venturecapital

Get asked a lot on advice for starting a crypto fund. Our approach with Scalar that ended up working well

- ideal to be a small fund so easier to return multiples. Only a few funds can get away with large AUM & we couldn't compete with them. Small funds enable you to work with everyone
- didn’t spend time around building the fund's brand (only did media circuit when we were fundraising). Focused on building a good relationship with founders & got access to deals through word of mouth
- prioritized responding quickly to portfolio companies when they needed help. Couldn't always help but most important was to not do harm to them. Always caveated advice given & didn't need to have an opinion on everything
- treated founder's time as valuable in a pitch meeting. Came prepared to every fundraising meeting as mentality was we were lucky to be meeting with them
- stayed lean as a team, majority of it we operated as 3 people (2 research, 1 ops/finance)

Every person/fund is different, just sharing our experience

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

Focus on relationships, quick responses, preparedness, and staying lean are key for a successful small crypto fund