Spencer Noon

Spencer Noon is an Investor at Variant Fund, a cryptocurrency-focused venture capital firm currently operating in the United States. At the firm, he collaborates with partners such as Jesse Walden and Li Jin to manage and deploy capital from the firm's recent $450 million umbrella fund. This capital is strategically directed toward early-stage web3 projects, decentralized finance protocols, and foundational blockchain infrastructure startups. Prior to his current institutional venture role, he built a recognized presence in the digital asset sector by founding OurNetwork, an industry-leading crypto analytics newsletter dedicated to tracking on-chain data metrics. His investment methodology relies heavily on these quantitative signals to evaluate blockchain network adoption and protocol revenue. Noon maintains a specialized focus on leveraging on-chain analytics to identify emerging cryptocurrency trends and guide early-stage venture investments across the broader web3 ecosystem.