Cherry Crypto

Today, alongside my partners Brett and Yannis, we announced the launch of Cherry Crypto, a first check crypto fund. We wrote a post outlining our strategy and shared it on our new website here.

We’ve been investing in crypto at Cherry Ventures since 2018, and are now formalizing our efforts with a dedicated fund.

Early-stage crypto investing shares many similarities with traditional early-stage investing but also presents some unique differences. In crypto, investments are made not only into centralized companies but also into decentralized networks, where the primary value-accruing assets are tokens rather than equity. These tokens are often liquid early, trade on open markets 24/7, and can experience significant volatility.

To account for these differences and build a long-term strategy positioned for success, we believe that a separate fund, with an aligned LP base and a dedicated team is the way to go.