Paradigm Plans to Launch a New Fund as Co-Founder Fred Ehrsam Steps Down as Managing Partner

On October 25th, according to a report from The Information, an email sent to employees revealed that Fred Ehrsam, co-founder of Paradigm, is stepping down from his role as managing partner. He will continue to serve as a general partner and collaborate with the investment and research teams. Meanwhile, Paradigm is planning to establish a new fund. Last month, Paradigm's Chief Financial Officer, Nathan Apsel, and General Counsel, Reena Jashnani-Slusarz, both resigned. Currently, Paradigm has only two managing partners remaining: co-founder Matt Huang and Chief Operating Officer Alana Palmedo.