a continuation of the joke, a group of friendly Crypto Twitter traders decided to form an eGirl Capital group chat. Quickly, the chat grew to include various veteran traders who had interacted on Twitter, including Mewny, whose online avatar resembles the Pokémon Ditto, transformed into a sofa; Hedgedhog, who roleplays as Sonic the Hedgehog; and DegenSpartan, a Hentai fanatic. The chat proved so successful—or fun, or whatever—that Eva Beylin, an influential figure in Ethereum and one of eGirl Capital’s three “doxxed” members, went on to incorporate  eGirl as a real company, eGirl Capital, LLC, in her name, “somewhere in the Caribbean.” 

Before long, eGirl was appearing on real industry press releases, including the announcement of Defi protocol Alchemix’s $4.9 million raise earlier this year, which was “led by 10 investors, including industry mainstays CMS Holdings and Alameda Research, as well as upstart crypto VC players such as eGirl Capital.” 

From the start, eGirl pursued an unusual investment strategy that was more suitable to a group of internationally dispersed anons. Beylin, who jokingly identifies as one of eGirl’s few real life eGirls and has occasionally served as the collective’s IRL spokesperson, explained in an interview that eGirl partners see themselves more as angel investors than VCs; when a partner wants to invest in a project, they’ll pool the money of other interested partners, then later return a portion of the profits. (So, when CL didn’t invest in Arbitrum, others did.) Sometimes they invest in equity but mostly they buy crypto assets: tokens and NFTs. They are also considering moving into a decentralized ownership arrangement, or DAO. 

a continuation of the joke, a group of friendly Crypto Twitter traders decided to form an eGirl Capital group chat. Quickly, the chat grew to include various veteran traders who had interacted on Twitter, including Mewny, whose online avatar resembles the Pokémon Ditto, transformed into a sofa; Hedgedhog, who roleplays as Sonic the Hedgehog; and DegenSpartan, a Hentai fanatic. The chat proved so successful—or fun, or whatever—that Eva Beylin, an influential figure in Ethereum and one of eGirl Capital’s three “doxxed” members, went on to incorporate  eGirl as a real company, eGirl Capital, LLC, in her name, “somewhere in the Caribbean.” 

Before long, eGirl was appearing on real industry press releases, including the announcement of Defi protocol Alchemix’s $4.9 million raise earlier this year, which was “led by 10 investors, including industry mainstays CMS Holdings and Alameda Research, as well as upstart crypto VC players such as eGirl Capital.” 

From the start, eGirl pursued an unusual investment strategy that was more suitable to a group of internationally dispersed anons. Beylin, who jokingly identifies as one of eGirl’s few real life eGirls and has occasionally served as the collective’s IRL spokesperson, explained in an interview that eGirl partners see themselves more as angel investors than VCs; when a partner wants to invest in a project, they’ll pool the money of other interested partners, then later return a portion of the profits. (So, when CL didn’t invest in Arbitrum, others did.) Sometimes they invest in equity but mostly they buy crypto assets: tokens and NFTs. They are also considering moving into a decentralized ownership arrangement, or DAO.