Mark Mason
Well-known member
Rockefeller Family Invests in Blockchain Tech
The infamous Rockefeller family, made rich by oil at the turn of the 20th century, will now be investing in blockchain and cryptocurrency technology in the 21st century through their venture arm, Venrock.
The investment involves a partnership with Coinfund, a cryptocurrency investor group, to assist entrepreneurs in their endeavors to launch blockchain related businesses. David Pakman, a Venrock partner, emphasized the partnership saying that they have “been making investments and actually helping to architect a number of different crypto economies and crypto token-based projects”. Venrock has a total of $2.6 billion USD of assets under management and counts Nest and Dollar Shave Club as previous investment successes.
Pakman further elaborated that Venrock is investing for long-term gains of blockchain and cryptocurrency technology and is not concerned with the short-run. Pakman mentioned how “there are a lot of crypto traders in the market [and] there are a lot of cryptocurrency hedge funds”, but that Venrock “is different [since] it looks a little bit more like venture capital.” Coinfund, founded in 2015 and based in Brooklyn, NY, has had its own successes such as Kik, the messaging app that has ventured into blockchain.
Read more: https://www.dashforcenews.com/rockefeller-family-invests-in-blockchain-tech/
The infamous Rockefeller family, made rich by oil at the turn of the 20th century, will now be investing in blockchain and cryptocurrency technology in the 21st century through their venture arm, Venrock.
The investment involves a partnership with Coinfund, a cryptocurrency investor group, to assist entrepreneurs in their endeavors to launch blockchain related businesses. David Pakman, a Venrock partner, emphasized the partnership saying that they have “been making investments and actually helping to architect a number of different crypto economies and crypto token-based projects”. Venrock has a total of $2.6 billion USD of assets under management and counts Nest and Dollar Shave Club as previous investment successes.
Pakman further elaborated that Venrock is investing for long-term gains of blockchain and cryptocurrency technology and is not concerned with the short-run. Pakman mentioned how “there are a lot of crypto traders in the market [and] there are a lot of cryptocurrency hedge funds”, but that Venrock “is different [since] it looks a little bit more like venture capital.” Coinfund, founded in 2015 and based in Brooklyn, NY, has had its own successes such as Kik, the messaging app that has ventured into blockchain.
Read more: https://www.dashforcenews.com/rockefeller-family-invests-in-blockchain-tech/