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  1. Home
  2. /VCs
  3. /Spencer Applebaum
  4. /Briefing
Pre-Pitch Briefing

Spencer Applebaum

General Partner, Co-Head of Venture at Multicoin Capital

SeedSeries AVentureGrowthLiquidDeFiMEVmarket microstructuretrading infrastructureSolana DeFi

Their Thesis

Solana ecosystem, DeFi, DePIN. High-performance blockchain applications.

How to Pitch Them

Show performance metrics and Solana-native thinking. Transaction throughput matters.

What Excites Them

High-performance DeFi, Solana-native applications, DePIN

What They Pass On

Slow chains, Ethereum-only thinking

Recent Writing

Drift ($DRIFT) Analysis and Valuationblog
Unbundling Sotheby’sblog
No titleblog
Multicoin Capital: The Front Page of Solanablog
Multicoin Capital: Exploring the Opportunity for DeFi Interest Rate Marketsblog

Multicoin Capital Portfolio

Top Sectors

Infrastructure6
DeFi6
L1/L23
Wallet2
NFT/Gaming1

Stage Distribution

Early Stage7
Seed6
Series A4
Series B2
ArweaveInfrastructure
Early Stage$5.0M
NEAR ProtocolL1/L2
Early Stage$5.0M
AlgorandL1/L2
Early Stage$5.0M
SerumDeFi
Early Stage$5.0M
Passport (formerly Bitwise)Wallet
Seed$2.0M
Marinade FinanceDeFi
Seed$10.0M
Drift ProtocolDeFi
Seed$10.0M
LivepeerInfrastructure
Early Stage$5.0M
AudiusNFT/Gaming
Series A$15.0M
JitoDeFi
Series A$10.0M

+ 9 more investments. View fund →

← Full profile@spabordiMulticoin Capital website