

Fred Ehrsam

@FEhrsam

Co-Founder / Managing Partner

Co-founder of Coinbase; ex-Goldman Sachs trader.

Dan Robinson

@danrobinson

GP, Head of Research

Leads Paradigm research; ex-Interstellar/Chain engineer.

Co-investors

Who they ride with.

Facts public-source · tier & read are Lookout judgment · profile updates continuously