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Olaf Carlson-Wee

Olaf Carlson-Wee

Founder & CEO of Polychain Capital

Olaf Carlson-Wee is an American cryptocurrency technology entrepreneur and investor based in San Francisco, California. He is best known as Coinbase's first employee. Olaf is the founder of Polychain Capital.

Carlson-Wee was named in the list of Forbes' 30 Under 30 in 2018.

Early Life

Olaf Carlson-Wee was born and raised in the state of Minnesota, where he grew up near the border of Fargo, North Dakota.


Secondary school, Olaf went to Vassar College where he graduated with a Bachelor's certificate in Sociology. Close to the last end of his scholastic profession he worked on his senior distinctions proposal dependent on Bitcoin. At that point, in 2011/2012, not a great deal of examination was done in scholarly community encompassing digital money and Bitcoin.


After graduating from Vassar College in 2012, he joined the cryptocurrency exchange Coinbase in 2013 as the first employee of the firm. During his stay he was paid in bitcoins for three years.

He left Coinbase and founded the cryptocurrency investment firm, Polychain Capital in 2016. The firm secured investments from venture capital firms Sequoia Capital, Union Square Ventures and Founders Fund. The firm claimed $1 billion assets in 2017 but dropped to $591.5 million as of the end of 2018, majorly due to the drop in the value of its holdings. The firm manages assets worth more than $4 billion as of April, 2021 according to Forbes.

In July 2017, Carlson-Wee appeared on the cover of Forbes’ issue under the caption, "Craziest Bubble Ever." In 2018, he was named to the Forbes 30 Under 30 list. He featured in Fortune magazine's 40 Under 40 in 2018.

Personal Investments

Olaf Carlson-Wee invested in Mem Protocol on Nov 17, 2021. This investment - Seed Round - Mem Protocol - was valued at $3.1M.

Olaf Carlson-Wee Net Worth Revealed

According to Forbes‘s official reports, Olaf Carlson-Wee’s net worth in 2021 has climbed up to $300 million.


June 29, 2021
Crypto Kingpin Olaf Carlson-Wee Buys $28.5 Million Hollywood Hills Mansion
April 14, 2021
Coinbase's first employee in 2013 cold-emailed the founders for a job -- and was paid in bitcoin for 3 years
February 14, 2020
Polychain Capital Targets $200M for Second Venture Fund, Slide Deck Reveals
Olaf Carlson-Wee was born in Minnesota.

Invested in


Further Resources


Blockchain Investing - Olaf Carlson-Wee and Aaron Harris


July 19, 2017

How Olaf Carlson Wee's Fund Transformed $4 Million to $1 Billion in Crypto | NewsBTC


July 30, 2018

Olaf Carlson-Wee : Turned $4m into over $1bn in Crypto


July 21, 2018

Olaf Carlson-Wee Explains Why DeFi And NFTs Will Succeed Where ICOs Fell Short

Steven Ehrlich


April 1, 2021

Olaf Carlson-Wee of Polychain Speaks at Ethereal 2021


May 6, 2021


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