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Paradigm
Paradigm is an SEC-registered investment adviser in San Francisco, CA, registered since 2019. The firm manages approximately $11.9 billion in regulatory...
Paradigm
Paradigm is an SEC-registered investment adviser in San Francisco, CA, registered since 2019. The firm manages approximately $11.9 billion in regulatory assets. It has 61 employees and 13 investment advisers.
General information
Firm type
Private Equity
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Matt Huang
Co-Founder & Managing Partner
Alana Palmedo
Managing Partner
Fred Ehrsam
Co-Founder & Senior Advisor
Dan Robinson
General Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Paradigm?
Investment decisions are led by Co-Founder and Managing Partner Matt Huang and Managing Partner Alana Palmedo, supported by General Partners Dan Robinson, Georgios Konstantopoulos, and Frankie. Co-Founder Fred Ehrsam serves as Senior Advisor. The firm's website lists Huang and Palmedo as its most senior executives.
How does Paradigm source proprietary deal flow?
Paradigm's in-house research and engineering team ships open-source software, publishes papers, and contributes directly to core crypto infrastructure—including Ethereum tooling and zero-knowledge-proof systems. This builder collateral attracts founders at the idea stage, often before other investors are aware of the project, creating a sourcing funnel rooted in technical reputation rather than banker relationships.
Does Paradigm participate in fund commitments or only direct deals?
Paradigm makes direct investments, taking both equity and token positions in companies and protocols. The firm has not disclosed allocating to external venture funds. Its stated check-size range is $1M to $100M+, which it deploys across stages from pre-seed to growth.
What investment stages does Paradigm typically target?
The firm invests from the earliest stages—often pre-product—and continues through growth rounds. Its portfolio spans seed-stage bets such as Aztec and Succinct alongside later-stage positions in Coinbase, Citadel Securities, and Stripe.
Which sectors does Paradigm explicitly avoid?
Paradigm's website and portfolio do not list any explicitly excluded sectors. The firm's mandate is concentrated in crypto, AI, robotics, and frontier technology, with no observed investments in sectors such as consumer packaged goods, traditional industrials, or healthcare services.
Where does the underlying wealth come from?
Paradigm is a venture-style asset manager, not a single-family office. Its capital comes from external limited partners. Matt Huang and Fred Ehrsam brought operator and investment track records from Sequoia Capital and Coinbase, respectively, but the firm's AUM is LP capital, not a disclosed family fortune.
What is Paradigm's known posture on co-investments alongside external GPs?
Paradigm does not publicly market a co-investment program, though its portfolio overlaps with firms such as Sequoia, a16z, and Ribbit Capital across deals including Stripe and Coinbase. The firm typically leads or co-leads rounds and takes active board or advisory roles.
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