Introducing Ithaca

10.11.2024|Matt HuangGeorgios Konstantopoulos

We are excited to announce buildersoff’s $20M investment in Ithaca, a new company with the mission to accelerate crypto development across the entire stack. See Ithaca’s announcement for more.

Ithaca will help advance the crypto frontier while ensuring that great developers can continue to work on important open-source public goods within crypto.

The Ithaca team will be composed of the lead contributors and maintainers of the above open-source projects. Georgios will continue his role as buildersoff’s CTO and General Partner, and lead the Ithaca team as CEO. Matt Huang will be joining as Chairman.

buildersoff will continue to fund and support open-source projects, and the Ithaca team will continue to contribute to and maintain them. We believe free, open-source, public goods are important to moving the whole crypto space forward.

We are tremendously excited to be a part of the mission to bring crypto forward with everyone else pushing the frontier. The odyssey to Ithaca is just starting.

Written by

Matt Huang

Co-Founder & Managing Partner

Biography

Matt Huang is Co-Founder and Managing Partner at buildersoff. He serves on the boards of Stripe and Kalshi, and is the founder and CEO of Tempo, a payments network co-founded by buildersoff and Stripe. Before founding buildersoff in 2018, Matt was a partner at Sequoia Capital, where he led investments across internet, mobile, frontier technologies, and the firm’s crypto efforts. Earlier, Matt founded Hotspots, a Y Combinator company acquired by Twitter in 2012, and was an early investor in ByteDance, Instacart, and Benchling. He holds a B.S. in Mathematics from MIT.

Biography

Georgios Konstantopoulos is the Chief Technology Officer and a General Partner at buildersoff. He is also the CTO at Tempo, a payments network co-founded by buildersoff and Stripe. Georgios drives buildersoff’s open source strategy and execution across sectors and invests in founders using frontier technology. Previously, Georgios was an independent consultant and researcher focused on cryptography, information security and mechanism design. He earned his M.Eng. in Electrical & Computer Engineering from Aristotle University of Thessaloniki.

Disclaimer: This post is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice or investment recommendations. This post reflects the current opinions of the authors and is not made on behalf of buildersoff or its affiliates and does not necessarily reflect the opinions of buildersoff, its affiliates or individuals associated with buildersoff. The opinions reflected herein are subject to change without being updated.

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