Richard Chen

Richard Chen is a General Partner at 1confirmation, a prominent venture capital firm specializing in the cryptocurrency and Web3 space. Before co-founding 1confirmation, Chen gained valuable experience at Google Ventures (GV), where he focused on early-stage investments. This background provided him with a strong foundation in venture capital and a keen eye for disruptive technologies, which he later applied to the nascent blockchain industry, positioning him as a key figure in the evolving digital economy.

1confirmation, under Chen's leadership, has established itself as a dedicated early-stage investor in the crypto ecosystem. The firm primarily targets seed and Series A rounds, backing projects that are building foundational infrastructure, decentralized applications, and innovative protocols. Their investment thesis centers on identifying teams with strong technical expertise and a clear vision for advancing the decentralized web, aiming to support companies that can drive significant adoption and innovation within the Web3 paradigm.

Richard Chen and 1confirmation are known for their hands-on approach, often providing strategic guidance and network support to their portfolio companies. The firm typically deploys initial checks ranging from $1 million to $10 million, aiming to be a significant early partner to promising crypto startups. This range allows them to participate meaningfully in both seed and Series A rounds, reflecting their commitment to supporting projects from their nascent stages and helping them scale.

1confirmation has successfully raised multiple funds, demonstrating strong investor confidence in their strategy and market expertise. Their third fund, for instance, closed at $125 million in 2022, underscoring their substantial capital base for new investments. Their portfolio includes several high-profile companies within the crypto space, such as OpenSea, Coinbase, and Dapper Labs, showcasing their ability to identify and back future industry leaders. Chen's deep understanding of the crypto landscape and his proactive investment style have solidified his reputation as a pivotal investor in Web3 venture capital.