Picks and Shovels

Picks and Shovels is a venture capital firm primarily focused on investing in the infrastructure necessary for the cryptocurrency and blockchain industry. The firm targets foundational projects that enhance the functionality, security, and scalability of blockchain technologies, rather than investing directly in cryptocurrencies.

Picks and Shovels employs a unique investment philosophy akin to supplying 'picks and shovels' during a gold rush. This means they invest in essential tools and services such as exchanges, wallets, and payment processors, which are crucial for the blockchain ecosystem, instead of directly funding cryptocurrency projects.

Picks and Shovels supports innovative projects that enhance blockchain infrastructure, including developers of exchanges, wallets, and payment processors. Their investments aim to advance the underlying technological platforms essential for the expansion and global adoption of digital assets and decentralized systems.

Picks and Shovels plays a pivotal role in the blockchain industry by funding the critical infrastructure required for the ecosystem to function and grow. Their focus on foundational projects helps drive advancements in blockchain functionality, security, and scalability, supporting the broader adoption of cryptocurrency technologies globally.

Picks and Shovels typically invests in startups at the pre-seed and seed stages. They focus on founders offering essential tools and infrastructure services within the crypto, fintech, and vertical SaaS spaces, aiding early development and scaling.

Picks and Shovels' investment strategy supports startups developing vital infrastructure for the blockchain industry, promoting technology platform advancements necessary for digital asset adoption. Their strategic funding helps ensure the scalability, security, and functionality of blockchain systems, which benefits the industry as a whole.