Multicoin co-founder and managing partner Kyle Samani is stepping back from the crypto-focused venture capital firm after more than eight years, while pledging to remain active in the digital asset sector.
The firm said Samani’s interests have expanded beyond crypto into areas such as artificial intelligence, longevity and robotics, prompting the decision to pursue other technology opportunities.
“It's a bittersweet moment for me because my time at Multicoin has been some of the most meaningful and rewarding of my life,”
Samani said.
Samani has been one of the industry’s most prominent advocates, known for early backing of Solana and for promoting themes such as DePIN and performance-focused development initiatives.
Despite stepping back, Samani said he will continue making personal crypto investments, particularly related to Solana, and will support existing Multicoin portfolio companies.
In recent months, he has also been active in Washington policy discussions, including meetings with the US Securities and Exchange Commission’s Crypto Task Force on staking exchange-traded funds.
Samani will remain chairman of Forward and stay on the board of Zama, while continuing to publicly advocate for crypto adoption and regulatory clarity.
At the time of reporting, Solana price was $92.22.