1confirmation

What they do

Founded in 2017 by early Coinbase employee Nick Tomaino, 1confirmation is an early-stage venture fund investing at the bleeding edge of the cryptocurrency space. The firm is backed by prominent individuals like Peter Thiel, Marc Andreessen, and Mark Cuban, as well as institutional LPs like Horsley Bridge. They position themselves as strong, high-conviction partners for founders, taking a contrarian mindset to invest in projects that redefine the internet's architecture and promote financial inclusivity. Recently, they have expanded their operational scope beyond passive investing by actively acquiring and revitalizing Web3 intellectual property.

What they look for

1confirmation's core thesis is that "Open networks are empowering the masses." They aim to support exceptional founders who are fueling the decentralization of the web and society. They look for founders developing new crypto tokens, blockchain-related assets, decentralized finance (DeFi) protocols, NFTs, Web3 gaming, and cross-border payment infrastructure, with a focus on real-world utility.

Stage

Pre-seed, Seed, Series A

Sectors

Fintech, Media, AI

Based

Incline Village, US