HackVC
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Hyperdrive raises $6M in a Series A funding round
Hyperdrive secures $6M in a funding round led by #HackVC and #ArringtonCapital , with participation from #DelphiVentures, #CMSHoldings, #AmberGroup, #SusquehannaInternationalGroup, #Caladan, #ProofVC and angel investors.
#Hyperdrive is a decentralized finance #DeFi platform focused on stablecoin lending and yield strategies within the #Hyperliquid ecosystem.
Hyperdrive secures $6M in a funding round led by #HackVC and #ArringtonCapital , with participation from #DelphiVentures, #CMSHoldings, #AmberGroup, #SusquehannaInternationalGroup, #Caladan, #ProofVC and angel investors.
#Hyperdrive is a decentralized finance #DeFi platform focused on stablecoin lending and yield strategies within the #Hyperliquid ecosystem.
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Is the crypto venture capital circle also doing a "blind date show"? HackVC's recent move is quite something!
Recently, there has been big news in the crypto space: the veteran venture capital firm HackVC has surprisingly created a "community round" investment group on the Echo platform. Doesn’t it sound like a dating website’s matchmaking event? In simple terms, it means letting the community participate in investment decisions together. This approach is very much in line with internet thinking—"He who wins the hearts of the people wins the world"!
Speaking of HackVC's leader, Alexander Pack, he is quite the veteran in crypto. He spotted cryptocurrency early on while mingling in the Hong Kong finance circle, later moved to Bain Capital to focus on crypto investments, and in 2018, he partnered with Feng Bo to establish Dragonfly Capital, which has now become a heavyweight in Asian crypto funds. In 2020, he went solo and founded HackVC, a name that sounds hardcore—"Hackers investing in hackers", specifically targeting technical experts.
Just look at their team configuration: the managing partner is a founder of hackathons, and one research partner is an Ethereum whiz, while another works on blockchain for IBM. This lineup in the investment circle is like forming a team to play esports, focusing solely on projects with strong technical output. New blockchain stars like Berachain and EigenLayer have already been scooped up by them.
Why suddenly start a community round? Isn’t it because the crypto market has recently faced a crisis of trust, with VCs being criticized for "only harvesting retail investors"? Now, they’ve switched to the mass line, allowing the community to participate in decision-making, which is both down-to-earth and a way to divert blame—"This is a project chosen by the community, so don’t blame me for any losses"! However, this move is indeed clever, as it diversifies risk while boosting their presence.
Personally, I think this community round is like a "democratic experiment" in the crypto world. Previously, VCs were elite clubs, but now they need to rely on grassroots support. After all, in the blockchain world, code is justice, and consensus is king. Those old-school VCs engaged in office politics are likely to be washed away by the tide of code!
Recently, there has been big news in the crypto space: the veteran venture capital firm HackVC has surprisingly created a "community round" investment group on the Echo platform. Doesn’t it sound like a dating website’s matchmaking event? In simple terms, it means letting the community participate in investment decisions together. This approach is very much in line with internet thinking—"He who wins the hearts of the people wins the world"!
Speaking of HackVC's leader, Alexander Pack, he is quite the veteran in crypto. He spotted cryptocurrency early on while mingling in the Hong Kong finance circle, later moved to Bain Capital to focus on crypto investments, and in 2018, he partnered with Feng Bo to establish Dragonfly Capital, which has now become a heavyweight in Asian crypto funds. In 2020, he went solo and founded HackVC, a name that sounds hardcore—"Hackers investing in hackers", specifically targeting technical experts.
Just look at their team configuration: the managing partner is a founder of hackathons, and one research partner is an Ethereum whiz, while another works on blockchain for IBM. This lineup in the investment circle is like forming a team to play esports, focusing solely on projects with strong technical output. New blockchain stars like Berachain and EigenLayer have already been scooped up by them.
Why suddenly start a community round? Isn’t it because the crypto market has recently faced a crisis of trust, with VCs being criticized for "only harvesting retail investors"? Now, they’ve switched to the mass line, allowing the community to participate in decision-making, which is both down-to-earth and a way to divert blame—"This is a project chosen by the community, so don’t blame me for any losses"! However, this move is indeed clever, as it diversifies risk while boosting their presence.
Personally, I think this community round is like a "democratic experiment" in the crypto world. Previously, VCs were elite clubs, but now they need to rely on grassroots support. After all, in the blockchain world, code is justice, and consensus is king. Those old-school VCs engaged in office politics are likely to be washed away by the tide of code!
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