Sidelined crypto VCs are jumping back into the market

Venture Capital • February 22, 2023, 6:00AM EST
The Block

Episode 14 of Season 5 of The Scoop was recorded remotely with The Block's Frank Chaparro and 1kx Founding Partner Lasse Clausen.

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After sitting on the sidelines during the bull market mania of 2021 and the early part of 2022, early-stage investment firm 1kx has been deploying at a "frantic" pace since the third quarter of last year, according to Founding Partner Lasse Clausen.

"We really like the bear markets," Clausen said, "We know that this is the good time to be very actively investing."

1kx has a policy of holding onto its crypto investments for at least three years, which Clausen suggests is a good guideline given the industry's rapid rate of development:

"The space overall just innovates much much faster than anything else, so I think a three to five year time frame makes sense for crypto venture."

During this episode, Chaparro and Clausen also discuss:

  • Why 1kx is betting on zk-tech to take Ethereum from '0 to 1'
  • Opportunities in 'NFT financialization'
  • Development of on-chain identity

This episode is brought to you by our sponsors Circle, Railgun, Flare Network

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