Paradigm was founded in June 2018 by Matt Huang, an MIT graduate, and Fred Ehrsam, a Duke University graduate. In October 2018, three of the highest-profile college endowments -- Harvard, Stanford, and Yale -- joined sequoia to invest in the secretive startup VC. So Paradigm was born with a halo. The background of the two founders is worth mentioning. Fred Ehrsam was a co-founder of Coinbase. Matt Huang graduated from MIT and started his silicon Valley startup, which was acquired by Twitter. Since 2011, he has made some early investment successively, and has A very luxurious investment history. Undoubtedly, the most successful one is Toutiao. He discovered this project when he was traveling in Beijing in 2012, and then persuaded his father to invest money, leading to the completion of the additional investment of Toutiao ROUND A. In addition, it also drew a lot of resources for Zhang Yiming, which greatly assisted Toutiao in its most difficult round B financing. Later, he was poached by Sequoia Capital and led several successful investments in blockchain startups.