Vance Spencer co-founded both Framework Ventures and Framework Labs, making him a co-founder-operator hybrid who actively builds crypto protocols through Labs rather than just investing passively like traditional VCs. He's known for his early, high-conviction DeFi investments in core primitives like Chainlink and Aave, and for arguing that crypto's classic 4-year cycle narrative is breaking down as the market matures into more fundamentals-driven mini-cycles.
About their Fund
Sectors
Web3 / Crypto, Fintech, Gaming / VR, AI, Data
Rounds
Pre-Seed - Series A
Avg Check Size
$100K - $10M
Notable Investments
Framework Ventures positions itself as a "crypto-native technology company" that builds software, tools, and services in-house for the protocols it invests in, while also actively participating on-chain by staking, providing liquidity, and using the protocols rather than staying at the board level only. The firm's founders bring consumer-tech backgrounds from Netflix and Snapchat to help Web3 teams design tokens and user experiences like consumer internet products, and Framework has become known as a "DeFi power user" fund whose partners are frequently cited for specific market structure views on topics like protocol-owned L2s and real-world asset tokenization.
Other partners at the fund
Notable Fund
Investments
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