'We're still early across the board,' says CoinFund CIO

Quick Take

  • CoinFund CIO Alex Felix discusses allocating $158 million raised for early-stage crypto startups.

Episode 102 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and CoinFund Chief Investment Officer Alex Felix.

Listen below, and subscribe to The Scoop on Youtube, AppleSpotifyGoogle PodcastsStitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

Alex Felix is the Chief Investment Officer at CoinFund.

Back in July, CoinFund announced the raise of $158 million for a new early-stage crypto startup investment fund. 

In this episode, Felix explains how his firm is thinking about allocating the capital, and breaks down the institutional interest in early-stage crypto investing.


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According to Felix, the market is still discounting web'3 full potential:

"Almost everyone universally has under-appreciated, the size of the market opportunity for web3. It's open source, it's open competition — when we make this transition to web3 rails, it will be very hard to compete against for any web2 or other business model."

This episode is brought to you by our sponsor, PayPal.

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© 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.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].


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