Placeholder Fund III | 2017 VC Fund

Placeholder

Status

ACTIVE

Global HQ

New York, United States

Countries of investment

United States
Canada
United Kingdom
Switzerland
Cayman Islands

Investment stages

Seed
Series A
Series B

Industries

Crypto
Web3
DeFi
Decentralized Infrastructure
Open Networks
Liquid Tokens

About
Placeholder is a New York-based crypto VC focused on open decentralized networks. Their focus spans DeFi, decentralized infrastructure, open networks, and liquid tokens across the United States, Canada, United Kingdom, Switzerland, and Cayman Islands. The firm supports crypto-native founders from Seed through Series B.

Min check size: $500K
Max check size: $5M
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Investment Thesis

Placeholder is a thesis-driven venture capital firm deploying capital across crypto, Web3, DeFi, decentralized infrastructure, open networks, and liquid tokens sectors. They invest with deep conviction in open decentralized networks and long-term protocol ownership. The firm differentiates itself through founders Joel Monegro (ex-Union Square Ventures) and Chris Burniske (author of "Cryptoassets")'s thought leadership, "Fat Protocols" thesis pioneering work, long-term liquid token holding approach, and concentrated NYC-based investment strategy.

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Manager's Experience

Joel Monegro (Co-Founder & Partner) co-founded Placeholder in 2017 after serving as a Crypto Analyst at Union Square Ventures where he authored the famous "Fat Protocols" thesis (one of the most influential crypto investment frameworks); he previously served as a software engineer in the Dominican Republic. Chris Burniske (Co-Founder & Partner) co-founded the firm and authored "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond" (one of the foundational crypto investing books). The firm operates with concentrated long-term liquid token holding approach across open decentralized networks.