ECC exposure scoreboard
Which crypto VCs are most exposed to elliptic curve failure?
Most of the industry is long an asset class whose cryptographic foundation has a known expiration date. vc.fail measures that concentration from public portfolios — an LP due-diligence view, not a morality play.
$33.3B
estimated classified AUM still exposed to elliptic-curve failure
$33.3B of public AUM × each fund’s exposure score. Data as of 2026-08-24.
- Avg exposure
- 99.4%
- Funds scored
- 25
- PQ-native deals
- 0
- Funds with PQ signal
- 1
Scores use publicly disclosed investments only. Unknown names are excluded from the denominator. This is a measurement tool, not a claim about private books or future returns. Read the methodology.
Leaderboard
Default sort is most exposed. The interesting names are the outliers — funds that already allocated to hybrid or post-quantum native designs.
25 funds · click a row for the public book
| # | Fund | Exposure | AUM | Deals | PQ signal | Focus |
|---|---|---|---|---|---|---|
| 1 | ▸Paradigm | 100.0% | $8.5B | 6 | — | United States · Multi-stage |
| 2 | ▸a16z crypto | 100.0% | $7.6B | 7 | — | United States · Multi-stage |
| 3 | ▸Pantera Capital | 100.0% | $4.8B | 5 | — | United States · Multi-stage |
| 4 | ▸Polychain Capital | 100.0% | $2.6B | 6 | — | United States · Multi-stage |
| 5 | ▸Blockchain Capital | 100.0% | $2.5B | 5 | — | United States · Multi-stage |
| 6 | ▸Dragonfly | 100.0% | $2.0B | 5 | — | Global · Multi-stage |
| 7 | ▸Framework Ventures | 100.0% | $1.4B | 4 | — | United States · Early |
| 8 | ▸Multicoin Capital | 100.0% | $1.0B | 4 | — | United States · Early |
| 9 | ▸Electric Capital | 100.0% | $1.0B | 3 | — | United States · Early |
| 10 | ▸Haun Ventures | 100.0% | $1.5B | 3 | — | United States · Multi-stage |
| 11 | ▸Castle Island Ventures | 100.0% | $400.0M | 3 | — | United States · Early |
| 12 | ▸Coinbase Ventures | 100.0% | — | 5 | — | United States · Seed |
| 13 | ▸YZi Labs | 100.0% | — | 5 | — | Asia · Multi-stage |
| 14 | ▸Hashed | 100.0% | — | 3 | — | Asia · Early |
| 15 | ▸Animoca Brands | 100.0% | — | 3 | — | Asia · Multi-stage |
| 16 | ▸Spartan Group | 100.0% | — | 3 | — | Asia · Early |
| 17 | ▸Placeholder | 100.0% | — | 3 | — | United States · Early |
| 18 | ▸Variant | 100.0% | — | 3 | — | United States · Early |
| 19 | ▸1kx | 100.0% | — | 3 | — | Europe · Early |
| 20 | ▸Robot Ventures | 100.0% | — | 3 | — | United States · Seed |
| 21 | ▸Hack VC | 100.0% | — | 3 | — | United States · Early |
| 22 | ▸Maven 11 | 100.0% | — | 3 | — | Europe · Early |
| 23 | ▸Delphi Ventures | 100.0% | — | 3 | — | Global · Early |
| 24 | ▸Standard Crypto | 100.0% | — | 3 | — | United States · Early |
| 25 | ▸Union Square Ventures | 85.0% | — | 3 | 1 | United States · Early |