It’s year 2024, the last thing that Web 3 industry need is probably another fund. Yet, here we are, introducing Impa Ventures, a fund which we believe to be an R&D lab for consumer crypto. We’ve been in crypto since 2018, and we are tired of the previous playbook of turning narratives into liquidity. Therefore, we want to start something new — to work with founders who actually care about the tech & economics of crypto products, who are in for the moonshot of a killer product that would eventually impact millions of users globally.
We are backing projects that seek to achieve product market fit rather than just to launch another token. Clearly, trading has proven itself to be the most compelling use case of crypto, but we believe that the technology has more than that to offer. We like to dig deeper in the rabbit hole of how crypto could align interests between platforms and contributors, to incentivise users, and to create permissionless experiences for Internet users. We are also excited about the synergies between crypto and other emerging technologies. At the end of the day, it is a technology that fosters trust in a decentralized way.
With the built in tokenomics, crypto projects are networks by default. We believe that a well-designed crypto project has network effects naturally — more users will make the network more valuable, reflected in the total network value.
Besides all the virtues of decentralized networks on the philosophical levels, we choose crypto because we think it offers the most chance of success for early stage founders and investors among all verticals of emerging technologies. Leading tech companies in the US and China have all the resources in the world to capture the upside of an innovation breakthrough in tech. The worst nightmare for a tech startup founder is probably the big ones going to enter the same space. While in crypto, projects are taking an ecosystem approach, infrastructure projects thrive with the growth of applications. For investors, crypto offers access to global deal flow and various ways of exit.
Apart from capital, which is commodity in the industry of fund, we strive to offer ourselves as part of the package. Other than investors, we are a team of product managers, researchers, smart contract engineers and designers that are also constantly draining our brains on what decentralized applications could change today’s Internet and building what we think could add value to our industry, one line of code at a time. We believe in build and invest in public — we will publish ideas that we are working on and let’s work together if you are interested too.
We invest in projects that are either too early or too late, in terms of stages. These are the two stages that we believe to have the most value add and financial return.
Too early means we want to be the first investor of a project, maybe before it is even a project. Because we are builders ourselves and like the process of going from zero to one.
Too late means we invest in projects that are already listed on secondary market. Different from equity investment, having a liquid token does not equate to being a mature project.
Find this interesting? You could reach out to us at [email protected]