Rockefeller’s VC Arm Venrock Feels Lure of Cryptocurrencies

[kreslik.news]

Despite the rise of so-called initial coin offerings, or ICOs, cryptocurrency startups ‎are still landing venture capital funding. US venture capital firm Venrock ‎Associates is now branching out into the cryptocurrency space as the company that sprang from the Rockefeller fortune wants to get a piece of the action.‎

David Pakman, a partner at the New York-based firm, told Bloomberg that the ‎VC fund will invest explicitly in firms that focus on blockchain and digital ‎currencies.‎

Venrock plans to invest in blockchain startups using the traditional venture capital ‎fashion, offering cash in return for equity, before any potential ICO. It’s too early ... (read more)