Announcing our investment in CryptoKitties – the wildly popular, blockchain-based pet
We are very pleased to announce our investment in Axiom Zen, the maker of CryptoKitties. We participated in the $12M Series A alongside our friends at USV and a16z. And, we are excited to be working with the CryptoKitties team to create the leading crypto collectible platform. If you’ve missed the CryptoKitty mania, it’s a […]
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 […]
Organization in a decentralized world – how will decentralized platforms be managed?
There’s a lot of excitement surrounding the decentralized Internet and cryptocurrencies. Technological advancements plus tokens are shaking up traditional business models, enabling organizations to emerge outside the form of traditional companies that we know of today. There’s great promise to build large scale platforms to run open source projects among other things. But how exactly […]