’s venture fund hires former tech journalist Jon Russell Capital has named former TechCrunch journalist Jon Russell as its newest partner, according to an announcement.

The $200 million venture capital fund, launched by in March 2021, writes cheques for up to $10 million for early stage web3 startups — and invests in both tokens and equity.

It has so far backed the likes of crypto security firm Ledger, avatar-maker Genies, and DeBank, the decentralized wallet.


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Russell is a veteran tech journalist who spent five years at TechCrunch covering the Asian market before joining media startup The Ken. He will work under co-founder Bobby Bao, who leads the wallet firm's venture arm.

“I’ve had offers to move into crypto full-time before but is the most ambitious company in web3,” said Russell in a statement. “The Capital fund brings a very unique advantage to help the world’s best web3 founders and startups to realise their potential and I can’t wait to play my part.”

While the move from journalism to venture capital is unusual, it is not without precedent. Notably, Welsh billionaire Michael Moritz spent his early career as a journalist before joining Sequoia Capital.

About Author

Ryan Weeks is deals editor at the The Block, focused on fundraising, M&A and institutional trends in the crypto space, among other things. He is particularly interested in investigative work — so please send tips! Ryan previously worked at Financial News, Dow Jones as a fintech correspondent in London. Prior to that, he wrote for several different publications, including Sifted, AltFi and Wired. Beyond journalism, Ryan is a keen reader and writer. He enjoys all things active, especially running, rugby, climbing and tennis.

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