ISSUE – Jun. 21 | Why are big VCs opening up crypto funds?

enture capitalists over the last year have disagreed over how they should structure their firms to capitalize on a new type of investing that they weren’t really set up to do.

VC firms, obviously, hold cash. They own stock in private startups and sometimes in public companies. But VC firms, typically, do not own cryptocurrencies like bitcoin or Ethereum, never mind potential, still-being-built cryptocurrencies. [ Recode ]

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