⚠️ On March 31st 2019, TTC Foundation launched its own blockchain solution, TTC, and rebranded TTC Protocol as Acorn Protocol. This article was published before the separation. [Read more]
Coefficient Ventures Invests in TTC Protocol
Today, we are very excited to announce Coefficient Ventures, a crypto fund based in San Fransisco focusing on investing in blockchain vertical projects and startups, joined TTC Protocol as an investor.
What is Coefficient Ventures?
Coefficient Ventures allocate 80% of capital in tokens and ICOs and 20% in equity investment of blockchain-related companies. What is very exceptional about Coefficient Ventures is that, unlike other traditional VCs, its fund is more demoralized and community driven. More than 500 community members worldwide support and contribute to Coefficient Ventures in various fields such as deal sourcing, due diligence, and value-add service for its portfolios. Coefficient Ventures has made more than 25 investments so far, including Filecoin, Raiden, Zeppelin, Thunder, Nucypher, Tari, Urbit and Tomochain, making more than 20X returns at the peak in less than 6 months.
Meet Chance, the Founding Partner of Coefficient Ventures
In today’s competition in blockchain industry, there are many platforms, but not many users. tataUFO, with 11M active users, will tremendously help blockchain industry to grow in both size and quality. Coefficient Ventures is very excited to see the development of TTC protocol and ecosystem
Chance Du — Founding Partner, Coefficient Ventures
Chance Du, the Founding Partner of Coefficient Ventures, first stepped into the world of blockchain in early 2017, right before of the crypto bull market. She was fascinated by the idea of democratized investing opportunities that Blockchain and ICOs brought in, whereas traditionally most of key investments had limited access to top-tier VCs or key angel investors. She launched Coefficient Ventures in September 2017, with a vision of building an influential crypto fund to accelerate the process of democratizing the old financial system and build a new world that never exists before.
When asked why she decided to invest in TTC Protocol, Chance said, “Brian, already a successful entrepreneur, has a higher potential to deliver his plan compared to other less experienced projects.” Also her bet was linked closely to the team’s capacity. “Both of management team have VC background, which will help TTC to build an ecosystem with an organic yet explosive growth, through equity investments and acquisitions.”
Also, she added that “Brian is one of my favorite founders in the blockchain space.” 😁
Welcome on board, Coefficient Ventures. We are excited to have one more amazing partner for this journey of becoming the largest token-incentivized social networking protocol in the world.
Please stay tuned for the further announcements. For any questions, please join our telegram channel.
— Team TTC
