News, Editorials & Opinions

Lightspeed is Plotting a New Crypto Investing Project
May 17, 2018
 

Lightspeed Venture Partners is considering setting up a new cryptocurrency project that would be the first of its kind for a top-tier venture firm: An earmarked pool of cash within a bigger fund to be spent solely on crypto investments.

Lightspeed, the firm behind hits like Snap, has been exploring three different options as part of an effort led by partner Aaron Batalion to drastically scale up the firm’s activity in the space, Recode has learned. The most probable outcome, sources say, is that Lightspeed would carve out some of its newly raised fund and reserve some of the cash exclusively for crypto deals, rather than creating an entirely separate fund.

Source: Recode (https://www.recode.net/2018/5/17/17359394/lightspeed-cryptocurrency-investing-fund-aaron-batalion)

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