April 29, 2022

It’s been almost exactly six months since Eniac first announced our crypto investment strategy. While the firm’s partners had been investing personally in the ecosystem for years, web3 was growing so quickly (especially developer growth) that we felt the need to rethink our approach as a firm.

Specifically, we implemented an on-ramp strategy into the space by writing checks that were smaller than the typical Eniac investment, with the ability to participate in syndicates and invest in token offerings as well. In doing so, we hoped to learn as much as possible about the most promising parts of the ecosystem while offering full partnership support to web3 founders and helping to push the ecosystem forward.

We’ve moved quickly since then, making more than 20 investments in web3 startups.

April 6, 2022

The position is a unique role based in our New York City HQ (remote possible, but not preferred). We want a team member with a balance of hustle, passion for learning, and strong organization and communication skills, who is ready to play a key role in serving the founders we work with, as well as the broader startup community.

March 28, 2022

March 24, 2022

As Hadley noted in a recent tweet, one big danger facing startup founders is the premature belief that you’ve found product-market fit.

March 10, 2022

Yes, we know there’s something a little mysterious — or even frustrating — about the Eniac website: You can learn about our team and our investments, but you won’t see a list of who led which deal, or all the boards each partner sits on.

This isn’t an oversight, and we’re not doing it to be secretive. Instead, it’s a key piece of the Eniac strategy, one that our partners put in place when the firm was founded in 2010.

March 3, 2022

We’re thrilled to share that our portfolio company Rarify just raised a $10 million Series A, at a $100 million valuation, led by Pantera Capital. It’s only been a few months since we invested in the startup’s $2 million seed round, but we already feels like we made a smart bet.

With its Commerce API, Rarify makes it easy for any company to introduce NFTs to their platforms. It also offers API access to historical data on NFT assets across multiple blockchains, as well an NFT Embeds product to simplify NFT discovery and check-out.

February 28, 2022

Welcome back to Ask a Seed VC, Eniac’s advice column on startup fundraising. Today’s question comes from a founder who we’re leaving anonymous:

We don’t have money anymore in our company, we are doing bridge funding and preparing for a pre-seed. We are creating a prototype and a community of 370 creators. Many VCs I have found are seed. Is it worth it to apply anyways or better concentrate only on angels?

February 10, 2022

Our portfolio company Wallaroo just announced that it has raised $25 million in Series A funding. The round was led by Microsoft’s venture fund M12, and Eniac was thrilled to participate.

CEO Vid Jain founded Wallaroo in 2017, after nine years at Merrill Lynch, followed by a startup where he tried to build analytics applications for large banks — in both roles, he saw many of the challenges faced by teams deploying machine learning models to improve business outcomes.

February 3, 2022

#PitchandRun has come a long way in the last few years — something I’ve been reflecting on after Ryan Deffenbaugh joined us for a recent run and wrote about it in Crain’s New York.

Why put pitching and running together? We started the group in 2019 as a way for founders and investors in New York’s tech community to speak freely, get to know each other, get feedback, and PITCH (!) outside of a four-walled conference room, all while getting exercise. We were partially inspired by Hot Ones on YouTube — we’re not quite as extreme, but we also believe that when a little sweat hits the brow and heart rates increase, so does the conversation.

January 31, 2022

We’re excited to share that Rifki Zable has joined Eniac Ventures as our new Vice President of Finance!

Eniac has been doing a lot of hiring over the past year, and bringing Rifki on-board is a crucial piece of becoming a bigger and better (but still scrappy!) firm. She brings two decades of finance experience to the role, including seven years as the VP Finance/CFO of RRE Ventures, followed by a stint as Director of Finance at Level Equity.