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  3. /Vance Spencer
  4. /Briefing
Pre-Pitch Briefing

Vance Spencer

Co-Founder & General Partner at Framework Ventures

SeedSeries ADeFiGamingConsumer

Their Thesis

DeFi, gaming, consumer crypto. High-conviction bets and active portfolio support.

How to Pitch Them

Come with a strong opinion on why you will win and why now.

What Excites Them

High-conviction DeFi, gaming with real economies, opinionated founders

What They Pass On

Hedged bets, founders without strong opinions

Key Frameworks

Active DeFi Participation

VCs should be active governance participants, not passive holders, to maximize protocol value.

Conviction Investing

In crypto, concentrated bets on high-conviction plays outperform diversified portfolios

In Their Own Words

“VCs should actively participate in DeFi governance, not just hold tokens.”

— Framework Ventures

“In crypto investing, conviction beats diversification. One big winner is worth more than a hundred small bets.”

— Empire

Recent Writing

Gaming and Crypto: The Next Frontierblog

Crypto gaming will be the largest on-ramp for mainstream users into web3.

The Case for Active DeFi Participationblog

VCs should actively participate in DeFi governance, not just hold tokens passively.

Framework Ventures: DeFi Thesisessay

DeFi will recreate every financial primitive on permissionless, composable rails.

Podcast Appearances

High Conviction Crypto Investing — Empire
DeFiconviction investing
Framework Ventures: Active DeFi Participation — Bankless
DeFi governanceactive managementChainlink

Framework Ventures Portfolio

Top Sectors

DeFi7
L1/L23
Infrastructure3
Exchange2
NFT/Gaming1

Stage Distribution

Early investor8
Seed3
Series A3
Series B3
Jito
Thales
Tracer
Volt protocol
Yearn
Yield protocol
Zapper
Jobs
Arrow
Avalonfinance

+ 71 more investments. View fund →

← Full profile@pythianismFramework Ventures website