Crypto funds have begun resembling VC funds more than hedge funds, following a tough year; Polychain Capital raises $175M for fund with a 7-year lockup period
Olga Kharif / Bloomberg : Tweets: @ttfacer and @alastairjmarsh Tweets: Tim Facer / @ttfacer : Crypto funds morph into venture capitalists shunned in ICO boom • Polychain's $175 million fund includes 7-year lockup provision • More digital asset venture funds are opening than hedge funds https://www.bloomberg.com/... @olgakharif via @technology #VC #HedgeFunds Alastair Marsh / @alastairjmarsh : Polychain Capital, which reached more than $1 billion in assets right before the 2018 market crash, just raised $175 million for a new fund! https://www.bloomberg.com/... via @technology @olgakharif @crypto