Coinbase Ventures investor Katherine Wu is leaving the corporate for early-stage crypto enterprise capital agency Archetype, lower than a 12 months after becoming a member of Coinbase as a senior deal lead in September.
“[T]oday is my final day at coinbase typically you are taking that leap of religion and it simply doesn’t land fairly right- that’s okay!” Wu wrote in a tweet on Friday asserting her departure.
Wu will work as a enterprise associate at Archetype, an early-stage VC based by Ash Egan, who’s an investor in a variety of outstanding crypto startups together with Chainalysis, BlockFi, and FalconX, in accordance 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 by way of Archetype.
Wu advised TechCrunch in a written message that she was “actually excited to be again doing what [I] do finest — lead funding in founders in crypto trying 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 trade developments.
Coinbase Ventures had its most energetic 12 months but in 2021, investing in practically 150 offers.
Archetype, previously referred to as Acrylic, raised $55 million final summer time from restricted companions together with Cendana Capital, in addition to Accolade Companions, Confederate, and Digital Forex Group. The Brooklyn, NY-based fund’s mandate is to take a position 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 at the moment 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 knowledge supplier Messari.