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Rari Capital’s co-founder joins Chapter One as a Venture Partner

14 Apr 2022 : 16:15
3 min read
  • Jack Lipstone, one of the co-founders of Rari Capital, will join Chapter One as its first Venture Partner
  • He would enable the firm to develop a founder experience program that would support DeFi founders
  • Lipstone will continue to work on business development projects for Rari Capital at the Tribe DAO

Jack Lipstone, one of the co-founders of open interest rate protocol Rari Capital, will join Chapter One as its first Venture Partner to support its DeFi investing strategy.

Lipstone began his crypto journey while still in high school when he and his friends created Ambo, a mobile crypto wallet. MyCrypto later acquired Ambo in 2019 for an undisclosed amount allowing Lipstone to think of a new venture. As his enthusiasm for DeFi grew, he co-founded Rari Capital at the beginning of 2020 to make yield farming easier for investors. Since then, this project has grown into a multibillion-dollar DeFi powerhouse, with its core product Fuse having a TVL of over $700 million.

In September 2021, he began working as a scout for Chapter One behind the scenes, assisting in strengthening the firm’s DeFi footprint. ShapeShift DAO was Lipstone’s most recent investment in this role, on which he worked closely with Chapter One. Following this time, he will become a more active Venture Partner, investing in projects and advising other founders.

“Over the past six months, Jack has become a trusted investment collaborator because of his ability to quickly connect dots and add value to builders across DeFi. We couldn’t be more thrilled to have Jack start his investing journey at Chapter One as a Venture Partner.” – Mene Mazarakis Head of Product & Investor at Chapter One

What does this new position entail?

Chapter One launched a $55 million crypto fund in December of last year, and it also recently launched Studios. This web3 incubator would provide three crypto startups with million-dollar checks and in-house mentorship. Lipstone would enable the firm to develop a founder experience program that would support DeFi founders. Using his experience at Rari Capital, he told Cryptonary that he is particularly interested in assisting initiatives that focus on DeFi accessibility, user experience, liquidity efficiency, community building, fostering network effects, governance, traditional finance bridges, and scaling solutions.

“We’re excited to welcome Jack as Venture Partner at Chapter One focused on all things DeFi. Jack has a special talent for supporting DeFi founders. He’s uniquely valuable to DeFi founders because he’s a builder himself, co-founding Rari where he advised projects in areas ranging from BD, partnerships, liquidity, community, and more.” –¬†Jeff Morris Jr., founder, and managing partner of Chapter One

While this may appear to be a career change, Lipstone will not be leaving Rari Capital and will continue to work on business development projects for Rari Capital at the Tribe DAO. However, his new position will allow him to make a different contribution to the DeFi sector. He is looking forward to meeting and helping even more founders as they work to make the future of decentralized finance a reality.


About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and crypto start-ups.

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