The investment arm of Web3 infrastructure giant AlchemyPlatform continues to back early-stage founders with new forms of operational support during the bear market. BrandyBetz reports.
during a $200 million fundraise in early 2022. The bear market has since crept in and all but stalled investments, but Alchemy continues to back early-stage investors.
The venture arm isn’t as return-focused as a traditional venture capital fund. While returns are still important, the firm has three other primary goals: attracting early-stage founders to the Alchemy ecosystem, gathering strategic intel to make better decisions for the Alchemy roadmap and growing out the main team through acquihires or full acquisitions.
“We felt strongly that the ideas and products that are going to define Web3 for the next 20 years are going to be built in the next two to three years. So we have to do everything in our power to help make that happen,” explained Almasi. “And for us being an infrastructure platform, we strongly believe that those ideas are going to be brought to life by developers.”
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