Today, CoinFund is pleased to announce that we have entered into a strategic partnership with the team at Venrock. CoinFund has had the distinct pleasure of working closely with Venrock partner David Pakman. We deeply value his insight, experience, and vision for the next generation of blockchain technology-enabled open Internet. The transaction will help to support our growth and expand our network to the greater technology markets.
The partnership reinforces the mandate for CoinFund to continue building out a technology-focused and scientific approach to investment in decentralized networks and new business models enabled by blockchain technology. By leveraging each other’s domain expertise, our two teams will be able to mentor, advise, and support teams in the space more effectively than ever before. CoinFund and Venrock are both backers of YouNow’s PROPS Project and have worked together to help founder Adi Sideman realize his vision of a blockchain-based ecosystem of participatory video applications, starting with its flagship application Rize. The application specifications include crypto integration to incentivize and build an economy where creators can broadcast and earn.
CoinFund was founded nearly three years ago as CoinFund LLC and became one of the world’s very first diversified portfolios of cryptoassets, regarding cryptocurrencies and tokens as a radically new asset class. The CoinFund team brings together a strong and multidisciplinary background across the fields of technology, computer science, finance, economics, quantitative research, psychology, and law to apply to the growing blockchain space. The founding partners and team members of CoinFund combine experience from Goldman Sachs, Amazon.com, American Capital, Kirkland & Ellis, and the MIT Digital Currency Initiative, among others. At inception, CoinFund’s foundational thesis was that blockchain-based digital assets would capture value of decentralized networks and are poised to transform the way we transact with digital finances, online infrastructure, social media, marketplaces, organizations, and consumer services. Open source protocols will power many industry verticals, create new innovation vectors, democratize the digital space, and ultimately channel value to their contributors and users. With the growth of cryptocurrencies over the last several years, it now seems more pertinent than ever.
Venrock has a rich history of helping entrepreneurs build great products and technologies, including early investments in legendary companies such as Intel, Apple, Dollar Shave Club, and Nest. As a proponent of net neutrality and the enabling features of technology, Venrock will continue to work towards building the next era of decentralized infrastructure and applications.
CoinFund is excited to make this transition to our next stage of growth with the team at Venrock as a top venture capital partner.
https://blog.coinfund.io/venrock-and-coinfund-teams-announce-strategic-partnership-eb1277dd4658
https://pakman.com/the-crypto-mission-aed741114a03
http://fortune.com/2018/04/06/crypto-vc-venrock-coinfund/