The Milk Road Show What Coinbase Ventures Is Buying in Crypto Right Now w/ Hoolie Tejwani
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Jan 26, 2026 Hoolie Tejwani, Head of Coinbase Ventures and veteran early-stage crypto investor, shares where institutional crypto capital is flowing now. He highlights DeFi’s staying power and on-chain consumer apps. Stablecoins as real-world payments, tokenized real-world assets, prediction markets, and on-chain AI are top themes. He also explains how private crypto deals are becoming more accessible to retail investors.
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Long-Term, Founder-First Investing
- Coinbase Ventures focuses on long-term bets across blockchain-related startups, having made over 600 investments since inception.
- They prioritize exceptional founders and broad mandates rather than short-term market timing.
DeFi Is A Perennial Theme
- DeFi demonstrated persistent product-market fit and remains a multi-decade thematic for Coinbase Ventures.
- They invested early in projects like Uniswap and continue to back DeFi innovation.
On-Chain Social Still Early
- On-chain social is still early and may require financialization to find mainstream product-market fit.
- Coinbase views on-chain social as a contrarian R&D opportunity worth iterating on.