Arrington Capital
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Arrington Capital is crypto royalty riding on Michael Arrington's TechCrunch fame, but here's what founders need to know: they're genuinely crypto-native since 2017, not tourists. The fund had a rough 2022 when they had to scrub their $100 million Anchor Yield Fund from their website after the Terra/UST collapse. This shows they'll take big swings but also demonstrates the kind of ecosystem-specific concentration risk that comes with their thesis-driven approach. Arrington XRP Capital operates as a fully crypto-denominated fund using XRP as its base currency for all transactions and leverages Ripple's infrastructure for faster cross-border settlements, while also acting as an active network participant by running validator nodes and hosting ecosystem events rather than just buying tokens. The firm combines Michael Arrington's Silicon Valley background and media influence with systematic trading capabilities through its merger with ByteSize Capital. The upside? Arrington's media connections can genuinely move markets and get you press coverage. The downside? In 2013, Harde defended Arrington publicly in the face of allegations of sexual and physical abuse by former girlfriends. While Heather has transitioned to strategic advisor, founders should know this fund operates with Silicon Valley old-school mentality.
- —Best for: Crypto-native founders who want genuine ecosystem expertise and media firepower
- —Watch out for: Concentration risk and ecosystem-specific bets that can implode spectacularly
- —Known for: TechCrunch connections, XRP-denominated fund structure, and taking big swings on Layer 1s
Arrington Capital is a thesis-driven firm dedicated to investing in digital assets and Web3. Since 2017, we've invested in over 200 early-stage companies within the crypto ecosystem. Arrington Capital aims to back innovative projects that are shaping the future of decentralized finance, blockchain infrastructure, and tokenization. The firm operates with a thesis-driven investment approach, targeting startups that demonstrate strong potential for growth and impact within the Web3 space.
Arrington Capital has made 43 investments in Seed stage with an average round size of $6.62M, 21 investments in Series A stage with an average round size of $10.2M and 6 investments in Post IPO stage with an average round size of $372M. Arrington Capital has a diverse portfolio, with companies operating in the Blockchain Technology, FinTech, High Tech, Blockchain - Industry Applications and Enterprise Applications. Notably, it has invested in 73 Tech companies, 59 Blockchain companies, 46 Enterprise (B2B) companies and at least 44 companies focusing on Consumer (B2C).
Michael was the Editor of TechCrunch, which he founded in 2005. In 2008 Time Magazine named Michael "One of the World's 100 most influential people". His venture investments include Uber, Airbnb and Pinterest. Former securities lawyer turned media mogul who co-founded CrunchFund before diving full-time into crypto with Arrington XRP Capital.
Heather Harde is Partner of Arrington XRP Capital, Formerly CEO at TechCrunch with broad tech-media & finance background and interest in supporting entrepreneurs. Most recently, she was part of the founding team at Fox Interactive Media and their SVP Mergers & Acquisitions. Her team spent over $1.3 billion on eight acquisitions and two equity deals during her tenure. However, Harde transitioned to strategic advisor in 2023.
Since 2015, Ravi has accumulated significant exposure to digital assets through liquid tokens, venture funds, hedge funds and more than 50 direct investments. Ravi's stellar background is a strong complement to Arrington's other fund partners, particularly as the firm continues to expand both its private venture portfolio and liquid trading business. Over the last 25+ years, Ravi has worked at several major fund alternative fund management companies, including Duquesne Capital Management and Seasons Capital Management
Colton's track record aligns with the overall goal of Arrington Capital to continue to find and support the best founders as the web3 industry matures. His stellar background as a web3 builder, trader, and early-stage investor has been invaluable to the firm. Colton joins Arrington Capital after founding Prime Protocol, the first decentralized perpetual swap protocol, bringing both founder and quantitative trading experience.
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