10T Holdings
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Tapiero is one of the few VCs who actually "gets" crypto infrastructure at scale — this isn't some converted Web 2.0 fund trying to catch the wave. They claim to be "the only growth equity fund in the world solely focused on crypto" and are "dictating pricing" right now, which is either confidence or arrogance depending on your perspective. Six exits in one year including Circle, Gemini, eToro IPOs and the Deribit acquisition is genuinely impressive. The rebrand to 50T and updated projection of $50 trillion ecosystem value feels very 2021-ish, but their portfolio performance suggests they're not just hot air. The fact that the two original co-founders "went their separate ways" with Stan Miroshnik starting his own fund TenSquared raises questions about internal dynamics, though both seem to have maintained their 10T positions.
- —Best for: Late-stage crypto companies with real revenue looking for growth capital
- —Watch out for: Fund partnership changes and potentially inflated market projections
- —Known for: Blue-chip crypto portfolio with multiple successful exits
10T is a mid- to late-stage growth equity fund that is building a diversified portfolio of leading private companies that are enabling the digital asset ecosystem ("DAE"). They launched in 2020 with the belief that the digital asset ecosystem would grow from $300 billion to $10 trillion in 10 years, and now estimate they're already at $5 trillion, far exceeding their initial timeline.
Their financial commitment ranges from $100K-$5M with a sweet spot of $1.5M, specializing in Seed, Series A, and Series B funding rounds, though they actually focus on digital asset companies with market valuations over $500 million through primary funding rounds and secondary market purchases. They describe themselves as "the only growth equity fund in the world solely focused on crypto" that doesn't "do seed or venture" and are "dictating pricing" in the current market.
Former Tiger Management and Duquesne Capital Management veteran who worked under Julian Robertson and Stanley Druckenmiller. Built a career spanning over three decades in traditional finance with doctorate from Brown University before turning to blockchain. Known for his bullish outlook on digital asset industry growth and has been actively raising funds in this space.
Brings nearly 20 years of experience in investment banking, corporate finance, and venture capital, starting his career at Morgan Stanley as Executive Director across New York, London, and Emerging Markets. Previously CEO of Element/Actual Group (digital assets investment bank) and CEO of The Argon Group. Known for transparency, creativity, governance leadership, and deep engagement with portfolio companies.
Founder of Dubilier & Co., brings over 35 years of experience in private equity and direct investing in industrial, consumer, and technology companies. Entered the investment field in 1983 with over 30 years of experience in private equity, direct investments, and entrepreneurship.
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