Tokens Cryptocurrency ICOs SEC VCJ Venture

ICO attorneys risk SEC enforcement action

In an opaque regulatory landscape, blockchain startups that issue digital tokens rely on attorneys for guidance in an effort to avoid enforcement action for violation of securities laws. But the attorneys providing that guidance may themselves also feel the heat of enforcement action from regulators, securities and blockchain attorneys told VCJ. “Law firms have to be very careful. There’s […]

VCJ Venture Confidence Survey

Investor confidence rises in Q1, despite valuations and cost of doing business in Silicon Valley

Silicon Valley venture investors’ confidence of the entrepreneurial environment grew in the first quarter of 2018 compared with the quarter before, and rose above its 14-year average. That’s according to the Silicon Valley Venture Capitalist Confidence Index, which increased to 3.76 in the first quarter, up from 3.66 the previous quarter. The index is run […]

VCJ Venture Cryptocurrencies ICO Tokens Legal
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Bain Capital Ventures supporting financial infrastructure for crypto assets with recent deals

Bain Capital Ventures is investing in companies aiming to build an infrastructure for crypto assets similar to the framework for existing financial systems. In April, the firm invested in Basis, a blockchain-based algorithmic “central bank” that keeps the purchasing power of its cryptocurrency stable by adjusting its supply. The company raised $133 million in a […]

Venture VCJ
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Lack of accounting rules for tokens, ICOs can hinder venture exits

Digital tokens are often touted to venture investors as a track to liquidity that’s much faster than the years a portfolio-company exit can take via acquisition or public offering. But the reality is more complicated, according to attorneys, accountants and venture investors. The lack of U.S. accounting standards designed for the new asset class of tokens […]

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Biomatics Capital targets $300 mln for second venture fund

Biomatics Capital is raising a second venture fund targeting $300 million, according to a regulatory filing. The Seattle-based firm is led by Julie Sunderland, who previously served as the director of program related investments for the Bill & Melinda Gates Foundation, and Boris Nikolic, previously the chief advisor for science and technology to Bill Gates, according to the firm’s website.

Salaray Survey
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U.S. investors receive more in compensation than their peers in Europe, Canada: survey

Next to IRRs, salary and carry distributions are perhaps the most important numbers at a venture firm and among the most closely-guarded. The results of a new survey from entrepreneur and former L Capital Partners Associate John Gannon, who runs a venture capital job listing site, dispel some of the opacity surrounding compensation in the VC community, […]

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Six months after debut, Tusk plans return to market for Fund II

Tusk Ventures’ November closing of its $36 million venture debut finished a fundraising that Managing Partner Jordan Nof said felt like “clawing, scratching and screaming” to earn LPs’ commitments. The story of the firm’s second fund couldn’t be more different. Commitments from current investors already exceed the size of its first fund, and the firm is talking with […]

Venture
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This nonprofit wants to eliminate investor bias with a credit score for venture capital

Venture dollars disproportionately flow to founding teams that are exclusively male, while women-led companies see fewer deals and smaller check sizes. Now a female former startup founder is aiming to eliminate some of the bias that contributes to those disparities by developing an objective score that venture investors and founders can refer to when deciding […]

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Cryptocurrency-backed venture fund Pithia invests in digital-ID company Trusted Key

Washington-based venture fund Pithia is aiming to invest in companies that build on RChain, a blockchain technology platform whose tokens helped fund the venture firm. On May 2, the firm announced one of its first investments, participating in a $3 million seed round in Trusted Key Solutions, a secure-digital-identity company for consumers and enterprise needs. […]

Ohio Performance VC
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Columbus, Ohio, flourishes as a startup ecosystem, but Buckeye State IPOs remain elusive

Ohio-based companies are laying claim to more venture dollars, with the amount of equity invested in Buckeye State companies in 2018 on track to nearly quadruple the amount raised three years ago. Columbus is leading the state’s tech renaissance, overtaking Cincinnati and Cleveland in terms of venture dollars raised in the first quarter of 2018, […]

Utah, venture capital
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Utah draws B2B SaaS, and broader investments, to the Silicon Slopes

Domo, the Utah enterprise-software company, is rumored to be preparing for a public offering. And it will not be the last VC-backed tech company from the Beehive State to go IPO. Domo, valued at $2.3 billion, is a bellwether for the venture industry near Salt Lake City, where businesses founded in the Silicon Slopes have drawn […]

ICO Crypto Venture Deal
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Basis raises $133 mln from Bain, Lightspeed, GV and others for holy-grail ‘stablecoin’

Basis, an algorithmic central bank that is neither a bank nor centralized, announced this week that it has raised $133 million in a private token sale from investors, including Bain Capital Ventures, GV, Stanley Druckenmiller, Kevin Warsh, Lightspeed Venture Partners, Foundation Capital, Andreessen Horowitz, Wing Venture Capital, NFX, Valor Capital, Zhenfund, INBlockchain, Ceyuan Ventures and Sky9 […]