Paradigm shifts

Matt Huang, who runs the crypto investment firm Paradigm, describes it as a place for brilliant people with unusual powers, and the article profiles his leadership and track record. Paradigm began in 2018 when Coinbase co-founder Fred Ehrsam approached Huang at Sequoia Capital, and the firm has grown from managing $400 million to over $12 billion in six years. Its researchers, who also invest, develop foundational innovations and open-source them, and its open-source tools power 90% of smart contract development. Huang's early bet on ByteDance, made after a 2012 visit to Beijing, is cited as an example of his talent for spotting potential.