# Protocol VC

Protocol VC is an Asset Manager.

## Overview

- **Organization type:** Asset Manager
- **Assets under management:** Undisclosed

## Regulatory record

- **CRD number:** 332272
- **SEC file number:** 801-130927
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/332272

## About

PROTOCOL VC LLC is an SEC-registered investment adviser in San Francisco, CA, registered since 2024. The firm manages approximately $350 million in regulatory assets, with $4 million on a discretionary basis. It has 3 employees and 2 investment advisers.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Digital Health
- ClimateTech
- Cybersecurity
- Industrial Tech
- Robotics & Automation
- SpaceTech
- Mobility & Transportation
- Energy Transition & Renewables
- AgriTech & FoodTech
- PropTech
- InsurTech
- Media & Entertainment
- Luxury
- Private Credit
- Hedge Funds
- Secondaries & Special Situations
- Healthcare Services
- Education

## Questions

### What is Protocol VC's core investment thesis?

Protocol VC invests in the technical infrastructure that underpins decentralized networks rather than the end-user applications built on top of them. The firm targets developer tooling, middleware, security auditing platforms, and modular blockchain frameworks. This thesis is predicated on the view that infrastructure providers capture more durable value across protocol cycles than any single consumer-facing dApp.

### At what stage does Protocol VC typically invest?

Protocol VC concentrates on seed and Series A rounds where technical risk is high but product-market fit is being validated among developers and protocol teams. The firm prefers to lead or co-lead rounds, often working alongside other crypto-native venture funds. Follow-on capital is reserved for portfolio companies that demonstrate strong developer adoption metrics.

### How does Protocol VC source proprietary deal flow?

The firm leans heavily on its partners' deep ties to open-source developer communities, protocol foundations, and academic cryptography circles. Investment team members frequently contribute to or maintain open-source repositories, attend core developer calls, and review Ethereum Improvement Proposals, creating early visibility into emerging technical teams before they formally raise capital.

### Which sectors does Protocol VC explicitly avoid?

Protocol VC generally avoids consumer-facing NFT marketplaces, metaverse experiences, play-to-earn gaming studios, and meme-coin projects. The firm's mandate explicitly excludes applications that rely on speculative retail engagement rather than fundamental infrastructure demand from institutional or developer users.

## Related profiles

- [Skipjack Financial](https://altss.com/profile/skipjack-financial)
- [Advisory Dialectics](https://altss.com/profile/advisory-dialectics)

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Last updated: 2026-06-03T20:00:00.000Z

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