Crypto funds have begun resembling VC funds more than hedge funds, following a tough year; Polychain Capital raises $175M for fund with a 7-year lockup period (Olga Kharif/Bloomberg)

Crypto funds have begun resembling VC funds more than hedge funds, following a tough year; Polychain Capital raises $175M for fund with a 7-year lockup period (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg:

Crypto funds have begun resembling VC funds more than hedge funds, following a tough year; Polychain Capital raises $175M for fund with a 7-year lockup period  —  – Polychain’s $175 million fund includes 7-year lockup provision  — More digital asset venture funds are opening than hedge funds

Crypto funds have begun resembling VC funds more than hedge funds, following a tough year; Polychain Capital raises 5M for fund with a 7-year lockup period (Olga Kharif/Bloomberg)
Source: Tech Meme