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Dan Romero

North America, California, United States, Los Angeles

Description

Dan Romero is a highly influential angel investor with a pronounced focus on the burgeoning Web3 and cryptocurrency sectors. His formidable background as a former Vice President and early employee at Coinbase, where he departed in 2020, provides him with unparalleled industry expertise and an extensive network within the blockchain ecosystem. This deep operational experience at one of the world's leading crypto exchanges positions him as a strategic partner rather than just a capital provider for the startups he backs.

Romero's investment thesis centers on identifying and supporting foundational projects that are building the core infrastructure and applications for the decentralized web. His impressive portfolio includes early investments in significant players such as Uniswap, Optimism, Arbitrum, and Dune Analytics, demonstrating a keen eye for disruptive technologies and scalable solutions. He primarily engages with companies at the pre-seed and seed stages, often providing critical strategic guidance, mentorship, and access to his vast network, which is invaluable for nascent ventures navigating the complex crypto landscape.

As an active participant in the ecosystem, Romero's angel portfolio, as tracked on platforms like Crunchbase, lists over 30 distinct investments, underscoring his consistent engagement in the space. His typical first check sizes are aligned with those of prominent angels in the highly competitive crypto market. While specific figures can vary, his contributions generally range from $50,000 for smaller, high-conviction pre-seed rounds up to $500,000 for more substantial participations in competitive seed rounds. This range reflects his capacity to make meaningful financial contributions to early-stage companies.

Beyond his role as an investor, Romero is also a co-founder of Farcaster, a decentralized social network, further solidifying his commitment to actively building the future of the internet. His multifaceted involvement, combining deep operational experience, strategic angel investing, and direct entrepreneurial endeavors, makes him a pivotal figure in the Web3 startup landscape, consistently contributing to the growth and innovation of the decentralized economy.

Investor Profile

Dan Romero has backed more than 24 startups, with 4 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in United States, Bermuda, United Kingdom.
  • Strong thematic focus on Software, Blockchain, Cryptocurrency.
  • Typical check size: $50K – $500K.

Stage Focus

  • Seed (46%)
  • Series A (17%)
  • Pre Seed (17%)
  • Series Unknown (8%)
  • Series B (4%)
  • Angel (4%)
  • Undisclosed (4%)

Country Focus

  • United States (75%)
  • Bermuda (4%)
  • United Kingdom (4%)

Industry Focus

  • Software
  • Blockchain
  • Cryptocurrency
  • Messaging
  • Information Technology
  • Web3
  • Apps
  • Financial Services
  • Fintech
  • Insurtech
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Dan Romero frequently co-invest with?

a16z crypto
North America, California, United States, Menlo Park
Co-Investments: 3
Protocol Labs
North America, California, United States, San Francisco
Co-Investments: 3
IC
North America, California, United States, San Francisco
Co-Investments: 4
Xoogler
North America, California, United States, San Francisco
Co-Investments: 2
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 4
Nascent
North America, California, United States, San Francisco
Co-Investments: 3
OV
North America, New York, United States, New York
Co-Investments: 2
6th Man Ventures
North America, New York, United States, New York
Co-Investments: 3
Superscrypt
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 2

Which angels does Dan Romero often collaborate with?

Patricio Worthalter
South America, Buenos Aires, Argentina
Shared Deals: 3
Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 5
AP
North America, California, United States, San Francisco
Shared Deals: 3
RS
North America, New York, United States, New York
Shared Deals: 4
RG
North America, California, United States, San Francisco
Shared Deals: 3
SK
Europe, England, United Kingdom, London
Shared Deals: 4
DF
North America, California, United States, Penngrove
Shared Deals: 4
MD
North America, New York, United States, New York
Shared Deals: 3
SB
North America, New York, United States, New York
Shared Deals: 3
NR
North America, California, United States, San Francisco
Shared Deals: 3

What are some of recent deals done by Dan Romero?

Merit Systems

Brooklyn, New York, United States

Merit Systems aims to solve the "attribution problem" in software development.

AppsInformation TechnologySoftware
SeedJan 16, 2025
Amount Raised: $10,000,000

Commonware is a startup that develops "state-of-the-art" blockchain primitives to help developers fine-tune their networks.

BlockchainCryptocurrencyFinTech
Series UnknownDec 11, 2024
Amount Raised: $9,000,000
Praxis

New York, New York, United States

Praxis is building a new city.

CommunitiesReal EstateSmart Cities
UndisclosedOct 15, 2024
Amount Raised: $525,000,000
Yup

New York, New York, United States

Crypto social network that rewards and empowers curators

BlockchainBrowser ExtensionsInternetSocial Network
Series UnknownJul 24, 2024

Agora operates as a cross-chain governance platform.

Information TechnologySoftware
SeedMay 1, 2024
Amount Raised: $5,000,000

Explore Farcaster through far.quest!

Pre SeedJan 15, 2024
Amount Raised: $1,000,000
Meanwhile

Hamilton, Hamilton, Bermuda

BTC-denominated life insurance

BitcoinCryptocurrencyFinancial ServicesFinTechInsuranceInsurTechLife Insurance
SeedJun 6, 2023
Amount Raised: $19,000,000
Hyper

San Francisco, California, United States

Building the hyperverse. We let people stream, make content, and make friends as an avatar.

AppsMessagingMetaverseSocial Network
SeedJun 6, 2023
Amount Raised: $3,600,000
Airstack

Miami Beach, Florida, United States

Airstack is an artificial intelligence-powered platform that allows on-chain data across projects and blockchains.

Artificial Intelligence (AI)BlockchainDeveloper APIsWeb3
Pre SeedMay 17, 2023
Amount Raised: $3,700,000
Huddle01

Middletown, Delaware, United States

Building the decentralized real-time communication network.

BlockchainInformation TechnologySoftwareVideo Conferencing
SeedApr 6, 2023
Amount Raised: $2,800,000