Michael has been an institutional investor in the technology sector for the past 25 years. He currently is the Managing Partner of Reciprocal Ventures, a firm he founded in 2016 to capitalize on early-stage private opportunities in Fintech and Digital Finance. Michael is responsible for the overall leadership and investing efforts at the firm. He is an active investor and presently sits on the boards of Reciprocal portfolio companies Peekd, MindBridge, Qwil, WorkRails, and Tallarium.
Reciprocal Ventures, a venture capital firm focused on backing the future of web3, has announced the closing of its oversubscribed $70 million second fund.
“This fund not only marks a meaningful opportunity for us as investors, but a special evolution of Reciprocal Ventures as a firm,” said Reciprocal Founder Michael Steinberg. “We founded Reciprocal to be a thesis-driven venture firm supported by a fundamental, technology-centric research process. This methodology was our North Star during the 2018-2020 bear market, helping us identify and fund seed projects like Solana, Blockdaemon, and The Graph, which are now cornerstones of web3.”