The Milk Road Show What Coinbase Ventures Is Buying in Crypto Right Now w/ Hoolie Tejwani
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Jan 26, 2026 Hoolie Tejwani, Head of Coinbase Ventures and veteran early-stage crypto investor, shares where institutional crypto capital is flowing now. He highlights DeFi’s staying power and on-chain consumer apps. Stablecoins as real-world payments, tokenized real-world assets, prediction markets, and on-chain AI are top themes. He also explains how private crypto deals are becoming more accessible to retail investors.
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Aim For Seed/Series A For Institutional Entry
- Target seed to Series A rounds to match Coinbase Ventures' primary "first institutional" strike zone.
- Consider pre-seed only for founder-led, high-conviction opportunities and specialized ecosystem funds.
Build During Market Lulls
- Use down markets to build and deploy capital; focus on missionaries not mercenaries.
- Track fundamentals like stablecoin volume and wallets instead of short-term price moves.
Regulatory Clarity Spurs Founder Inflow
- Regulatory clarity (the Genius/Clarity Act) unlocked a wave of founder talent, notably in stablecoins.
- Durable rules of the road should catalyze startup formation and market structure improvements.