Get the best insights in crypto delivered directly to your inbox. Subscribe to our newsletter below.

mail icon

New Investment Partners at Multicoin

Kyle Samani
March 9, 2023 | 2 minute read

Today I’d like to announce that two of our longest standing members of our investment team, Spencer Applebaum (LinkedIn, Twitter) and Shayon Sengupta (LinkedIn, Twitter), have been promoted to Investment Partner.

Both of them have done great work in finding lucrative trades in public markets, and in sourcing and winning competitive deals in private markets. But most importantly, both have also worked closely with many of our founders over the past several years to help them succeed. Teams consistently rave about how they roll up their sleeves, do the work, help shape strategy, and navigate delicate situations when they arise. To say the least, they have proven themselves as not only capable investors but also as capable operators.

Although their titles have changed, their core focus will not: they will continue to lead deals for the firm and help founders with their most pressing challenges.

In an industry as fast paced and dynamic as crypto, I find that a team with deep experience is a significant advantage. And with so many new protocols and emerging technologies, deep thinkers like Spencer and Shayon—who have persevered through multiple market cycles—are well positioned to help founders—and thus Multicoin—succeed.

Additionally, I’ve always believed in the importance of building a team that is not only knowledgeable but also committed to the industry. Spencer and Shayon have been with us for five and three years respectively, and have demonstrated that in spades. We have had low turnover across both our partnership and investment team, and when individuals work together for years they develop a level of familiarity and trust that cannot be recreated or replicated quickly. This familiarity allows for faster decision-making, better communication, and ultimately better returns.

Spencer and Shayon help further round out our investment team, and ensure that we can continue to make investments and help founders in our own deeply personal, hands-on style for years ahead.

Please join me in congratulating and recognizing them, and feel free to reach out to Spencer and Shayon to chat about deals or the market more broadly.

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.*

Past performance does not guarantee future results. There can be no guarantee that any Multicoin investment vehicle’s investment objectives will be achieved, and the investment results may vary substantially from year to year or even from month to month. As a result, an investor could lose all or a substantial amount of its investment. Investments or products referenced in this blog may not be suitable for you or any other party.

Multicoin has established, maintains and enforces written policies and procedures reasonably designed to identify and effectively manage conflicts of interest related to its investment activities. For more important disclosures, please see the Disclosures and Terms of Use available at and