Sublime
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Multicoin has its critics, but founders are extremely positive. In the partisan world of crypto, Multicoin’s strident support of its investments can anger dissenters. Loathed by some as a result, the firm is loved by its entrepreneurs. Portfolio founders are exceptionally positive about Multicoin’s contributions.
The Generalist (US) • Multicoin Capital: The Outsiders
Multicoin may be the highest-returning venture fund of all-time. Firms like Union Square Ventures and Lowercase Capital are legendary for funds with 14x and 76x returns, respectively. Multicoin’s first-ever venture vehicle appears to have them beat.
The Generalist (US) • Multicoin Capital: The Outsiders

Sam Altman might have zero equity in OpenAI, but his $2.8B personal portfolio is absolutely insane:
- 7.6% of Reddit (currently worth $700M+)
- Invested $15,000 for 2% of Stripe in 2009 (even if he’s sold / had dilution of 90%, 0.2% of Stripe today is worth... See more
Tribe Capital
tribecap.co


This is Jeff Yan.
He is the co-founder of Hyper Liquid, doing $10B in daily volume.
He went from being a quant at Hudson River Trading to running one of the largest decentralized exchanges in crypto.
Here's what you need to know: https://t.co/eZeRmKQ06g
The firm has won by taking a contrarian approach. When Multicoin started, the investing landscape was dominated by funds focused on Bitcoin and Ethereum. Founders Kyle Samani and Tushar Jain saw opportunity elsewhere, making contrarian bets on Helium, The Graph, and Solana.
