A New Paradigm for Investing? Understanding Tangent, the Web3 Founders' Investment Club Founded by a Former Spartan Partner
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A New Paradigm for Investing? Understanding Tangent, the Web3 Founders' Investment Club Founded by a Former Spartan Partner
Former Spartan partner Jason Choi, together with former DeFiance Capital partner Wangarian, announced the launch of Tangent, an investment club exclusively for founders in the crypto space.
Navigating Web3 tides with focused insightsOn July 6, former Spartan partner Jason Choi joined forces with Wangarian, former partner at DeFiance Capital, to announce the launch of Tangent—an investment club exclusively for founders in the crypto space, guided by the principle: small checks, big impact, high conviction.
Jason said that over the years, we've observed tremendous value in having active founders and operators serve as investors. However, founders are often deeply occupied running their companies and lack bandwidth for proper investment processes.
Over the past four years, Wangarian has scaled two of Asia's largest crypto funds, and together we identified a way to help. We developed a model combining the rigor of funds with the flexibility of DAOs—without their respective downsides—leading to the creation of Tangent.
Wangarian believes that while DeFi has brought many innovations, investment practices are still largely driven by TradFi models. Rebuilding from first principles, we aim to combine the best of Web3 with proven Web2 investment structures.
As an angel investment collective, Tangent will operate under the following structure:
Permanent capital, no external asset management, no fees, no carry;
Small checks, holding up to 3% of any project’s tokens or equity;
High conviction, participating in no more than five protocols per quarter;
Hands-on support, with customized programs tailored for each company;
According to official website information, in addition to Jason Choi and Wangarian serving as full-time advisors, other founder advisors include Gabby Dizon (founder of YGG), 0xMaki (co-founder of SushiSwap), Sam Kazemian (founder of Frax), Tascha (co-founder of Alpha Ventures DAO), State (advisor at SudoSwap), and Mable Jiang (Chief Revenue Officer at StepN).
Regarding Tangent's nature, Jason provided the following clarifications:
One, not a VC.
We complement venture capital—we are an angel investor collective, so we do not take outside capital nor charge fees. Co-investors can only participate if they commit to a set number of weekly face-to-face engagements with our portfolio companies. We help founders identify their lead angel investors.
Two, not an incubator.
While incubators work well for first-time founders, their economic terms are often aggressive (taking 10–20% of a company’s early product). Tangent will never take more than 3% across any project.
Three, not an accelerator.
Accelerators excel at network-building but typically spread bets across 400 companies per quarter. We charge no fees and partner with only 3–5 companies per quarter, designing bespoke programs for each.
What can founders gain by joining Tangent?
Direct, hands-on mentorship and face-to-face interactions with founders who have successfully built products in DeFi, NFTs, and Web3 gaming/consumer apps, along with priority access to audit, recruitment, and legal partners.
Currently, Tangent is open for applications from founders seeking investment and guidance.
Application link: https://docs.google.com/forms/d/1Mu8SngRHL5MH5z_o_3SpUW1QZN8s63JdpUy1oBWnzHQ/viewform?edit_requested=true
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