![]() ![]() ![]() The strategy is now entering its 8th year, and so far we are investors in 20 pure-play blockchain venture funds in the Americas, Asia and Europe and in a combined portfolio of more than 250 blockchain and crypto projects including 20 blockchain unicorns. Since 2014 our goals have been to provide broad coverage of the emerging unicorns and fastest growth blockchain companies and to capture superior returns from investing in the leading blockchain venture partnerships. This one will be brief, but does include one big ask we have of each of you. So that continues to beĭear Blockchain Coinvestors Syndicate Members,įirst a happy and safe 2021 to each of you and our gratitude for joining the syndicate. The deals, it’s really the quality of the deals that will drive the other two metrics. While participation is a function of the total # of LPs, the total # of deals, and the quality of While we track total LPs, the far more important metric is how many of our LPs participated in an We thank you for your continued help here. View this AngelList syndicate as a community and we know we’ll optimize our deal flow if we can make The Syndicate saw continued LP growth in January, adding another 34 LPs, to reach 209 total. The forefront Syndicate made 15 investments in 2020. He started with Barbara Corcoran in 2014. In addition to our own Matthew Le Merle, our firstĮpisode featured Phil Nadel, Co-Founder and Managing Director of Forefront Venture Partners, a Syndicate In addition to new deals, we’ll also continue to provide educational content, including new episodes of “AngelList Syndicates Are Killing It”, where we invite the leading Syndicates to share insights on optimizing investment returns on the platform. The bad news is, the rapid growth is straining AngelList resources, so it’s taking longer to get the deals live. The good news is, the AngelList platform continues to grow at a rapid pace. We have two more investments poised to launch in February, as we continue to scale the Syndicate. We continue to get phenomenal deal flow from the 15 VCs we’re LPs in. Our second investment, DappRadar, raised $154,780, 54% above our original goal. Given the delay, we opened the investment back up and added another $27,000, 27% above our initial goal. Our first investment, Uphold, hit some kinks at AngelList that delayed the closing. The macro environment was also hugely positive for crypto with seminal events ranging from the raid on the Capital (highlighting the chaos engulfing democracies around the world), to Robinhood shutting down trading in GameStop and other stocks (highlighting the massive flaws inherent in centralized financial applications).Īs we stated in our first newsletter last month, these newsletters are meant to provide our Blockchain Coinvestors AngelList LPs with:Ĥ. Bitcoin’s 17.3% rise was dwarfed by gains in Ethereum (up 77.9%), which was dwarfed by gains in some of the leading DeFi apps (e.g. Crypto came screaming out of the blocks in the new year, with total market cap up 43% in the first eight days, before settling to an impressive 32.7% gain for the month. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |