Republic Capital’s Boris Revsin Joins VC Firm Tribe Capital as Managing Partner

Tribe Capital, a California-based venture capital company, has recently announced that it hired Republic Capital co-founder Boris Revsin as a managing partner.

According to the official announcement, the new hire will be responsible for growing the $25M Tribe Crypto Labs Incubator program, built to boost investments in the Cosmos ecosystem and Layer-1 blockchains. Likewise, Revsin will also oversee the firm’s equity and crypto-related funds.

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Serial entrepreneur Revsin previously led Republic Capital’s investments in a number of crypto-driven businesses, including financial services company Robinhood, decentralized contracts platform Avalanche, Ethereum (ETH) scaling platform Polygon, blockchain development organization Dapper Labs, and others.

Revsin commented on the arrival and mentioned that he always wanted to explore organizations that are building something revolutionary in the crypto environment during such harsh crypto market conditions. “I think that the incubator …helps illustrate a little bit of what we’ll be able to do at Tribe,” he added.

When asked about the current crypto bear market, Revsin implied that it's not the first time that the crypto industry dealt with such a rollercoaster, adding:

"I think crypto has a lot of introspection to do. The self-regulatory dream has not panned out to the level it should have. Regulators are going to come in and do some good work and probably some questionable work and then hopefully it all shakes out."

On top of that, Republic Capital’s former head of investments commented on his decision to leave the Web3-focused investment advisory after four years. He explained that his initiative was based on the fact that Tribe Capital is a massive organization that has numerous multi-asset funds in its portfolio, including FTX, Kraken, Digital Currency Group (DCG), and ConsenSys.

In fact, Revsin isn't the only one to change course in his career. For instance, earlier in July, investment bank JPMorgan's former executive Samir Shah joined the American-based hedge fund Pantera Capital as its new COO. Likewise, the blockchain infrastructure company Parity Technologies also recently announced three new additions to its talented team.