Cobie’s investment platform Echo reaches $10 million milestone

Echo, a new investment platform founded by prominent crypto investor Jordan Fish, known as Cobie, has hit a significant milestone by investing $10 million into startups.

The platform, which launched in beta in April, aims to democratise access to seed-round investments in crypto, offering opportunities typically reserved for venture capitalists to everyday users.

Less than five months after its launch, Echo has attracted more than 5,000 early users, marking rapid growth and interest in the platform's mission to make venture capital investment more accessible.

Cobie shared the milestone on X, stating, “We have lots to fix and change but we're committed to help open access to private crypto investing, and give founders an alternative option to ‘another VC fund’ in their round.”

Echo’s unique approach allows group leaders on the platform to share investment deals with members of their "club," aligning revenue with user success.

Profits realised by users are shared with Echo and the deal leaders if they opt to enable profit sharing, ensuring that the platform and its leaders only make money when the users do.

Due to regulatory restrictions, Echo cannot publicly disclose the specific startups it has funded.

However, some group leaders have hinted at investments in promising projects like Holograph, with other notable startups such as Megaeth reportedly considering using the platform.

Echo has recently introduced a referral system, allowing existing users to invite up to three new investors to join. New users can also sign up via a waiting list or try their luck with a gamified digital claw machine to win an invite code.

The platform is evolving, with upcoming features teased on August 22, including club group chats, auction-style fundraising, and public profiles, all aimed at enhancing user experience and engagement.

Cobie has expressed a critical view of traditional venture capital in the decentralised economy, stating, “In a decentralized economy, I think VCs are actually sort of an anti-pattern -- concentrated ownership of an instrument intended to decentralize seems like a structural risk to founders.”

Echo’s mission is to offer a decentralised alternative to traditional venture capital, empowering founders and everyday investors alike by providing access to private crypto investments that would otherwise be out of reach.

As the platform continues to grow, it seeks to disrupt the venture capital landscape by aligning with the decentralised principles of the crypto economy, offering a more inclusive approach to early-stage investment opportunities.