According to recent news of the past days; Lightspeed Venture Partners, which supports many successful technology companies with their investments and plays a key role in the summit of many companies, including social media giant Snapchat, is leaning to create a special fund for the cryptocurrency market.
Table of Contents
3 Different Options for Cryptocurrency Market
It is stated that the firm is now in the process of working to establish a fund to be transferred to cryptographic funds and Blockchain-focused initiatives; at which point we were able to find out which method (s) could be used to answer this question. Despite all these developments, it is said that the fund is not ready at this stage and it is the main reason that the firm can not determine the investment spectrum precisely.
While the company is anticipating investment from mining equipment maker Bitmain , the world famous Bitchain , on the road to Blockchain projects and well-prepared protocols;and also plans to invest in ICOs. This situation is said to reduce the pressure on the partners of the company.
At the moment it is stated that there are three different ways to enter the company’s cryptocurrency market. The first of them, like Andressen Horowitz, creates a fund that acts independently of the principles of the company. Crypto is shown as making special investments in the dynamics of the currency market. It is also pointed out that this fund will not have much to do with the company’s existing principles, and its main purpose will be to follow the dynamics and trends of the cryptographic industry.
The second option is to change the company’s image and functioning. At this point, the company; directly invests in Blockchain projects and wants to change the company’s reputation towards ‘ Blockchain investment firm’ . If this happens, Lightspeed Venture will become a full cryptocurrency-making fund, rather than a technology company like its predecessor.
The third and last option is that the company will create a sub-company under its own roof, which is completely and only interested in the cryptocurrency sector. In this case, the pluses are discussed within the company.
ICO and Blockchain Investments Possible
According to some reports, Lightspeed Venture has already made a serious investment in the gigantic ICO of the Telegram. The company is also reportedly investing heavily in the Basis cryptocurrency project, which is a new stable coin project and wants to end Tether’s dominance.The company invested approximately $ 133 million in Basis.
Some authorities say it will change the company’s image entirely as a cryptocurrency investing firm. Many billionaire angel investors and institutional firms, such as Mike Novogratz, Peter Thiel and Tim Draper , often invest in crypto parcels such as Bitcoin and Ethereum without taking risks. It is certainly ICOs that reflect the most profitable margins in the short term. Let’s see how the company will follow.
