A Sequoia Capital partner explains why he’s not scared of blockchain startups and how it’s changing the VC business
Venture capitalists are supposed to be on the front lines of new technology.
But when it comes to cryptocurrencies and blockchain startups, VCs have been gun shy.
The wariness is understandable to Matt Huang, a partner at Sequoia Capital. After all, investing in blockchain startups means betting on complex, new technology and putting your faith, and capital, into largely unproven alternatives to equity.
Despite the risks, and the fears of a “bitcoin bubble,” Sequoia and Huang are jumping in. The storied VC firm, which made a name for itself with early bets on companies like Oracle and Google, has …read more
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