THELOGICALINDIAN - Theres been a lot of adventure basic aerial about the cryptocurrency and blockchain ambiance this year Some advance firms are bequest banking institutions who accept their architect set on this arising technology However some firms are absolutely committed to the blossom fintech industry and are abduction up every agenda bill and broadcast balance startup they can accounts beneath their wings
Also read: Bitcoin’s Capital Controls Resistance a Concern says IMF as $1 Trillion Leaves China
Draper Associates
This early-stage adventure basic close founded by Tim Draper has an alarming 87 Investments in 74 technology-based companies. Some of the companies included in the Draper Associates portfolio are Fluent, Bitwage, EdgeMail, HashRabbit Inc., Skype and Indiegogo. The firm stimulates startups and entrepreneurs to the abutting akin of the technology industry. Draper Associates says that it helps firms actualize advocate concepts that will innovate and agitate with new media, gaming, SaaS, cloud, finance, IOT, and mobile.
Founder Tim Draper is a able accepter in cryptocurrency and blockchain technology. In fact, Draper predicts that the amount of Bitcoin will accelerate and ability $10,000 USD by 2018. Draper has additionally bought 32,000 bitcoins from the U.S. Marshals bargain of the Silk Road seizure. Additionally, aback the bitcoin amount had collapsed to almost $200 in January 2015, Draper bet $400,000 in an email that the bill would animation aback from the low $200s. And the cryptocurrency did aloof that. There has been no chat on whether the action was actually accepted.
Digital Currency Group
This adventure basic close “builds and supports bitcoin and blockchain companies by leveraging insights, network, and admission to capital,” has invested absolutely a bit into the crypto-landscape.
Created by above SecondMarket architect Barry Silbert in 2015, the Digital Currency Group (DCG) has a cogent portfolio of blockchain and Bitcoin startups. The companies DGC has invested in accommodate Bitwala, Fluent, Elliptic, Rootstock, Purse, Gem, Abra, BitPagos, and Shapeshift.
Barry Silbert is additionally a close backer of these arising technologies. DCG has been authoritative after-effects beyond the industry, afresh accepting allotment from Western Union. The firm has additionally added above US Treasury Secretary Larry Summers and Bitcoin developer Gavin Andresen to its lath of advisors. Additionally, DCG owns the media advertisement CoinDesk as one of its subsidiaries. Silbert has additionally created the Bitcoin Investment Trust (BIT), which is advised an “open-ended trust” sponsored by Grayscale Investments. Silbert has said in the accomplished that he believes at some point the amount of Bitcoin will acceleration exponentially afterwards the alpha of a “flywheel” effect.
Blockchain Capital
Another ample adventure basic close that helps accounts and advance beginning startups is Blockchain Capital.
Founded on October 1, 2013 by Brock Pierce, Bart Stephens, and Brad Stephens, the firm wants to advice the blockchain business area grow. Blockchain Capital has almost 48 investments in 36 companies that beset these arising technologies. Companies begin beneath the Blockchain Capital awning accommodate Blockstream, Gem, Stem, Chain, Ripple, and Bitpesa.
Blockchain Capital believes broadcast balance technology and cryptocurrency is “a atypical banking technology that holds the affiance to agitate bequest genitalia of banking casework and actualize new markets.” The three co-founders accept cogent backgrounds in banking technology, internet security, cryptography and Wall Street. Pierce is the Chairperson of the Bitcoin Foundation and is actual articulate back it comes to bolstering Bitcoin-related protocols and businesses.
Pantera Capital
Founded by Dan Morehead, the San Francisco-based advance close Pantera Capital focuses on banking tech services, Bitcoin, IoT, and blockchain protocols. The aggregation is a committed backer of Bitcoin and states, “we accept Bitcoin has the abeyant to transform the way we use money, and that it will do for payments what the Internet has done for communications and commerce.”
The close has invested in Chronicled, BitPagos, 21 Inc., Circle Financial, and Xapo, amid abounding added startups. The aggregation was founded in 2003, but Morehead has back confused the company’s administration on agenda bill and blockchain solutions.
Andreessen Horowitz
Last, but not least, we accept the Silicon Valley giant, Andresen Horowitz. Launched in 2009, the adventure basic close boasts a $2.5 billion USD portfolio.
Founded by Marc Andreessen and Ben Horowitz, the firm invests in a lot of businesses associated with technology, added afresh axis its focus on Bitcoin and blockchain-related investments. Andreessen Horowitz has a whopping 443 investments in 284 companies that absorb startups such as GitHub, Blockspring, OpenBazaar, 21 Inc., Tradeblock and Coinbase.
Marc Andreessen is additionally a actual articulate being back it comes to technology. A close accepter in the Internet of Things revolution, Andreessen tells a TelegraphUK reporter, “The end accompaniment is adequately accessible – every light, every bulge will be affiliated to the internet. Just like with the web itself, there will be bags of use cases — activity efficiency, aliment safety, above problems that aren’t as accessible as smartwatches and wearables.”
Blockchain companies and Bitcoin startups are bustling up everywhere, and these adventure basic moguls all appetite a allotment of the action. There’s a lot of money to be fabricated and, obviously, these firms accept they will get a acknowledgment on their investments with these beginning companies. However, not all of them will succeed. Many companies accept already collapsed to the wayside in this industry.
What do you anticipate about these adventure basic firms? Let us apperceive in the comments below!
Images address of Blockchain Capital, Draper Associates, DGC, Pantera Capital, and Andreessen Horowitz websites
** Disclosure: Bitcoin.com is not associated with any of the above-mentioned firms.
