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Multicoin says co-founder and Managing Partner Kyle Samani is stepping back from the crypto-focused VC firm and “has transitioned to an advisory role”

Quick Take  — Kyle Samani, known for his early investment in Solana as part of Multicoin, is stepping back from the crypto-focused venture capital firm.

The Block Daniel Kuhn

Discussion

  • @kylesamani Kyle Samani on x
    0/ A personal update I have decided to step back from @multicoin. It's a bittersweet moment for me because my time at Multicoin has been some of the most meaningful and rewarding of my life. That said, I am excited to take some time off and explore new areas of technology.
  • @kylesamani Kyle Samani on x
    1/ I will remain in my role as Chairman of Forward Industries. As part of the redemption request that I intend to submit to Multicoin's Master Fund for March 31, 2026, I will request an in-kind redemption in FWDI shares and warrants rather than in USD, pending Multicoin's
  • @thestalwart Joe Weisenthal on x
    This crypto winter is hitting different
  • @houseofyogi Yogi on x
    Kyle Samani stepping back from Multicoin feels like the end of an era. I remember seeing the deck in 2018 or 2019. Regardless of disagreement on outlook and theses, he has been one of the best macro thinkers in crypto. What matters more is the shift underneath. He is like the
  • @llamaonthebrink @llamaonthebrink on x
    Tale of two posts: one deleted, one not. Which way western salami? [image]
  • @luke_metro @luke_metro on x
    I haven't seen this posted in awhile [image]
  • @thestalwart Joe Weisenthal on x
    This is the most brutal crypto winter ever. Nobody's even joking about it in a self effacing way. And if there were anyone doing the meme, you wouldn't see it because there's no crypto twitter anymore.
  • @blofin_ceo Matt on x
    People once thought Newton had finished physics. He hadn't — he had just finished one regime. When a field feels “done,” it's usually not the end. It's the end of a paradigm.
  • @reganbozman Regan Bozman on x
    huge respect to kyle consistently went out of his way to help us when we were getting lattice off the ground in a way that few established investors did
  • @iandaos @iandaos on x
    Known Kyle a long time and always valued his perspective. Will miss his presence but happy for him in his next chapter. Thank you Kyle
  • @mark_dow Dow on x
    “I'm extremely confident in the future of this asset. That's why I'm selling it now”
  • @tushar_jain Tushar Jain on x
    This afternoon Kyle and I shared this update with our LPs. I'm grateful for Kyle's foundational work on the business and contributions to the firm over the past eight years. Anyone who knows Kyle knows he's truly 1 of 1, and we appreciate his hard work as well as the impact he's
  • @rleshner Robert Leshner on x
    Kyle passed on Compound twice (and backed a Chinese fork), and passed on Superstate twice. And despite that, I consider him a true friend, and one of the best crypto investors of all time (MCC backing Solana repeatedly is goat'ed). Can't wait to see and support Kyle's next era
  • @santiagoroel Santiago R Santos on x
    I reached out to Kyle in 2018 after reading his memos. His thinking is differentiated, clear, and decisive. He is as bold as it gets. I invested in Multicoin that year - a bet to hedge my own investing career. One of the smartest things I ever did. I missed Solana early. They
  • @jonkodoteth @jonkodoteth on x
    Vesting cliff reached
  • @tmnxeq @tmnxeq on x
    might explain recent SOL pa idk [image]
  • @simkinstepan Stepan on x
    Legendary run. I still remember how after Breakpoint in Amsterdam Kyle was sending me a ton of messages from a flight back. After three incredibly intense days at the conference, Kyle is on a 10+ hour flight watching Solana founder keynotes and sending me his thoughts via
  • @mablejiang @mablejiang on x
    we both used to debate on what a world “web3” dapps look like - I'd still debate with kyle on some of his beliefs, but not with my old statements in the AI native / first world, the future has already come - it just doesn't look like what we've imagined