Rapture #143: My Favorite Crypto Funds by Strategy Part 3

Rapture #143: My Favorite Crypto Funds by Strategy Part 3

Just as a quick sidenote, if you are here at ETH Denver and want to meet up, feel free to shoot me an email! Now, back to our regularly scheduled programming.

In part 1 of this series, I discussed how Arca is my favorite fundamental fund and Three Arrows Capital (3AC) is my favorite macro fund. In part 2, I examined why Jump Trading was the top HFT fund and how Paradigm has been the most dominant crypto VC.

Today, I will quickly cover the top investment DAO in crypto.

Investment DAO

While investment DAOs are starting to take off, as indicated by large raise like BitDAO attracting more than $230 million last year in primary investment last year, there is one investment DAO that has been killing it for years.

The LAO, which is an investment collective operated by Aaron Wright and Priyanka Desai, likely manages the hundreds of millions considering nearly $50 million of ETH was contributed to the DAO. The $50 million does not include the current value of their portfolio, which is now most comprised of investments they will not disclose. Some of the highlights of the publicly shared ones are Maple Finance, SuperRare, and Potion. The DAOs members include already successful entrepreneurs from crypto, including many of the founders from leading DeFi projects.

Furthermore, even the sister funds that of The LAO are incredibly impressive. FlamingoDAO, an NFT oriented investment DAO, is rumored to have increase their portfolio of NFTs from $10 million to $1 billion+. FlamingoDAO was also the first NFT specialized investment entity that I had heard of.

While many have yet to hear of The LAO, it truly is one of the coolest funds in crypto.

Interested in Hearing your Thoughts

While I know the OG crypto funds, there have been many that have sprouted up over the past couple years that I likely do not know about.

I would be very interested in hearing if any of you all have come across a fund that is compelling that was launched only in the past year or two. Crypto is still so early, and I am sure there are plenty of innovation to be had in fund innovation, especially in regards to yield farming specialized funds or funds that focus on delta neutral strategies.


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