Exactly 0 VCs pushed @tradeparadigm. But don't let the truth get in the way of a good story 😂 In fact most VCs didn't even understand Paradigm and most still don't fully get it. Most of our investors were actually our users, all the large trading desks (Akuna, QCP, Babel etc.) 3AC themselves didn't understand the value of Paradigm and resisted it. Paradigm blew up because instis needed a platform to get maximum size with immediacy, atomic execution on multi-leg trades and privacy. We still clear 35% of Deribit volume everyday and traded ~$50B last month Most other exchanges that copied Paradigm and tried to compete with Deribit didn't and still don't misunderstand the value of an institutional coverage business which is what Paradigm provides. They copied Paradigm and tried to run it themselves but our edge is not in the tech. It's the distribution. Deribit understood this well and that ethos has allowed it to dominate.