Crypto VC giant Paradigm has tapped Katie Biber as its new chief legal officer. Biber comes to the venture capital firm from financial technology company Brex and previously served as general counsel for Mitt Romney’s 2012 U.S. presidential campaign.
“The promise of [Web 3] comes into sharper focus with every passing day,” Biber wrote in an announcement blog post. “It’s no longer just a hunch – I am now confident that today’s builders will democratize finance, create a more equitable internet, and bring us tools that help humans exchange goods, services, opinions, and information trustlessly.”
“Crypto has recently been on a roller-coaster ride. But the ups and downs of [bitcoin] and [ether] are just noise,” she continued.
Biber previously worked for digital asset platform Anchorage and crypto research and development firm Protocol Labs. She serves on the board of directors at both companies.
Paradigm was founded in 2018 by Coinbase (COIN) co-founder Fred Ehrsam and Sequoia Capital alum Matt Huang. The firm launched a $2.5 billion investment fund in November, a record amount at the time that Andreessen Horowitz broke last week with a new $4.5 billion vehicle.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.