ALEXANDER PACK

Pack got into crypto early, around 2014, when it was still a fringe curiosity. He did a stint at AngelList, then joined Bain Capital Ventures around 2016 to help launch its crypto practice.

In 2018 he went bigger. He co-founded Dragonfly, a crypto fund with a foot in both the US and Asia, alongside Bo Feng.

It grew into a multi-billion-dollar operation. Then he did it again.

Around 2021 he co-founded Hack VC and now runs it as managing partner. His whole career is basically the same move on repeat.

Spot a new technology before it is obvious. Fund the founders building it.

Hack VC is his main gig now. It is a seed-stage fund that announced a roughly $200 million crypto fund in early 2022, with backers reportedly including Sequoia, Fidelity, and a16z.

Before that came Dragonfly, the crypto fund he co-founded in 2018 that spanned the US and China. He also co-founded Imperii Partners, a crypto-native investment bank.

Earlier stops include Bain Capital Ventures, where he helped start the crypto practice, and AngelList. The through line is crypto, always at the earliest stage.

Pack is an incubator at heart. He likes to show up before there is a product, a business plan, or sometimes even a company.

Just a smart founder and a new idea. Lately he has leaned hard into the overlap between crypto and AI.

Think decentralized computing power and AI tools built on blockchains. His bet is that the two biggest tech waves of the decade smash together, and he wants to own the collision.

In plain English, he funds moonshots that most people think are far too early.

His biggest win is really about timing. Pack started investing in crypto around 2014, years before most VCs would touch it.

Then he co-founded Dragonfly in 2018 and helped grow it into a multi-billion-dollar fund. Getting in that early, and building not one but two crypto funds that serious people handed money to, is the win.

In a field where most funds showed up late and overpaid, he was already there.

The closest thing to a public regret is FTX. Pack has admitted he admired Sam Bankman-Fried and thought he was one of the smartest people he had ever met.

Then FTX collapsed in late 2022 and turned out to be a giant fraud. Pack later called the whole thing terrible at the time but a blessing in disguise, since it cleared a lot of bad actors out of crypto.

Being wrong about SBF put him in crowded company. Almost everyone smart in the room got fooled too.

Still, it is a reminder that charisma is not diligence.

Pack's core belief is that you make the most money by being early and being right when it is uncomfortable. Fund the technology when the market hates it.

Back the founder before anyone else believes. He is also convinced the next decade belongs to the collision of crypto and AI, so he points his money there while it still sounds crazy.

Boiled down, his rule is to buy conviction, not consensus. If everyone already agrees, the easy money is long gone.

Pack keeps his personal and family life out of public view. Unlike a lot of crypto investors, he is not building a personal brand on social media or posting his morning routine.

What is on the record is almost entirely professional. That kind of privacy is genuinely rare in this industry.

Pack went to Wesleyan University, where he graduated with high honors from its College of Social Studies. That is a demanding program mixing philosophy, politics, economics, and history.

Before that he attended the Hopkins School in Connecticut. Here is the interesting part.

He did not come up through a finance or computer science pipeline. He is a liberal arts guy who ended up funding some of the most technical companies in crypto.