Joey Krug, who formerly held the position of co-chief investment officer at Pantera, marked a major milestone in his career with his announcement today on Twitter of his joining Peter Thiel’s Founders Fund as a partner. Bloomberg reported the news earlier. This is certainly a big move in the cryptocurrency venture capital space. Krug left Pantera back in February after spending six years there.
In his tweet, Krug shared that his focus will be on refining Founders Fund’s strategy in regards to cryptocurrency while also seeking out the next generations in crypto startups and founders to invest in. Peter Thiel founded the Founders Fund way back in 2005 with a few other co-founders from PayPal; some of the firms investments over the years include Facebook, SpaceX and AirBNB, as well as Block Green and Ordo finance.
January saw some major news revolving around Founders Fund when a Financial Times report revealed that their Bitcoin sales from 2022 grossed nearly $2 billion. It’s clear that the cryptocurrency investments for Founders Fund have been quite lucrative so far, and now that Joey Krug has come onboard we can expect to only see more success in the future. With the help of an experienced team, the focus on a long-term crypto strategy, and innovative methods to back the right startups, there’s certainly no limit to what the firm can do.
Eva Perez
- 2023-04-17
Joey Krug Joins Peter Thiel's Founders Fund
Bitcoin expert Joey Krug has joined Peter Thiel's Founders Fund as a partner. The investment firm's cryptocurrency investments have been very successful and with Krug now onboard, the firm can only expect more success as it pursues its strategy and looks for new crypto startups to invest in.
