How Cryptocurrencies and Blockchain Startups Are Revolutionising Venture Capital
The decentralization effects of blockchain-based cryptocurrencies are hitting the venture capital industry in more ways than one. Whereas the traditional venture capital industry is boring, the crypto-tech industry has become more exciting. Actually, I see the two models as diametrically opposed: one is a closed market, dominated by command-and-control practices, led by a few rich people on Sand Hill Road. The other is a widely open global market where anyone can play, and where the gains and risks are more evenly distributed. This has led to a re-thinking of how startups who are operating....
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A new venture platform called Block26 was recently launched in Los Angeles to fund blockchain startups. The group shared their plans to invest in companies that are pursuing applications based on blockchain, which is the public ledger of bitcoin transactions. The platform is led by Principals and Co-Founders Ni'coel Stark and Pedram Hasid and backed by Lakeshore Capital among others. It will provide capital, talent, and other resources to incubate a portfolio of startups in the bitcoin space. Blockchain Startups Potential. "We are launching Block26 to provide the bitcoin community with....
Venture capital is often seen as a milestone for startups and entrepreneurs in any industry. Bitcoin companies welcome VC funds as well, although Indie.vc is displaying an attractive alternative. The Downside of Venture Capital Funding. Getting a venture capitalist on board is a big deal for any startup, as they bring much-needed funding to the table.....
Crypto Valley Venture Capital has announced the launch of an early-stage fund for African blockchain startups. Already, the venture capital firm has invested in 12 startups whose use cases go beyond crypto. Uses Cases Beyond Crypto The Switzerland-based venture capital (VC) firm, Crypto Valley Venture Capital (CVVC), has launched an African blockchain early-stage fund. The VC has partnered with the Swiss State Secretariat for Economic Affairs (SECO) in this endeavor, a statement released by CVVC has said. In the same statement, the VC said the objective of the accelerator is to fund some....
In addition to the companies listed below, sales portal BitSimple has raised $600,000 in a bitcoin-only seed round. This article summarizes some of the new State of Bitcoin 2014 data and analysis on venture capital investment presented at last week's Coinsummit conference in San Francisco. Several significant venture capital investments in bitcoin startups have been announced in recent weeks, including Circle's $17m second round, Xapo's $20m first round, and OKCoin's $10m first round (Table 1). Table 1: Bitcoin Venture Capital Investments - 2014 YTD. Sources: CoinDesk, Dow Jones....
Since 2015, an increasing number of multi-billion-dollar financial institutions such as Goldman Sachs have exhibited their interest in emerging innovative financial technologies and startups. Several major banks and financial organizations have established various investment funds for fintech and blockchain startups, to research the application of fintech and blockchain technologies in the financial market. Blockchain technology focused startups have been the main attraction of these banks. According to the Outlier Ventures research team, there are over 1,000 blockchain startups in....