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Paradigm is likely one of the titans of the crypto enterprise capital trade, elevating a then-record $2.5 billion for a brand new fund through the tail finish of the bear market in Nov. 2021, which has since been topped by Andreessen Horowitz. Conduit has shut ties to Paradigm – Andrew Huang is the brother of Paradigm co-founder and managing accomplice Matt Huang, who recused himself from the funding course of. Andrew Huang additionally spent eight weeks as an entrepreneur in residence on the agency.
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