Opinions and analyses

Yes winter is here in “crypto” , but blockchain technology is thriving

Welcome to the first of our new periodic updates about our blockchain-tech focused funds, our strategy, our portfolio, and sector news.

Highlights

  • Should you read this update? Only if you are curious about how a diversified VC fund focused on blockchain and decentralized finance can thrive despite the decimation of cryptocurrency valuations.
  • Our maiden fund, ACV Blockchain Fund I is completely invested across a portfolio of 27 holdings across equity, tokens, and cryptocurrency investments (approximately a third in each category). Visit the portfolio here.
  • Fund II is now open to qualified accredited investors (see disclaimers below) and several existing investors in Fund I have signed up for Fund II as well. Most have funded their commitments already. However we are not investing from it yet, while we tweak strategy to adapt to the changing blockchain opportunity. Accredited investors who are qualified clients may wish to check out Fund II ( sign up to learn more).
  • Investing and fund-raising will bring me to your global city (London, Chicago, Tokyo) in the next 6 weeks. I also frequently in New York and San Francisco. Please fill out this form and let me know you would like to meet via the message box.

Warm regards,

Shyam

Those of you following Applied Crypto Ventures (previously called AVG Blockchain Fund) are probably aware of our laser focus on the foundational layers of the blockchain stack. Our strategy has been largely based on our published thoughts regarding near-term opportunities in the sector in infrastructure and protocols.

We have also developed a view that in this nascent sector, the best deals in line with that strategy (entrepreneurs, technology teams, and investor syndicates) are based in the US — and consequently our early stage investments have been concentrated here.

However, we are now revisiting our geographical concentration strategy based on three observations:

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We welcome your comments and questions.