One innovation we have seen in Blockchain has been the rise of app coins as a way to monetize protocols and open source projects. Most launches were through Initial Coin Offerings (ICOs), basically crowdfunded app coin sales. And boy, has it taken off! In 2017 alone, ICOs raised more than $100…
On the heels of being named principal last week, I am humbled by Boris’s announcement and thrilled to begin leading deals for Version One. While many of you have already worked with me directly or read my thoughts on this blog over the years, I want to take the opportunity to…
This is an exciting time for cryptocurrencies. As we recently wrote in Cryptocurrency’s Second Act, the rise of Ethereum revealed that cryptocurrency is not a winner-takes-all market. It has evolved from a sole player with a limited use case into an ecosystem with at least two cryptocurrencies at scale, and…
Back in 2009, Bitcoin became the first decentralized cryptocurrency. The prevailing thinking then was that the cryptocurrency market was going to be a winner-takes-all race due to the strong network effects around mining. And, most thought that Bitcoin would emerge as the winner in this race. What happened? Bitcoin, and…
The Blockchain is such an innovative and fundamentally transformative technology, but Bitcoin and Blockchain apps have not yet scaled as much as I would have liked. This slow traction is likely due to two things. First, Bitcoin startups that focus on commerce/payment solutions in North America are competing with existing…
