William: The Choice of Professional Cryptocurrency Investors
Editor's Note: This article is from:Chatting with William (ID: William1913), Author: William Chen, reproduced by Odaily with authorization.
Editor's Note: This article is from:
Chatting with William (ID: William1913)
Chatting with William (ID: William1913)
, Author: William Chen, reproduced by Odaily with authorization.
Although everyone thinks that the currency circle and cryptocurrency investment are extremely risky and gambling-like investments, there will be no "regular army" in it, and some retail investors and relatively large retail investors are just playing this game. But in fact, the cryptocurrency (or blockchain) industry has not only been invested by the world's most professional capital institutions including Softbank, Sequoia, etc., but also a group of professional cryptocurrency venture capital funds have emerged in the circle. .
Just as after the rise of the Internet era, a large number of new funds and investors focusing on Internet investment have also followed the rise. After the arrival of the blockchain era, a group of new types of funds focusing on blockchain investment will also emerge in the foreseeable future. funds and investors.
At present, there are not many "pure blood" venture capital funds in the currency circle, and even fewer are familiar with them. Currently, the top 6 venture capital funds in the world are as follows:
When you see the scale of asset management, you may feel that it is very small. After all, so many domestic funds are worth billions of dollars. However, the currency circle fund with traceable data and reliable data is at this level.
The current scale of the currency circle fund is as follows:
There are only 41 funds with more than 100 million US dollars (the rightmost bar). Of course, these are international statistics, and some domestic funds may be omitted. But the situation is like this.
What I want to talk to you today is mainly about the most dedicated and professional funds in the currency circle. What are they investing in? Or, what are their investment options?
Basically, we can understand that most of the investment is invested in financial services, financial technology, transactions, etc. on the blockchain, as well as a large proportion of blockchain infrastructure. In addition to the "coins" that everyone knows, institutions have also invested in many blockchain companies that do not issue coins, including enterprise-level blockchains, bank-oriented financial services, and industrial-level blockchains. Technology research and development, network infrastructure, etc.
Of course, whether to issue coins or not involves the speed of realization. In fact, many projects that issue coins have also slowed down the time of issuing coins to after 2020. The current currency circle is no longer the era when you can sell it to proxy investors to harvest retail investors after setting up a quota.
Therefore, it can be said that most funds invest in the blockchain at present. The main investments are in exchanges (financial services), public chains (blockchain infrastructure), DeFi (financial technology) and other blockchain service institutions, as well as Bitcoin. Bitcoin, Ethereum and other cryptocurrencies.
Give two more specific examples, one is a16z and the other is DCG.
The most famous of the above funds should be the legendary a16z.
a16z is a cryptocurrency investment fund launched by Andreessen Horowitz, a well-known investment institution. Andreesseen Horowitz and a16z put venture capital into a number of cryptocurrency startups such as Coinbase, Maker, Filecoin and CryptoKitties. Their current investment landscape is roughly as follows:
As an investment institution that has invested in well-known companies such as Facebook, Twitter, Groupon, and Skype, a16z is well-known in the industry. At present, the total investment amount in the world has exceeded tens of billions of dollars. Of course, the blockchain is not considered a "big head" in their investment landscape, but their investment in this field is their investment in the encrypted world, representing their "voting with their feet".
An article wrote: "a16z partner Chris Dixon once described the blockchain as the pirate flag raised again in Silicon Valley, leading everyone to invest in interesting, slightly dangerous and subversive activities. Today, a16z and its investment The projects are leading the rudder of the pirate ship to sail further, and a new era may be slowly unfolding."
Another thing worth talking about is DCG.
DCG was founded in 2015 by Barry Silbert (this is a real boss). Previously invested in Coinbase, Ripple and BitPay. In 2016-2018, Silbert invested in nearly 130 cryptocurrency-related projects, including many of the most famous projects and companies in the industry. In addition to the well-known Coinbase, Coindesk, Ripple (Ripple), ZEC (his founder Zooko was mentioned earlier), Bitpay (not Bitpie), etc. have his investment, the data shows that there are more than one hundred in the currency circle. Every company has his investment.
And this also includes major exchanges in many countries around the world, such as Unocoin in India, Korbit in South Korea, BitFlyer in Japan, BitPesa in Kenya, BitX in Malaysia, etc. After roughly counting, they have invested in nearly 20 exchanges (all of which are of a certain size).
Let's put it this way, he has invested in almost all the famous coins, so DCG is called the "coin king". If you look at this investment map, you can see that it is almost the entire currency circle:
When it comes to DCG (Digital Currency Group), you have to mention their boss, Barry Silbert. This "true leader in the currency circle" has been All in the currency circle in 2016, and has personally practiced the revolution of the blockchain era.
Another thing worth mentioning is Grayscale, which is the familiar "grayscale" (if you are not familiar with it,you must have not followed my Weibo @blockchain William Will).
