Geodesic Capital is raising a venture fund targeted at $165 million, according to a regulatory filing. The Foster City, Calif., based firm was founded in 2015 and makes late-stage investments in consumer technology companies.
Are inland states seeing more venture capital deals and dollars? Yes and no. More venture investors say they’re looking outside the tech hubs in California, New York, and Massachusetts for their next investments. They cite skyrocketing costs of living, increasing fatigue toward tech companies and perceived ideological homogeneity as reasons for them to consider parking their […]
The SEC has made headlines in recent weeks as it investigates token offerings that may be in violation of securities laws, but it is not the only regulator to probe potentially dishonest or fraudulent cryptocurrency projects. The U.S. Commodity Futures Trading Commission, which regulates derivatives markets, is also asserting its jurisdiction in clamping down on […]
Across the biggest venture investment sectors in February 2018, deal count dropped while equity invested jumped compared to the same period the year before, according to VCJ’s analysis of preliminary data from Thomson Reuters. In February 2018, there were 224 venture deals with U.S.-based companies totaling $5.6 billion. The biggest share of those companies were […]
The SEC in recent months has issued subpoenas or requests for information to dozens of blockchain projects, companies and advisers, according to reports, indicating that it may take action against some token sales or initial coin offerings for violating securities laws. The apparent sweep indicates the SEC is increasing its involvement in coin and token offerings. […]
Venture and institutional investors are treading carefully as they begin to hold digital assets like those issued in initial coin offerings without clear guidelines from regulators. The SEC has refrained from issuing a bright-line test or set of criteria for whether digital tokens or coins fall under the definition of a security. Instead, U.S. regulators are […]
The National Venture Capital Association is addressing cryptocurrencies in a set of model legal documents it has updated for the first time since 2014. The updates, guided by the NVCA’s general counsel advisory board, address a variety of issues in addition to the emergence of blockchain technology and cryptocurrencies. These issues include life-science transactions, harassment […]
Lindsey Maule, head of cryptocurrency research at Precursor Ventures, has launched Luna Capital, a cryptocurrency-focused hedge fund, serving as CEO and general partner, according to the new firm’s website. Maule joined Precursor in August 2017 to build the firm’s investment strategy for initial coin offerings and advise portfolio companies on launching ICOs, according to her […]
Coastal states command the vast majority of venture capital dollars, with startups in California, Massachusetts and New York inking more than half of all venture deals in 2017. But in the past five years, inland states outside traditional venture hubs have made gains in the number of venture deals and equity raised by startups, with […]
In January 2009, when the first bitcoins were mined, few had heard the term “cryptocurrency.” For their first year in existence, no one traded the bits of code that purported to be digital cash, effectively putting their price at zero. Just nine years later, the market capitalization of all cryptocurrencies had swelled to exceed that […]
For venture-backed startups that want to raise funds by offering tokens, attorney Mark Radcliffe has some key advice about the pitch. “Please, please, if you’re a portfolio company, say you want to do a hybrid token,” Radcliffe said to a packed room at a Feb. 21 event on initial coin offerings at Orange Silicon Valley […]
Venture investor and Sun Microsystems Founder Vinod Khosla is appealing to the U.S. Supreme Court, arguing that California has violated his property rights by requiring him to allow public access to the beach adjacent to his property near Half Moon Bay. In a 151-page filing submitted Feb. 22, Khosla’s attorneys argue that the California Coastal Commission […]
Massachusetts venture firms have been raising more money, but they’re putting a good chunk of the funds elsewhere. In the past three years, venture firms there have raised more funds, both in absolute terms and relative to the total number of U.S. venture funds. And they’ve raised more money as a percentage of the total […]
Tangled Little Dragon has raised all of the $9.3 million it targeted for a venture fund, according to a regulatory filing. The firm is based in Los Angeles, and is led by film producer Lauren Selig and Colborn Bell. It does not appear to have a website. The filing lists three investors.
InFocus Capital Partners has raised $1.1 million toward a targeted $50 million venture fund, according to a regulatory filing. The firm is based in Jericho, New York, and serves as a finance strategy advisor, according to its website. It is led by Robert Rothman, Ronald Weiss, and George Marinopoulos, according to the filing. The fund, InFocus Fund I, has 17 investors.
Gone are the days when venture-fund managers had only cash or stock as the basis of distributions to LPs. As investors turn to blockchain technology and more companies hold initial coin offerings, fund managers are beginning to request cryptocurrency baskets to hold digital assets like coins and tokens. The new asset class brings with it […]
Golden Venture Partners is raising a third fund with an indefinite target amount, according to a regulatory filing. The firm is based in Toronto, Canada, and makes seed-stage investments in companies working in the mobile sector, according to its website. It is led by Matthew Golden.
Philadelphia-based 1315 Capital has raised $300 million for its fund, 1315 Capital II, according to a regulatory filing. The firm invests in pharmaceutical, medical technology, and healthcare service companies, according to its website. It is led by Adele Oliva, Michael Koby, and Brian Schwenk. The fund closed at its hard cap of $300 million, exceeding its $250 million target, according to a press release. The filing lists 57 investors.