NewsNovo
The tension in Paradigm's latest fund raise is not the dollar amount.
A crypto-native venture firm collecting $1.2 billion to move into artificial intelligence and other frontier industries is a claim about where the next cycle of value creation sits, made by a firm whose standing came entirely from a different asset class.
Beyond the crypto mandate Paradigm established itself as a crypto-focused venture firm. Its latest fund, at $1.2 billion, broadens that mandate.
The firm is widening its investment scope toward AI and other frontier industries. No specific targets or timelines have been named. The counterargument The counterargument is structural and worth taking seriously.
Keep reading