Reciprocal Ventures

For developers, the double forward slash means “new line here.” An invitation to comment and explore a better solution. For us, it’s a symbol of partnership. A pairing of forward thinkers: Reciprocal Ventures and the visionaries we back. With one playing off the other, a future of possibilities is about to be written. 

Your story is just beginning. RV//

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It’s been almost eight years since Reciprocal Ventures was founded, and Michael and I began investing in crypto. At that time, the concept of building anything on a blockchain, let alone high-quality applications, was still in its infancy. User experience on blockchain was slow and clunky, reminiscent of dial-up internet, crypto conferences hosted crowds in the hundreds—now in the tens of thousands, and both ‘decentralization’ and ‘ICOs’ were still far-away concepts.

Since that time, we’ve successfully raised and deployed two funds across various verticals in blockchain. From infrastructure to developer tooling to gaming and L1s themselves, our funds have allowed us to touch many facets of an industry that’s only growing by the day. As we approach the next milestone ahead, we think it’s important to take a moment to pause and reflect on how we got here and why we do what we do.

Reciprocal’s roots stem from the hedge fund world, where ideas and research are your intellectual property or edge. In that world, petabytes of data are crunched daily, in order to identify opportunities and discover “variant perceptions.” There isn’t much public discussion of how and why investments take place, as this would be disadvantageous to the firm. But in crypto, things are different.

In crypto, we operate with transparency, the fundamental foundation of a decentralized future. And in the spirit of transparency, we’re going to give you a glimpse into our “multi-thesis” approach to investing in crypto — which we believe to be pretty distinct to Reciprocal.