We at Cendana Capital are very excited to partner with Mahesh Ramakrishnan and Salvador Gala. We were impressed by their hustle and their passion…Sal even has an EV3 tattoo on his neck 💪🏼💥
Announcing: EV3 Venture Fund II We’re thrilled to announce EV3 Venture Fund II, an oversubscribed $61.74M early-stage venture fund dedicated to backing entrepreneurs with generational drive and ambition. We’re tripling down on crypto, investing in the frontiers of the Internet with bigger checks and deeper involvement. We’re backed by top founders and investors including Micky Malka, Marc Andreessen, Chris Dixon, Cendana, CrossLayer, Theta, and other leading institutions and endowments. Follow the announce on x: https://bit.ly/3ZaFO2u We back founders at the ideation stage, before there is any momentum or often even a product. We understand that the road to a generational business often requires wandering the desert in the dark for many months. We want to be the first partner to founders with the ambition, and hunger to do the impossible. We believe community driven businesses - User Generated Services - are the future, including Decentralized Physical Infrastructure Networks or DePIN. We're all in on the frontier of innovation. While our first love is investing, we are entrepreneurs through and through. We bring a unique culture to the table, willing to take big swings on out-there ideas, and understanding that subject expertise doesn’t always translate to changing the world. We help catch emerging S-curve as new ideas inflect. We’re founders’ biggest advocates, prolifically publishing research across our channels, with institutional partners and universities like Harvard Business School. Sal and I were super fortunate to meet each other at Goldman Sachs eight years ago. After a competitive first year of each trying to be the best, we realized we had as much in common in our love for disruptive technology, as we did in our distaste for corporate bureaucracy. Having learned from some of the best investors at Ribbit and Apollo, in 2022 we jumped at a generational opportunity to build new kinds of Internet businesses that organize communities of people into productive supply chains coordinated by crypto-incentives. I cannot overstate how thankful we are to our mentors, early believers and founders along the way. A special thank you to Meyer "Micky" Malka at Ribbit Capital, Chris Dixon at Andreessen Horowitz, Graham Pingree at Cendana Capital, Matthew Walsh at Castle Island Ventures and Jan-Dirk L. at CMT Digital without whom none of this could have happened. EV3 was born in the crucible of 2022. Bear markets don’t scare us. Crypto is a cyclical asset class driven by liquidity. We’re deeply aware that volatility drives fluctuations in perception. We believe this is where the biggest opportunity lies. Thanks to Ben for covering our story. https://bit.ly/4tc6DkM EV3 Venture Fund II is already investing. If you’re building, and you believe you’re on to something nobody else understands yet, definitely reach out. Fire your Boss. After all, life is short. Why spend it building someone else’s dream?