JK

Joey Krug

Partner at Founders Fund

San Juan

Overview 

Joey Krug is a Partner at Founders Fund and a Co-Founder at Eco and Augur, with a notable career investing in companies like Sentient, Avail, Polymarket, and Offchain Labs. He has held advisory and board positions at various organizations, including 0x, Ampleforth, and Ether Capital. Krug's career highlights include serving as Co-Chief Investment Officer at Pantera Capital and making strategic investments in Web3/Crypto and Blockchain sectors, along with being actively involved in the development of decentralized applications and technical advisory roles at Tlon and Numerai.

Work Experience 

  • Partner

    2023 - Current

    Leading the next decade of Founders Fund's crypto strategy while looking for the next wave of generational crypto startups and founders to back

Founders Fund is a venture capital firm that invests in companies building revolutionary technologies.

  • Co-Founder

    2017

    One simple balance that lets you spend, send, save and make money at the same time. Eco puts your money back to work for you.

  • Advisor

    2016

    Decentralized Exchange Built on Ethereum, seeded 0x + advisor

0x is an open protocol that enables peer-to-peer trading of assets.

Raised $108,999,960.00 from COIND, OpenSea, Jared Leto, Davoa Capital, Coinbase, Greylock, Sound Ventures, To Kenz Capital, Pantera Capital and GSR.

  • Investor

    2016

    Checkout my AngelList syndicate at https://angel.co/joeykrug/syndicate I back companies with strong moats that I'd love to work on if I had more time: practical, novel things that should exist in the world but simply don't... yet. Especially fintech, biotech + healthcare, crowdsourcing, and software companies. Our first deal was numer.ai, and our next deal is for a protocol for decentralized exchange/trading of tokens on Ethereum.

  • Advisor

    2018

    An adaptive money built on sound economics, helped w/ AMPL currency design

  • Technical Advisor

    2016

    Helped create NMR (code + paper) Numerai combines the most accurate and original machine learning models from the world’s best data scientists into a collective artificial intelligence that controls the capital in Numerai’s hedge fund. AI + Homomorphic Encryption + Prediction Tournaments + Bitcoin Rewards == Better Capital Allocation

Numerai transforms and regularizes financial data into machine learning problems for global network of data scientists.

Raised $31,500,000.00 from FJ Labs, Union Square Ventures, Richard Craib and Shine Capital.

  • Advisor

    2017

    Advising Origin on their decentralized sharing economy platform!

Origin Protocol is a blockchain platform for building decentralized marketplaces.

Raised $38,105,763.00 from Czhang's Digital Investment.

  • Technical Advisor

    2016

    Technical advisor - rebuilding the internet for decentralized apps

Tlon is a software company that builds cloud software and computing platform.

Raised $55,500.00 from K5 Global.

  • Co-Chief Investment Officer

    2017 - 2023

    Co-Chief Investment Officer at one of the largest cryptocurrency and blockchain focused asset managers where we manage both venture and hedge funds

Pantera Capital is an investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency.

  • Board Member

    2018 - 2022

Articles About Joey

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