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Matt Stephenson

Partner

Pantera Capital
SeedSeries ASeries BDeFiMEVMechanism DesignInfrastructure

Investment Thesis

Applies rigorous economic theory and mechanism design to crypto investing. Focuses on projects where game theory and incentive alignment are core to the value proposition.

What Excites Them

Mechanism design innovation, auction theory applications in crypto, novel incentive structures, projects grounded in sound economic theory.

What They Pass On

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How to Pitch

Come with rigorous thinking about your protocol's mechanism design. Matt appreciates formal reasoning about incentive compatibility. Show you understand the game theory underpinning your system.

Notable Writing

MEV and the Future of Block Space Marketsresearch

Block space is an emerging commodity market with sophisticated trading dynamics.

Mechanism Design for Crypto Protocolsresearch

Game theory and mechanism design are critical for building robust crypto protocols.

Podcast Appearances

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Key Quotes

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Background

Research partner at Pantera Capital. PhD in economics from Caltech. Previously a researcher studying behavioral economics and game theory. One of the more academically rigorous minds in crypto venture.

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