Crypto / blockchain has always been as much of a business model innovation as a technical innovation… Technical innovation: running a decentralized ledger / platform at scale Business model innovation: issuing tokens to give users / participants in the platform a stake in the project By issuing crypto tokens, platforms…
Happy new year! Each week we like share our thoughts on a range of topics from vertical markets to general startup advice and our reflections on investing. We’re proud to say that we wrote a blog post every week in 2018 – and we’ve done that now for the past…
You might have seen in the tech press today that our portfolio company Dapper Labs, the company behind the world’s first and most successful consumer blockchain product, CryptoKitties, has raised US$15M in a Series A2 round of funding led by Venrock, with participation by Google Ventures and Samsung NEXT. When…
Every new technology platform has been built around a specific new capability. The Internet connected people and data at scale (“connecting everyone, everything”). Marketplaces, social platforms, and search all leveraged this capability. The next platform, mobile, was about “always on, everywhere.” Mobile helped spark new products that leveraged these capabilities,…
Part of the job of a VC is to deliver on the promises they made to investors when raising the fund. Every VC defines their investment scope by a combination of thesis (e.g. invest in network-effect driven business), thematic interest (e.g. invest in AR / VR companies), stage (single stage…
