Summary
TLDR: Hack VC has raised $150 million to invest in early-stage Web3 companies, with a focus on modular infrastructure and tokenized real-world assets. The firm has unicorns in its portfolio but has also invested in unsuccessful projects. Crypto venture activity is on the rise, with Hack VC joining other firms in announcing new funds amid a growing bull market.
Key Points
1. Hack VC has raised $150 million to invest in early-stage Web3 companies, with the round being oversubscribed.
2. The firm’s major thesis has been modular infrastructure, focusing on investing in tokenized real-world assets to “build better stablecoins.”
3. Hack VC has unicorns like Sui and Helium in its portfolio, but has also invested in unsuccessful projects like Terra and BlockFi.