# Paradigm Shift X Web3 By [Dhruv Washishth](https://paragraph.com/@dhruvw) · 2022-02-08 --- Highlights: ----------- * **Tim Draper** introduced me to Bitcoin back in 2016 in San Francisco. It’s been quite a ride witnessing various bull and bear cycles over the past few years. #HODL * I’m the **only** General Partner/VC in India who has built a VR startup. Having built in the space, we understand the true potential of the Metaverse and the very real challenges that come along with effective implementation in the space. 🥽 * At Paradigm Shift Capital, [Surabhi](https://twitter.com/swashishth), [Govind](https://twitter.com/gmundhra), and I have backed our first 20 startups in the past year and a half, 5 of them are amazing Blockchain projects — **Arcana Network, Samudai, Spheron, Rise, Lumos.** * We’ve got awesome LPs from the Global Blockchain ecosystem like **Jaynti Kanani** and **Sandeep Nailwal** (Co-Founders of Polygon) and **Richard Malone** (Crypto investor). This is in addition to the family offices, successful entrepreneurs, and C level execs - all exceptional folks from the global tech ecosystem who’ve propelled us in our journey of building India’s First Truly Global VC fund! 🇮🇳🇺🇸 Backstory: ---------- Winning a scholarship to attend Draper University in the Bay Area in 2015/16 was quite phenomenal. It was the first time I was introduced to both Crypto and AR/VR by Tim Draper. It was incredible to spend time at DU and subsequently at Boost VC, and learn about the foundational changes blockchain technology enabled. Seeing the founders of amazing projects build out game changing tech right beside me truly brought to life the saying that “**the future is already here, it’s just not evenly distributed yet**”.  🚀 ![Doing a demo with the HTC Vive. San Francisco. Jan, 2016.](https://storage.googleapis.com/papyrus_images/74e558e1d392690340a0724797332ce1c2e8695de413057017f5240d60cd1572.png) Doing a demo with the HTC Vive. San Francisco. Jan, 2016. > While there’s a lot of noise around ‘web3’ right now, the basic fundamentals that it stands for — a ‘trustless, permissionless, decentralized internet’, is a promising reset to the way a lot of platforms were structured over the past decade. **At Paradigm Shift, we’re supremely excited by the new primitives being built in the web3 ecosystem especially at the infrastructure level.** ![Balaji Srinivasan (Ex-CTO Coinbase)](https://storage.googleapis.com/papyrus_images/eafd6448f769c82dc721238b46cc8c46842bf36fda625af74c247baec85ac973.png) Balaji Srinivasan (Ex-CTO Coinbase) Innovate/Evolve: ---------------- We’re also innovating and adopting crypto use cases at our own fund. We were the **FIRST Fund Globally** to accept LP Capital via Crypto/USDC on AngelList. We worked closely with AngelList’s Venture and Crypto teams in San Francisco to enable this on-ramp/off-ramp functionality. 👇 ![](https://storage.googleapis.com/papyrus_images/90c6c84315ae8270929a1ee9e99481b5709a12bc983f67c7c1b696c1f7dac545.png) Projects we’ve backed: ---------------------- We’ve built Paradigm Shift with an ambitious vision of becoming a Truly Global Fund from India. Blockchain technology is enabling one of the biggest Paradigm Shifts of our generation across various sectors, and it was a very natural fit while we were building out our thesis last year. This has resulted in us backing exceptional web3 and Augmented Reality startups : [**Arcana**](https://arcana.network/) is building the Storage layer and Privacy stack for Ethereum dApps. We are mighty impressed by the vision and perseverance of the Founding team, and are grateful to them for having us along in their journey. Our co-investors here include Balaji Srinivasan, DCG, Fenbushi, Woodstock. [Spheron](https://spheron.network/) is an all-in-one decentralized platform for automating modern dapps. Spheron provides a frictionless developer experience to take care of the hard things: deploying instantly, scaling automatically, and serving personalized content on decentralized networks. [Samudai:](https://samudai.xyz/) Uniting the DAOVerse, Samudai organises information and provides tools to enable seamless coordination across the DAO ecosystem. Currently, DAO project management and workflows are completely broken, Samudai is the solution to that. Co-investors : Sino Global Capital, Balaji Srinivasan (x-CTO, Coinbase), Sandeep Nailwal (Co-Founder Polygon) We’ve also backed a game changing **Augmented reality startup** called [Ixana](https://ixana.ai/wi-r.html). They’re building a new AR device and doing some of the most cutting edge Human computer interaction work in the world. We’ve co-invested with the co-creator of Google Glass, Tom Chi, and other top Silicon Valley VCs have led the subsequent financing round here. Global Ecosystem collaboration: ------------------------------- ### Polygon We’ve known Jaynti Kanani, the founder of Polygon for over 3 years. We’re strengthening our partnership with him and the Polygon ecosystem for our web3 investments. We’re grateful to have him as a LP and advisor at Paradigm Shift Capital! ![Dhruv & JD at NFT NYC’21; Surabhi, Dhruv & JD ](https://storage.googleapis.com/papyrus_images/d7dc518e55ebeb59a52b2a43a2d2b15ebea77fbee6e2d19fcb8eb178f0ad7626.png) Dhruv & JD at NFT NYC’21; Surabhi, Dhruv & JD ### Draper Decentralized We’ve partnered with Draper Decentralized: We are delighted to be a part of a series of investment clubs run by Tim Draper! Because of our past relationship with Tim and the Draper ecosystem, we’re one of the first funds to go live on the platform, we get access to an exclusive set of projects and startups that are vetted by Tim Draper and his team. This also enables us to provide strategic collaboration opportunities to our portfolio. ![We continue to expand our global ecosystem, here is our current partnership stack 👆](https://storage.googleapis.com/papyrus_images/76a3c8b575bd350e77bdf419e39f244e3381bc9521144db5dbb8571666162db9.png) We continue to expand our global ecosystem, here is our current partnership stack 👆 Come partner with us! --------------------- Our Global Crypto network, experience in the space, and ‘real’ value-add with helping set up core teams, hiring some of the best web3 talent (Solidity Developers and Cryptographers), and global crypto connections attracts some of the best web3 projects towards us! If you’re building an awesome project where we can help, drop us a ‘gm’ on [Twitter](https://twitter.com/vcParadigmShift)! LFG 🚀 --- *Originally published on [Dhruv Washishth](https://paragraph.com/@dhruvw/paradigm-shift-x-web3)*