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Variant is an early-stage fund investing in web3.

We believe the next generation of the internet will transform users into owners.

We back mission-aligned founders at the earliest possible stage.

Featured Writing

The Interplay Between AI Abundance + Crypto Scarcity

Jesse Walden

AI Art Crypto NFTs Web3 Article

04.25.23

The NFT MEV Landscape

Alana Levin

Crypto Infra NFTs Web3 Article

03.31.23

Introducing Variant Fund III

Li Jin + others

Spencer Noon + others

Jesse Walden + others

News & Updates Web3 Article

07.28.22

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Portfolio

Variant invests in the leading founders in web3:

Ceramic
Context
Foundation
Goldfinch
Magic Eden
Mirror
oncyber
Phantom
Polygon
Uniswap
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LEADERSHIP

Jesse Walden is a Co-Founder and General Partner at Variant. Jesse led the firm's investments in Uniswap, Phantom, Mirror, Flashbots, Foundation and others. Previously, Jesse was an investment partner on the first crypto fund at Andreessen Horowitz and later led a16z Crypto Startup School.
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Li is a Co-Founder and General Partner at Variant, where she leads consumer investing for the firm and supports portfolio companies in their comms, community building, and go-to-market strategy.
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Jesse Walden

Co-Founder & General Partner

Li Jin

Co-Founder & General Partner

From the Archive

NFTs Make the Internet Ownable

Jesse Walden

NFTs Article

02.15.21

The Web3 Renaissance

Li Jin + others

Katie Parrott

Consumer Web3 Article

12.20.21

Progressive Decentralization: A Playbook for Building Crypto Applications

Jesse Walden

Infra Article

01.18.20

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PROJECTS

OurNetwork

Li’s Newsletter

Means of Creation

Creator Economy Course

Transition to Web3

she256

Komorebi Collective

Unsyndicated Newsletter

Fem3 Voices

Side Hustle Stack

Return Home
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Careers
Join Variant and help us build the user-owned web.

© 2023 Variant Fund. All rights Reserved.

About Variant
Variant backs the leading founders in web3.
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