Jakub Rusiecki, founder of Social Graph Ventures, said in a post on X that he has joined Colosseum as a principal. He said he first met Clay Robbins in January 2024, when Colosseum was getting off the ground and preparing to raise its first fund. Since then, Rusiecki said he had been tracking Robbins, Matty Tay and Nate Levine as the team worked to turn Solana hackathons into a company incubation pipeline. Over the past year, he said the two sides repeatedly backed the same early-stage projects and found themselves aligned on investment judgment at the earliest stages. Rusiecki also argued that much of crypto venture capital is now concentrated in later rounds, while many of the next wave of companies begin as two-person teams or hackathon projects, often before a typical fund would invest. He said Colosseum brings in developers through hackathons, supports founders from the idea stage through its accelerator, and uses its fund to keep backing breakout teams from the accelerator as well as other companies. In the new role, Rusiecki said he will review hackathon submissions and plans to attend Breakpoint in London.
ChainCatcher reported that Jakub Rusiecki, founder of Social Graph Ventures, said in a post on X that he has joined Colosseum as a principal.
Rusiecki said he first met Clay Robbins in January 2024, when Colosseum was launching and preparing to raise its first fund. He said he had been following Robbins, Matty Tay and Nate Levine from the beginning, while watching the team turn Solana hackathons into a pipeline for incubating companies.
Alignment on early-stage investing
According to Rusiecki, the two sides spent the past year repeatedly getting excited about the same early-stage projects and increasingly reaching similar conclusions on early investment calls.
He also said that most crypto venture capital is currently flowing to later-stage rounds, while the next batch of companies often starts as two-person teams and hackathon projects, usually earlier than the point when a typical fund would invest.
What Colosseum focuses on
Rusiecki described Colosseum as a platform that uses hackathons to attract developers, an accelerator to support founders from the idea stage, and a fund to keep backing breakout projects coming out of the accelerator as well as other companies.
He said he will review hackathon submissions and plans to attend Breakpoint in London.
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