Cryptocurrencies and Venture Capital

  • Coinlist introduced a legal framework for “coinsales” called SAFT. This is similar in some regard to when Y Combinator introduced SAFE, but for cryptocurrency based fundraising.
  • Coinlist will be like AngelList in some regard but for coinsales.
  • In 2017 so far, coin offerings have raise more than $100 million in 15 deals (source)
  • Filecoin will be the coin offering to watch on Coinlist as a test of the platform.
  • Ethereum went from a price of $1 to $200 in 18 months. It’s highly liquid with a market cap of $20B and a trailing 24 hour trade volume of roughly $400m (source). Ethereum is powering many of the ICOs.
  • “The best venture investment of the last three years wasn’t a venture deal. Ethereum — 750x, liquid, and open to all.” -Naval Ravikant, founder of AngelList, tweet
  • Brave, founded by former Mozilla CEO Brendan Eich, raised $35 million from its ICO — and it did it in less than 30 seconds (source).
  • Filecoin will be the ICO to watch on Coinlist which will set the tone for future Coinlist ICOs.
  • “Union Square Ventures has a number of portfolio companies that will do ICOs.” (source)

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Co-founder of @EverbloomHQ, VC at Sigma Prime Ventures, Co-founder of @Localytics, Software Engineer, @andrew311, http://www.andrewrollins.com

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Andrew Rollins

Andrew Rollins

Co-founder of @EverbloomHQ, VC at Sigma Prime Ventures, Co-founder of @Localytics, Software Engineer, @andrew311, http://www.andrewrollins.com

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