Joey Krug: Biography, Career, and Business Insights

Joey Krug’s Profile Summary

Company	FoundersFund
Position	Partner
Source of wealth	Management and performance fees from crypto investments at Pantera Capital, investments in Augur and other blockchain ventures, advisory roles
Also known as	Co-founder of Augur, Angel investor, Thiel Fellow.
Age	Unknown
Education	Pomona College – studied Computer Science, but did not complete the degree.
Citizenship	United States
Residence	San Francisco, California, USA
Family	Information about Joey Krug's family is
Website, Social Media	https://foundersfund.com/

Joey Krug’s biography

Joey Krug is a key figure in the world of cryptocurrency and venture capital. He began programming at a young age and eventually dropped out of Pomona College to pursue his passion for blockchain and decentralized finance. Krug co-founded Augur, a decentralized prediction market, which became one of the earliest projects to conduct an Initial Coin Offering (ICO) on Ethereum. His innovation in blockchain technology led him to join Pantera Capital in 2017 as Co-Chief Investment Officer, where he played a pivotal role in managing the firm's Liquid Token Fund and investing in notable companies such as Starkware, Arbitrum, and Alchemy. In 2023, Krug transitioned to Founders Fund, a prominent venture capital firm founded by Peter Thiel, where he continues to drive innovation in the crypto sector. He is also a Thiel Fellow and has been recognized in Forbes' 30 Under 30 list for his contributions to the crypto industry

How did Joey Krug make money?

Joey Krug makes money in the following areas:

Management and performance fees from crypto investments at Pantera Capital, investments in Augur and other blockchain ventures, advisory roles
What is Joey Krug net worth?

As of 2025, there is no publicly available and reliable information regarding Joey Krug’s net worth.

What is Joey Krug also known as?

Joey Krug is also known for co-founding Augur, one of the first decentralized prediction markets that utilized Ethereum's blockchain. In addition, he has made a name for himself as an angel investor, co-founding a top-ranked syndicate on AngelList, where he has backed numerous innovative crypto startups. His expertise and influence in the blockchain space earned him a Thiel Fellowship, a prestigious grant awarded to young entrepreneurs

Prominent achievements of Joey Krug

Co-founded Augur, Co-Chief Investment Officer at Pantera Capital, recognized in Forbes' 30 Under 30, Thiel Fellow, co-developed one of the first ICOs on Ethereum

What are Joey Krug’s key insights?

Joey Krug emphasizes the importance of decentralization in creating more equitable financial systems. He advocates for combining traditional venture capital expertise with a deep understanding of crypto to foster innovation. He is focused on funding the next generation of transformative technologies that can revolutionize global financial systems

Joey Krug’s personal life

Joey Krug has maintained a private personal life, and no detailed information about his family is available.

Useful insights

Analyze the use case and real-world application

When evaluating crypto projects, another critical factor is the project’s real-world use case. Top investors and developers always look for meaningful applications that solve real problems.

Identify the problem it solves

One key lesson from experienced Crypto developers like Vitalik Buterin is that a project must solve a real-world problem or significantly improve an existing process. Assess if the project addresses a clear need in industries like finance, supply chain, healthcare, or decentralized applications.
Assess market demand

Crypto Angel Investors often focus on the market demand for the project's solution. If the project serves a niche with little competition or improves existing technology in a meaningful way, it has a greater chance of success. Conduct your research to evaluate whether the project's target market is growing and scalable.
Check for partnerships and adoption

A project that has established partnerships with reputable companies or institutions is generally seen as more credible. Look for announcements of collaborations or endorsements by industry leaders, as these can indicate trust in the project’s potential.