If there's one thing ParaFi wants you to know, it's that they're not like other venture capital firms. ParaFi Technologies, its technology infrastructure arm, helps make it stand out from the rest of the pack.

“In simple terms, we are an investment and technology company,” ParaFi partner Kevin Yedid-Bouton told me. “We truly see ourselves as a utility provider for the blockchain ecosystem.”

"From a purely business perspective, our revenues are diversified. We're not dependent on one revenue stream from one fund. We have our quant fund, we have our venture fund, we have our premium fund, we have these other ancillary businesses, the GP business and the technology business," he explained.

One of the big benefits — outside of revenue — that Yedid-Botton has found in ParaFi's approach to its multi-business structure is that there is open communication between the teams, all of which have different skill sets. From engineers to legal professionals, from crypto natives to non-crypto folks, Yedid-Botton believes the company has created a “unique mix” to “find alpha in ways other companies can’t.”

While a bull market has its own set of difficulties, bear markets are a beast to survive.

The firm saw assets under management “under pressure due to lower prices, but our quant fund was actually flat until that year,” Yedid Button said.

Which he pointed out was an example of “how even though some strategies underperform, because we have a platform of strategies, we are able to mute the volatility and cycles that the market presents to you because we are diversified.”

“Today, that's even more true, because even in 2022 to be intellectually honest, we were in the early stage of creating what ParaFi looks like today. We didn't have as big a business as we do now.

Despite the bearish sentiment we saw last week, it is clear that the bullish cycle has not yet been exhausted.

For ParaFi, this next cycle will focus on growing the existing business. With assets under management of more than $1 billion, Yedid-Botton says ParaFi plans to do more than 5 times that in the next few years.

“I don't see you know why we can't get to $5-10 billion more easily. And we have a very unique LP as well, which is mostly institutional, mostly family office... From a technology standpoint, as a company, I think we'll advance our We say ParaFi is not just a venture capital firm.”

Look, mom, they're not just an investment and technology company; amazing Investment and technology company.

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