Coinbase Ventures investor Katherine Wu is leaving the corporate for early-stage crypto enterprise capital agency Archetype, lower than a 12 months after becoming a member of Coinbase as a senior deal lead in September. The transfer was first reported by Bloomberg.
“[T]oday is my final day at coinbase generally you are taking that leap of religion and it simply doesn’t land fairly right- that’s okay!” Wu wrote in a tweet on Friday asserting her departure.
Wu will work as a enterprise companion at Archetype, an early-stage VC based by Ash Egan, who’s an investor in various distinguished crypto startups, together with Chainalysis, BlockFi and FalconX, in response to the agency’s web site. Egan, who beforehand co-founded ConsenSys Ventures, has invested in renewable bitcoin miner US BTC Corp. and proof-of-attendance startup POAP by way of Archetype.
Wu advised TechCrunch in a written message that she was “actually excited to be again doing what [I] do finest — lead funding in founders in crypto seeking to increase their first spherical.” She mentioned she hopes to proceed to seek out methods to make crypto extra accessible, citing the instance of the “Round The Block” podcast she co-hosted for Coinbase on trade tendencies.
Coinbase Ventures had its most lively 12 months but in 2021, investing in nearly 150 deals.
Archetype, previously generally known as Acrylic, raised $55 million final summer time from restricted companions, together with Cendana Capital, in addition to Accolade Companions, Confederate and Digital Forex Group. The Brooklyn, New York-based fund’s mandate is to take a position between $500,000 and $1.5 million into early-stage crypto startups, The Wall Avenue Journal reported in July.
Wu will make investments alongside Egan and principal Danny Sursock, the one two Archetype workers at present listed on the agency’s web site. Archetype and Coinbase couldn’t be reached for remark.
Earlier than Coinbase, Wu labored at pre-seed enterprise capital agency Notation and crypto information supplier Messari.