The last time Archetype raised a venture fund, Sam Bankman-Fried stood atop the crypto industry amid a boom time that quickly evaporated. Now, just over three years later and amid a roaring bull market, the New York-based firm is back with a new fund: a $100 million vehicle that will once again focus on backing early-stage seed rounds of blockchain companies.
In an interview with Fortune, Archetype founder and general partner Ash Egan argued that blockchain technology is on the verge of its mainstream breakthrough, likening the current moment as “post-AOL, pre-Uber” in comparison to the history of the internet. “Our belief is that crypto rails underpin all global commerce, if you take a decade or multi-decade point of view,” Egan said.
