Innovation Cycles, Crypto Venture Funds and Institutional Investors

[Paglamon]

This would pass as a simple “hunh, cool” if it weren’t for their recent fund raise. Crypto Fund II hoped to reach $450 million; in April, the firm announced that the raise closed at $515 million. Given that the average VC deal size in 2019 was $3.5 million, that’s a hefty amount of firepower with which to kick off the beginning of the fourth cycle.....
Read here/source: https://www.coindesk.com/a16z-andreesen-horowitz-innovation-crypto-venture-funds-institutional-investors