Venture 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.
So nearly all of the top tech investors over the last year have been meeting internally and reviewing documents to assess how they can equip themselves legally and financially to invest in ways that don’t fit with their traditional business model ...meer
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