Hack VC

Hack VC is a prominent early-stage venture capital firm based in San Francisco, with a strong emphasis on the burgeoning cryptocurrency, Web3, and artificial intelligence sectors. Founded by Alex Pack and Ed Roman, the firm has established itself as a significant player in the digital asset space, extending its investment thesis to include fintech and marketplace innovations. Hack VC's strategy centers on identifying and nurturing foundational technologies and disruptive business models at their nascent stages, aiming to back companies that are building the next generation of internet infrastructure and applications.

The firm has demonstrated substantial growth in its asset under management (AUM), which now exceeds $1 billion. This significant capital base allows Hack VC to deploy considerable resources into its target markets. In March 2022, the firm announced the close of its latest funds, securing an additional $300 million. This capital was strategically divided into a $200 million flagship fund dedicated to early-stage crypto and Web3 investments, and a $100 million liquid opportunity fund designed for more flexible deployments in the secondary market or later-stage opportunities.

Hack VC typically engages with companies at the seed to Series A stages, providing crucial early capital and strategic guidance. Their investment approach is characterized by a deep understanding of the technical and market complexities within the Web3 ecosystem, often leveraging their network and expertise to support portfolio companies. The firm's typical first check sizes range from $500,000 to $5 million, indicating a commitment to substantial initial investments that can help nascent projects scale. Their portfolio includes notable names such as Mysten Labs, Aptos, Immutable, and Magic Eden, reflecting their ability to identify high-potential ventures within their specialized domains.