Announcing our investment in Lolli – Bitcoin for everyone!
When Lolli launched in August, co-founder Alex Adelman wrote, “Over 60% of Americans have heard of bitcoin, but very few actually own any.” For all of us in the tech bubble, this is a good reminder of the relative inaccessibility of cryptocurrency. Many of us have Coinbase accounts (a V1 portfolio company) and don’t think twice […]
The Four Waves of Crypto Disruption
With both Bitcoin and Ether surging to record highs this week, everyone – entrepreneurs, investors, consumers, businesses and governments – have been caught up in the flurry surrounding cryptocurrencies. Many are trying to understand what’s happening now and where all this is headed. It’s always hard to predict how a new computing platform will play […]
Data is the New Oil
In recent years “Data is the new oil” has become a frequently used phrase in tech and investor circles to describe the incredible rise in the importance of data for today’s economy. Some of the world’s most valuable tech companies are built on tremendous data network effects and access to unique data: Google, Facebook, Amazon, […]
The Redistribution of Network Effects in Cryptocurrencies
Cryptocurrencies have strong network effects, built around the concept of mining. The more miners participate, the cheaper mining gets and the more quickly transactions are validated. (On a side note, this has actually not be true as of late for Bitcoin as it ran into scaling issues which is driving up mining costs). In fact, […]
Why the Blockchain is so disruptive for venture capital
These days not a single meeting with a fellow VC goes by without talking about Blockchain and how to invest in this space. We are all a bit puzzled by how quickly this market has evolved. With a combined market cap of all crypto currencies now topping $170b, crypto has become more than a third […]