Hash3 To Launch $29 Million Seed-Stage Crypto Fund For Early-Stage Startups
Key Points:
- Hootie Rashidifard launched Hash3, a crypto fund with a $29 million investment aimed at early-stage startups.
- The fund’s largest focus area is infra/middleware, and it aims to become a collective of like-minded individuals across the portfolio and lp base.
- Hash3’s investment framework is listed publicly, and Hootie is willing to lead, co-lead, or participate in fundraising rounds, and he likes to meet founders early.
Hootie Rashidifard launches $29m Hash3 seed-stage crypto fund for early-stage startups. Invests $250k-$1M for an open and permissionless future. Open for business.
Hootie Rashidifard has launched a new seed-stage crypto fund, Hash3, with a $29 million investment aimed at early-stage startups. The fund will invest between $250,000 and $1 million in passionate founders with the goal of building an open and permissionless future.
Hash3 has made ten investments thus far, including Ajna.finance, Crossmint, and EigenLayer. The fund has been quietly active for the past year, and its largest focus area is infra/middleware. Hash3 aims to become a collective of like-minded individuals, spanning across the portfolio and lp base.
Hash3’s investment framework is listed publicly, and the investment criteria serve as a starting point for determining whether a prospective opportunity fits the fund’s underwriting model. When evaluating protocols, Hootie’s philosophy is that decentralized protocols must maintain immutability, trust minimization, censorship resistance, robust economic policy, and utility to drive a sustainable business model. These are core principles that result in robust participant incentives.
Hootie Rashidifard has a history of investing in crypto and fintech, having spent five years at Canaan Partners, a $7B AUM early-stage fund, where he invested in crypto and fintech starting in 2017. Prior to investing, he worked on the business operations team at LinkedIn (acquired by Microsoft) and in tech investment banking. He graduated cum laude with a B.A. in Mathematics and Economics from Northwestern University.
For founders seeking investment, Hash3 is open for business and actively investing. Hootie is willing to lead, co-lead, or participate in fundraising rounds, and he likes to meet founders early. He can be reached by direct message.
According to a blog post, Hash3 has partnered with experienced advisors who are incentivized to support their portfolio, including:
- Surojit Chatterjee (Former Chief Product Officer at Coinbase)
- Yuga Cohler (Senior Staff Engineer at Coinbase)
- Corey Miller (Growth and Product at dYdX)
- Gokul Rajaram (Exec at DoorDash; Board Member at Coinbase, Pinterest)
- Ramani Ramachandran (Founder of Router Protocol)
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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