Paradigm’s Fred Ehrsam Steps Back From Crypto-Focused VC Firm
- Paradigm was an investor in the bankrupt FTX exchange
- The 35-year-old is also a co-founder of Coinbase Global
This article is for subscribers only.
Paradigm co-founder Fred Ehrsam is stepping back from his managing partner role at the venture-capital fund, which was an investor in the failed cryptocurrency exchange FTX.
“This change allows me to carve out some time to explore areas of science that are of personal passion for me,” Ehrsam, who is also a co-founder of the crypto exchange Coinbase Global Inc., said in an email to employees on Tuesday. As a general partner, he plans to continue to work with the firm’s investing and research teams, and with portfolio companies, while remaining an advocate for crypto policy.