Electric Capital taps ex-SEC Chairman Clayton as advisor

Also joining him as advisor are Kevin Warsh and Pratiti Raychoudhury.

  • Warsh is a former member of the Federal Reserve Board of Governors
  • Raychoudhury is vice president, head of research at Meta
  • Electric recently announced $1 billion in fresh capital to invest in early-stage Web3 companies and protocols with investment sizes ranging from $1 million to $50 million

Electric Capital, a Silicon Valley-based Web3-focused venture capital firm, has named Jay Clayton, Kevin Warsh, and Pratiti Raychoudhury are joining as advisors, according to a news release. In this role, all three will serve to support Web3 projects and founders.

Clayton served as the 32nd chairman of the U.S. Securities and Exchange Commission between 2017 and 2020, where he worked with the CFTC, the Treasury Department and the Federal Reserve to address the classification and regulation of digital assets. Currently, Clayton is an adjunct professor at the Wharton School and the Carey School of Law at the University of Pennsylvania. He also serves as lead independent director of Apollo Global Management.

Warsh served as a member of the Federal Reserve Board of Governors between 2006 and 2011. Governor Warsh previously served as special assistant to the President for Economic Policy, executive secretary of the White House National Economic Council and executive director at Morgan Stanley & Co. Currently, Warsh is the Shepard Family Distinguished Visiting Fellow in economics at Stanford University’s Hoover Institution and its Graduate School of Business. He is a partner of Stanley Druckenmiller at Duquesne Family Office LLC and a member of the board of directors of UPS, Inc.

Raychoudhury is vice president, head of research at Meta, leading teams across Facebook, Instagram, WhatsApp, MetaQuest and more. She oversees an organization of over 1,200 researchers around the world and has held a number of leadership roles at Meta since joining in 2010. Prior to joining Meta, Raychoudhury was the director of customer insights at Yahoo!, as well as one of PayPal’s first market researchers where she spent four years leading the consumer research firm.

Electric recently announced $1 billion in fresh capital to invest in early-stage Web3 companies and protocols with investment sizes ranging from $1 million to $50 million. Electric’s investments include Aven, Bitwise, Bitnomial, Certora, dYdX, Frax, Hashflow, Magic Eden, NEAR, Slingshot and more