Balaji Srinivasan, the former CTO of Coinbase and general partner at Andreessen Horowitz, believes that cryptocurrencies will bring about significant changes to the world of investing.
After disturbing the foundations of supply chains, money transfers, and gambling, many were left wondering what crypto would shake-up next.
Balaji Srinivasan, angel investor and former CTO of Coinbase, believes that the next thing crypto will conquer is venture capital.
With companies like Earn, Counsyl, Teleport, and Coin Center under his belt, Srinivasan provides a unique perspective on the future of the industry.
In a lengthy Twitter thread, Srinivasan said that cryptocurrencies have the potential to turn everyone into an investor.
"All this capital comes off the sidelines and flows like water," Srinivasan wrote.
Balaji S. Srinivasan August 6, 2019.The industry going the right way despite the obstacles that await.
Peter McCormack, the host of "What Bitcoin Did" podcast, said that despite all of the possibilities they open, cryptocurrencies still have a long way to go before they can directly compete with venture capital rounds.
"Crypto as a method of fundraising has a lot to prove. Yes it may open up the opportunity to more [money], yes capital might flow like water, but: 1) The checks and balances of VC rounds are helpful, 2) Idiots raising large sums from inexperienced investors, 3) The incentive model is screwed," responded McCormack.
Many different voices contributed to the discussion, but almost every single most agreed that despite the obstacles, the crypto industry is changing venture capital.
Former Coinbase CTO believes crypto will transform venture capital
Published on Aug 7, 2019
by Cryptoslate | Published on Coinage
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