☀️ Announcing Page Two: $50m+ crypto fund to elevate product & design across Web3 ☀️
We spent 6 months building a new from first principles before fund two.
New team, new look & new fund focused on what we love building & supporting in web3.
mirror.xyz/chapterone.eth
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Chapter One started 4 years ago & focused mostly on crypto.
We invested in the seed rounds of many transformative companies - including the seed rounds of , , .
Our mission was investing in on ramps to make crypto more accessible.
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We remained generalists with the view that bridging web2 & web3 was more valuable to our founders.
As we thought about building Page Two, we found ourselves spending all of our time in crypto.
We pushed ourselves to re-imagine what a best-in-class seed stage venture fund...
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... would look like if built from scratch for web3 founders.
We began thinking of Chapter One as a "product" in itself built for founders, our most important customers.
What might product market fit look like for web3 founders? How would we build an enduring venture fund?
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Our primary belief was web3 should be more user-friendly & we needed more accessible products that could serve the entire Internet.
The first thing we needed to do was build a world class team with multi-disciplinary experiences in crypto, payments & mass market consumer social.
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This year we built our team to serve web3 founders:
- first hire & Investor after working in product at Novi (Meta crypto team) & Instagram
- founding Design Partner after leading large design teams & projects at Stripe & Gusto
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- Chief Financial Officer after working in financial & operational roles in private equity and VC.
Beyond Chapter One, Doug helps our founders with their 0-1 operational & finance needs so they can focus entirely on product, design, and finding PMF.
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We are going to keep re-imagining how a first-check web3 fund can find product market fit with founders.
Chapter One will look more like a startup than a venture fund. And that's how we want it to be.
We will expand offerings beyond product & design - soon a full stack team...
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... that includes Data Science, Engineering, and Community.
Next year we will be launching a web3 accelerator, a media arm focused on web3 education, and resources for builders in web3.
Check out the new chapterone.com...
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So thrilled. You’re one of the best in the business and so happy to see you succeed. ❤️💪
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Thank you for being a supporter of both funds! One of our first investors. Appreciate you being a believer.
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