Michael Anderson

Michael Anderson is the co-founder of Framework Ventures, one of the largest venture capital firms in the blockchain industry.12 Here are some key details about his background and career:

Professional Experience

Framework Ventures: Anderson co-founded Framework Ventures with his partner Vance Spencer.13 The firm focuses on investing in and supporting blockchain networks, with a particular emphasis on decentralized finance (DeFi).2 Under Anderson's leadership, Framework Ventures:

• Was one of the first VC firms to heavily invest in the emerging DeFi ecosystem1
• Made early investments in successful projects like Chainlink, Aave, Synthetix, and The Graph1
• Raised $400 million for its third fund1
• Expanded into areas like web3 gaming, real-world assets, and social crypto1

Previous Ventures:

• Co-founded and sold Hashletes, a digital collectible startup with NFL licensing13
• Worked as a product manager at Snapchat and Dropbox, helping build their monetization platforms1

Education

Anderson holds an economics degree from Yale University.5

Investment Philosophy

Anderson and Framework Ventures are known for their "network capital" approach, which involves:

• Actively supporting the networks they invest in2
• Creating in-house projects2
• Focusing on infrastructure projects that can help take DeFi mainstream2

Anderson is noted for his keen insights into the DeFi space, having anticipated important trends like yield farming and Ethereum's continued dominance in DeFi.2

Background

Before entering the crypto space, Anderson bridged investment banking and consumer tech, with experience from companies like Snap Inc., Dropbox, and Barclays Capital.3 His transition from working at prominent tech companies to the blockchain space led to the establishment of Framework Ventures.4