Share this article
BTC
$80,513.18
-
1.51%ETH
$1,537.30
-
4.83%USDT
$0.9992
-
0.03%XRP
$2.0000
-
0.20%BNB
$579.24
+
0.73%USDC
$0.9999
-
0.01%SOL
$115.35
-
0.15%DOGE
$0.1563
+
0.65%TRX
$0.2358
-
1.05%ADA
$0.6207
+
1.16%LEO
$9.4150
-
0.79%LINK
$12.31
+
0.05%AVAX
$18.49
+
2.61%TON
$2.9285
-
3.86%HBAR
$0.1711
+
3.36%XLM
$0.2319
-
1.31%SHIB
$0.0₄1192
+
1.35%SUI
$2.1585
+
0.07%OM
$6.4604
-
4.45%BCH
$296.00
-
0.28%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Union Square Ventures to Allocate 30% of New $250M Fund to Crypto-Related Investments
Planned investments "will include holding tokens directly as well as equity in early-stage blockchain-related projects."
Union Square Ventures said it will invest roughly 30% of its freshly minted $250 million 2021 Core Fund in crypto-related investments as it has with other recent funds.
STORY CONTINUES BELOW
- The venture capital firm, known for bets on Twitter, Tumblr and Coinbase, said in a blog post written by Managing Partner Andy Weissman that planned crypto-related investments "will include holding tokens directly as well as equity in early-stage blockchain-related projects."
- "We believe the opportunity to decentralize systems is still in early stages, seeing adoption tailwinds and with a lot of interesting new activity," Weissman wrote.
- USV said it's also interested in ventures that are finding new ways to broaden access to learning and healthcare.
Read more: This USV-Backed Startup Has a Solution for Buying Information With Confidence
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
