The Framework Ventures co-founder’s journey from teen communist to co-owning $1.4 billion of SNX and LINK — while dodging SBF’s “dogshit.”
Framework Ventures co-founder Vance Spencer recalls the fateful day in 2019 when he and his housemate Michael Anderson went all in on their first fund.
Having been into crypto since 2013, the pair were early ETH adopters and scooped up as much as they could afford from $2 while Spencer worked at Netflix and Anderson was at Snapchat and Dropbox.
That nest egg was certainly a big part of scraping the money together for the fund, which had just one outside limited partner and also swallowed up the money theyd made from selling their Hashletes digital collectibles business.
We were all in, Spencer tells Magazine.
I remember the day we sold our 401(k)s. I remember the day we sold all our stock in Netflix and Snapchat. And there was basically no Plan B. It was: This was going to work, or its gonna be negative net worth.
