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Welcoming Tony Sheng and The Next Steps For Multicoin Capital

Multicoin Capital
Kyle Samani
By Multicoin Capital AND Kyle Samani
October 1, 2019 | 2 minute read

Today I’m excited to announce that Tony Sheng has joined Multicoin Capital as a Principal on the investment team. With deep experience as a product leader at companies like Google, AltspaceVR (acquired by Microsoft), and Decentraland, he brings a unique, user-focused perspective to the firm and the ecosystem as a whole. He’ll be based in Los Angeles, and will be working on new deals and helping our existing portfolio companies.

Back when Tushar and I met at NYU 11 years ago, we bonded over our passion for high growth tech companies. The iPhone was new, and we were enthralled with opportunities that the iPhone would create. We debated things like whether RIM would survive, if Netflix could ever generate meaningful profits because of its dependence on studios, if SoLoMo (social/local/mobile) was going to be a big thing, if Groupon could ever be profitable, and more.

Tushar and I have had the good fortune to get to know Tony over the last 18 months. Our discussions with Tony about crypto have in many ways reflected Tushar and I’s discussions about tech a decade ago. The three of us have debated (and continue to) the opportunities for exchange tokens, layer 1 blockchains, the opportunity for crypto in gaming, the value of tokenizing securities, how to think about “how much and what types of decentralization are good enough?”, and more.

In that time, we invited Tony to speak at two of our Multicoin Summits, and Tony and I went skiing in Aspen earlier this year (Bonus: Tony is organizing a big crypto skiing trip this Winter… stay tuned).

We’ve gotten to know Tony very well, and have found him to be one of the most thoughtful, knowledgeable, and capable individuals we’ve ever met. Not only is he thoughtful, he can articulate his thoughts exceptionally well in writing. We’ve always found that concise writing is a sign of clear thinking, and Tony has demonstrated this in spades on his excellent blog.

The crypto market is still very young, and there is tremendous alpha to be captured in many ways. Things are only just starting to get interesting. With the all the right forms of capital— people, financial, social, service providers, and brand—we’re looking forward to our next stage of growth as a firm. We’ve made it from 0 to 1. Now to go from 1 to N.

Tony is helping us take a major step in that journey, and we couldn’t be more excited to welcome him to the Multicoin team.

Disclosure: Unless otherwise indicated, the views expressed in this post are solely those of the author(s) in their individual capacity and are not the views of Multicoin Capital Management, LLC or its affiliates (together with its affiliates, “Multicoin”). Certain information contained herein may have been obtained from third-party sources, including from portfolio companies of funds managed by Multicoin. Multicoin believes that the information provided is reliable but has not independently verified the non-material information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This post may contain links to third-party websites (“External Websites”). The existence of any such link does not constitute an endorsement of such websites, the content of the websites, or the operators of the websites. These links are provided solely as a convenience to you and not as an endorsement by us of the content on such External Websites. The content of such External Websites is developed and provided by others and Multicoin takes no responsibility for any content therein. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in this blog are subject to change without notice and may differ or be contrary to opinions expressed by others.

The content is provided for informational purposes only, and should not be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The contents herein are not to be construed as legal, business, or tax advice. You should consult your own advisors for those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by Multicoin, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Multicoin is available here: Excluded from this list are investments that have not yet been announced (1) for strategic reasons (e.g., undisclosed positions in publicly traded digital assets) or (2) due to coordination with the development team or issuer on the timing and nature of public disclosure. * This blog does not constitute investment advice or an offer to sell or a solicitation of an offer to purchase any limited partner interests in any investment vehicle managed by Multicoin. An offer or solicitation of an investment in any Multicoin investment vehicle will only be made pursuant to an offering memorandum, limited partnership agreement and subscription documents, and only the information in such documents should be relied upon when making a decision to invest.*

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