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Youbin Kang
@youbinkang
1/ I'm thrilled to share that one of our portfolio companies, Neynar @neynar, pitched at the a16z @a16zcrypto CSX Demo Day in London. I remember when Mike from 1confirmation introduced Rish @rish to me last July.
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Youbin Kang
@youbinkang
2/ We had an intro call shortly after, and I learned they pivoted their product within weeks from an NFT project to what it is today. It took me just a few minutes to decide to invest in Neynar.
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Youbin Kang
@youbinkang
3/ I believe social dApps will have long-term growth potential, and Neynar is well-positioned as an infrastructure and platform provider for Farcaster @farcaster. Rish and his co-founder Manan @manan, who both previously worked together on the Coinbase Wallet team form a solid team.
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Youbin Kang
@youbinkang
4/ I'm excited to see them receive invaluable investment from top-tier VCs like Haun Ventures, a16z crypto CSX, Coinbase Ventures, and Union Square Ventures. Looking forward to witnessing the emergence of the next web3 Twitter, Facebook, or Instagram from the Neynar platform on top of Farcaster.
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Youbin Kang
@youbinkang
5/ https://fortune.com/crypto/2024/05/30/haun-ventures-coinbase-and-a16z-invest-11-million-in-neynar-a-toolbox-for-web3-social-networks/
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