Crypto VC Scalar Capital co-founder is transitioning out of investor role
Quick Take
- Scalar Capital’s co-founder and managing director Linda Xie is transitioning out of her role.
- Instead of a full-time investor, Xie will now focus on building while still serving as the firm’s managing director.
Linda Xie, co-founder and managing director of the crypto VC Scalar Capital, is transitioning out of her investor role at the firm.
Instead of serving as a full-time investor, Xie announced on social media that she will be "going back to building." Both she and Jordan Clifford, the firm's other co-founder and managing director, will stay in their roles as a managing directors while the fund moves to maintenance mode, Xie told The Block.
"Nothing changes in terms of me continuing to support Scalar portfolio companies and it's the part that I enjoyed the most about being an investor," Xie wrote on X.
"The main thing that changes is Scalar won't be deploying new capital going forward," she added.
Xie said she is working on "something new in the crypto space" with Daniel Pyrathon.
Before Scalar
Before Scalar, Xie served as an advisor to 0x, a peer-to-peer decentralized exchange, and worked as a product manager for internal tools and data analytics at the crypto exchange Coinbase.
Scalar's other co-founder and current managing director, Jordan Clifford, was a software engineer at Coinbase.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
