Key Takeaways
- • Multicoin Capital hired Lucas (@0x_Lucas) to its investment team on October 1, 2026, exactly nine years after the firm's founding, with a mandate to back crypto founders.
- • The hire follows a year of leadership transitions at Multicoin, including co-founder Kyle Samani's shift to advisory role in February 2026 and the March promotion of Spencer Applebaum and Shayon Sengupta to General Partner and Co-Head of Venture.
- • Lucas brings crypto media experience from roles at Pods Media and Bankless, positioning him to source and evaluate early-stage crypto opportunities.
- • The addition suggests Multicoin's new venture leadership is expanding the team's capacity for early-stage investments as it manages a $422 million third venture fund launched in January 2022.
Summary
Multicoin Capital announced the addition of Lucas to its investment team on October 1, 2026, marking a symbolic hire on the firm's ninth anniversary. Lucas, known on X as @0x_Lucas, confirmed the appointment via social media, with senior partners Reed and Xethalis welcoming him to the firm. His role focuses on sourcing and evaluating investments in crypto founders.
The hire arrives during a period of organizational restructuring at Multicoin. In February 2026, co-founder Kyle Samani transitioned from day-to-day operations into an advisory capacity—a significant shift for one of the firm's two founding partners who launched Multicoin alongside Tushar Jain in 2017. One month later, in March 2026, the firm promoted Spencer Applebaum and Shayon Sengupta to General Partner and Co-Head of Venture, establishing new leadership for the venture practice.
Lucas's background in crypto media, including previous positions at Pods Media and Bankless, reflects a recruitment strategy oriented toward deep ecosystem knowledge. His addition to the team, combined with the recent promotion of Applebaum and Sengupta, suggests Multicoin's refreshed venture leadership is prioritizing early-stage deal sourcing and founder relationships. The firm's venture strategy is anchored by a $422 million third venture fund raised in January 2022, alongside token and public market strategies.
The hire arrives during a period of organizational restructuring at Multicoin. In February 2026, co-founder Kyle Samani transitioned from day-to-day operations into an advisory capacity—a significant shift for one of the firm's two founding partners who launched Multicoin alongside Tushar Jain in 2017. One month later, in March 2026, the firm promoted Spencer Applebaum and Shayon Sengupta to General Partner and Co-Head of Venture, establishing new leadership for the venture practice.
Lucas's background in crypto media, including previous positions at Pods Media and Bankless, reflects a recruitment strategy oriented toward deep ecosystem knowledge. His addition to the team, combined with the recent promotion of Applebaum and Sengupta, suggests Multicoin's refreshed venture leadership is prioritizing early-stage deal sourcing and founder relationships. The firm's venture strategy is anchored by a $422 million third venture fund raised in January 2022, alongside token and public market strategies.
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