This article was featured in our latest DCG Insider newsletter. To receive DCG’s latest thinking and news direct to your inbox, subscribe here.
With crypto market whiplash strong as ever, “so much is happening!” often echoes in virtual halls. We prefer “so much is being built!”
Mental models are useful for taking stock of the building. They also help early-stage investors to map industry progress to their portfolio’s strategy and outlook. Here’s our three-layered model of the decentralized web:
DCG is not new to digital asset investing, but, over the past couple of years, we have significantly expanded our investment activity in companies, tokens, and funds to solidify our position at the epicenter of the industry.
We are making two critical hires: (1) a Fundamental Analyst to assess market trends and individual opportunities and (2) a Quantitative Analyst to build robust investment systems. Apply now if you’re interested!
In this interview, Matt Beck, our Director, Investments, tells us about the world-class investment engine his team is building.
This is an archival report, originally published in early March 2020.
We concluded 2019 with our second annual survey, polling the founders and CEOs of our more than 130 active portfolio companies on a range of topics and trends.
By sharing insight into these executives’ accomplishments, challenges, goals, and expectations, we aim to provide a snapshot of the state of the digital asset market and blockchain ecosystem. As this survey matures, it will serve a dual purpose: identify material shifts in sentiment and chronicle the progression of this fast-moving industry.
One prominent theme across our findings is that the next…
We’re thrilled to have participated in Decent’s Series A round. Decent offers affordable insurance to small businesses and independents. In a healthcare system where large insurers are king, this is no small feat. Decent partners with the Texas Freelance Association to allow small businesses to band together to get coverage types and rates typically available only to large employers. The company officially launched in Austin, Texas, last year.
As the COVID-19 crisis swept the US , Decent’s customer signups surged and its value proposition — aligning patient, doctor and provider incentives — came into focus. …
Foundry was publicly announced as DCG’s fourth wholly-owned subsidiary business today — August 27th, 2020. Behind the scenes, CEO Mike Colyer has been quietly building this business from the ground up for close to a year. He now leads a team of 8, the company has issued tens of millions of dollars in equipment financing, and has helped to procure nearly half of the mining equipment sold in North America this year. He’ll tell you the rest in this Q&A session!
Sometime in late 2019, our newsletter subscribers stopped hearing from us. Our analytics suggested most of them probably didn’t notice. If weak engagement is the symptom of a newsletter in decline, the leading causes are tedious content, poor execution, and misunderstood audiences. Our diagnosis was that we lost touch with why we were writing in the first place.
After a cooling off period, we turned a new page, with one question to answer, “what do our subscribers want to hear from us?”
We’re going to be open with you. Only 9% of our 122 active portfolio companies are female founded… and just 3% of our total companies are solely led by women.
Though we’re not far off from industry averages, we feel strongly that these numbers should be higher.
To provide full context, Crunchbase reported in 2019 that the total number of VC-backed companies with female founders rose to 17%*, but that only 2% of those companies did not have a male co-founder.
This week we bring you a Founder Feature interview with Roham Gharegozlou, CEO of Dapper Labs. The company behind CryptoKitties, Dapper Labs is on a quest to support the next generation of killer games, apps and the digital assets that power them.
Tell us about your background and how you got into crypto
RG: I made my first website when I was nine; it was all downhill from there. I tried my hand at a string of small startups during my time at Stanford before deciding I needed time to mature as a leader. …
Are you ready to take your skills to the next level in an industry that is evolving at rapid speed? Are you ready to make real impact at a company rather than being caught as a cog in the corporate wheel or trapped in an ever-narrowing role at a startup? Then it’s time to take a look at Digital Currency Group — the preeminent investor in the emerging bitcoin and blockchain industry.
About Digital Currency Group
DCG’s mission is to accelerate the development of a better financial system. We build and support blockchain companies by leveraging our insights, network, and…
Tell us about your background and how you got into crypto*
AL: I was born and grew up in Munich, Germany. I came to the US to complete my undergraduate studies at Stanford University, where I double-majored in Applied Mathematics and Philosophy. I came across bitcoin in late 2012 and setup a small electricity arbitrage-play by mining it in my student dorm with some friends. Electricity is free for students and we saw an opportunity…
We build and support bitcoin and blockchain companies by leveraging our insights, network, and access to capital