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Coinbase Ventures investor Katherine Wu is leaving the corporate for early-stage crypto enterprise capital agency Archetype, lower than a yr after becoming a member of Coinbase as a senior deal lead in September. The transfer was first reported by Bloomberg.
“[T]oday is my final day at coinbase typically you’re taking that leap of religion and it simply would not land fairly right- that is okay!” Wu wrote in a tweet on Friday saying her departure.
Wu will work as a enterprise accomplice at Archetype, an early-stage VC based by Ash Egan, who’s an investor in various outstanding crypto startups, together with Chainalysis, BlockFi and FalconX, in keeping with the agency’s web site. Egan, who beforehand co-founded ConsenSys Ventures, has invested in renewable bitcoin miner US BTC Corp. and proof-of-attendance startup POAP via Archetype.
Wu instructed TechCrunch in a written message that she was “actually excited to be again doing what [I] do finest — lead funding in founders in crypto seeking to elevate their first spherical.” She stated she hopes to proceed to search out methods to make crypto extra accessible, citing the instance of the “Round The Block” podcast she co-hosted for Coinbase on business tendencies.
Coinbase Ventures had its most lively yr but in 2021, investing in practically 150 offers.
Archetype, previously often called Acrylic, raised $55 million final summer time from restricted companions, together with Cendana Capital, in addition to Accolade Companions, Confederate and Digital Foreign money Group. The Brooklyn, New York-based fund’s mandate is to speculate between $500,000 and $1.5 million into early-stage crypto startups, The Wall Avenue Journal reported in July.
Wu will make investments alongside Egan and principal Danny Sursock, the one two Archetype staff presently listed on the agency’s web site. Archetype and Coinbase couldn’t be reached for remark.
Earlier than Coinbase, Wu labored at pre-seed enterprise capital agency Notation and crypto information supplier Messari.
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