Future\Perfect Ventures

Jalak Jobanputra, the firm's founder and managing partner, is the sole decision-maker. She established FPV as a solo GP fund in 2014, and the firm has not publicly announced any additional general partners. Jobanputra's prior venture experience includes partner roles at Intel Capital and the Omidyar Network, and she has been investing in internet and mobile infrastructure companies since 1999.

Future\Perfect Ventures takes traditional equity positions in early-stage companies building blockchain infrastructure, with no public participation in token-only rounds. The firm's thesis targets picks and shovels — base-layer protocols, middleware, and decentralized application platforms — rather than holding liquid crypto assets. Portfolio companies like Blockstream (Bitcoin infrastructure) and Everledger (supply chain provenance) reflect this equity-first, infrastructure-layer approach.

The firm primarily relies on Jobanputra's direct network within the blockchain developer community, built over a decade of investing in the space before it attracted broad venture interest. Her early backing of core infrastructure teams — when few VC firms were willing to underwrite seed-stage protocol companies — created a reputational advantage that draws proprietary deal flow from technical founders building at the protocol and middleware layers.

Future\Perfect Ventures makes direct equity investments in seed and early-stage companies. There is no public record of the firm participating as a limited partner in other venture funds, which is consistent with its concentrated, conviction-driven strategy. The firm does not operate as a fund-of-funds or allocate to external managers.

The portfolio spans three primary regions: the United States (Abra, Blockstream), Europe and the UK (Everledger), and frontier markets in Africa and India. The investment in BitPesa, a cross-border payments company serving Kenya and Nigeria, was among the earliest institutional VC bets on blockchain infrastructure in Sub-Saharan Africa.

The firm engages directly with regulators; Jobanputra was appointed to the CFTC's Technology Advisory Committee in October 2023, advising the commission on blockchain and digital asset markets (per the CFTC, October 2023). Her public commentary emphasizes the need for regulatory frameworks that distinguish infrastructure-layer protocols from speculative token offerings, aligning with the firm's thesis.

Jobanputra's thesis was that distributed ledger technology represented an architectural shift comparable to the internet protocol stack in the 1990s, and that the infrastructure layer would need to be built first. She raised FPV's debut fund deliberately ahead of the 2017 ICO wave, enabling the firm to back founding teams — including Blockstream and BitPesa — that were building core protocol infrastructure rather than applications riding on existing rails.