|
Title: $35 Million raise underway by Hosts of "Bankless Podcast" -to fun Web3 Companies Post by: Flexystar on March 02, 2023, 04:13:42 AM Quick news coming from the crypto based podcast named as Bankless Podcast. As unique as it's name is and relevant to the way crypto currenices work with "bank-less" approach, total three hosts from the same has come together to raise around $35 million so that this money can be used for funding the new Web3 based companies and help the community grow further.
Further to this they will also focus on empowering the DeFi porjects. Last year itself they had acquired DeFi software project Earnifi under a newly created vertical called Bankless Labs. Such fund raising is increasing from the Crypto Space and if money is utilized on proper projects then it can make money projects outstand from the Crowd and focus on newer vertical developments easily. Quote DENVER — The hosts of popular crypto podcast and newsletter Bankless are raising a $35 million venture capital fund to invest in seed-stage Web3 companies, sources told CoinDesk. Show hosts David Hoffman and Ryan Sean Adams are to be general partners in the fund, said Ben Lakoff, also a GP. The trio comprise the fund’s investment committee, Lakoff said. The fund, planned as a separate legal entity from the Bankless podcast, will nonetheless share its brand and likely enjoy the clout of one of the better-known content platforms in crypto media. One venture capital source said the combo of platform and investing arm would mean “incredible deal flow” for the nascent VC. It’s the latest example of crypto media striking out into venture capital. Hoffman is on the ground at ETHDenver discussing the fund, one of the sources said. Founded in 2020 by Adams and Hoffman, Bankless has built an influential multimedia presence with its flagship podcast, newsletters, YouTube channel and its own decentralized autonomous organizatio (DAO), complete with a $BANK governance token. According to a preliminary website, the fund will focus on early stage crypto companies and on “empowering pioneers to explore the frontier of Web3.” The pair have also been outspoken supporters of Ethereum, decentralized finance (DeFi) and self-custody. The move by Bankless into the venture capital sector appears to be a continuation of the brand’s foray into crypto investing that began last year. Bankless announced last November that it had acquired DeFi software project Earnifi under a newly created vertical called Bankless Labs. “Bankless is going beyond media,” wrote Adams in a blog post at the time. “Now, we’re building tools for your DeFi journey.” But according to Lakoff, Hoffman and Adams will put the kibosh on their private venture deals once the fund launches with capital from outside investors, at which point everything will run through the fund. "We've all been angel investing individually for years," Lakoff said, "and now we’re putting all that time and energy into Bankless Ventures to accelerate the bankless movement and are able to bring along select LPs to participate" Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources The popular crypto podcast is branching out beyond its media roots to invest in emerging Web3 startups. (https://www.coindesk.com/business/2023/03/02/hosts-of-bankless-podcast-raising-35m-crypto-venture-fund-sources/) Title: Re: $35 Million raise underway by Hosts of "Bankless Podcast" -to fun Web3 Companies Post by: tread93 on March 02, 2023, 04:29:56 AM Quick news coming from the crypto based podcast named as Bankless Podcast. As unique as it's name is and relevant to the way crypto currenices work with "bank-less" approach, total three hosts from the same has come together to raise around $35 million so that this money can be used for funding the new Web3 based companies and help the community grow further. Further to this they will also focus on empowering the DeFi porjects. Last year itself they had acquired DeFi software project Earnifi under a newly created vertical called Bankless Labs. Such fund raising is increasing from the Crypto Space and if money is utilized on proper projects then it can make money projects outstand from the Crowd and focus on newer vertical developments easily. Quote DENVER — The hosts of popular crypto podcast and newsletter Bankless are raising a $35 million venture capital fund to invest in seed-stage Web3 companies, sources told CoinDesk. Show hosts David Hoffman and Ryan Sean Adams are to be general partners in the fund, said Ben Lakoff, also a GP. The trio comprise the fund’s investment committee, Lakoff said. The fund, planned as a separate legal entity from the Bankless podcast, will nonetheless share its brand and likely enjoy the clout of one of the better-known content platforms in crypto media. One venture capital source said the combo of platform and investing arm would mean “incredible deal flow” for the nascent VC. It’s the latest example of crypto media striking out into venture capital. Hoffman is on the ground at ETHDenver discussing the fund, one of the sources said. Founded in 2020 by Adams and Hoffman, Bankless has built an influential multimedia presence with its flagship podcast, newsletters, YouTube channel and its own decentralized autonomous organizatio (DAO), complete with a $BANK governance token. According to a preliminary website, the fund will focus on early stage crypto companies and on “empowering pioneers to explore the frontier of Web3.” The pair have also been outspoken supporters of Ethereum, decentralized finance (DeFi) and self-custody. The move by Bankless into the venture capital sector appears to be a continuation of the brand’s foray into crypto investing that began last year. Bankless announced last November that it had acquired DeFi software project Earnifi under a newly created vertical called Bankless Labs. “Bankless is going beyond media,” wrote Adams in a blog post at the time. “Now, we’re building tools for your DeFi journey.” But according to Lakoff, Hoffman and Adams will put the kibosh on their private venture deals once the fund launches with capital from outside investors, at which point everything will run through the fund. "We've all been angel investing individually for years," Lakoff said, "and now we’re putting all that time and energy into Bankless Ventures to accelerate the bankless movement and are able to bring along select LPs to participate" Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources The popular crypto podcast is branching out beyond its media roots to invest in emerging Web3 startups. (https://www.coindesk.com/business/2023/03/02/hosts-of-bankless-podcast-raising-35m-crypto-venture-fund-sources/) I met the creators of ETH Denver at Permissionless. Very cool dudes. They hooked me up with some sweet coins and limited edition card decks 😎 sounds like they are doing some big things!!! Web3 is crazy. Wait until Web10 is out 😉 Title: Re: $35 Million raise underway by Hosts of "Bankless Podcast" -to fun Web3 Companies Post by: mk4 on March 02, 2023, 05:39:59 AM I'm definitely not against raising money from venture capitalists, but it's funny how they from time to time shit on VCs on their podcast for investing in crypto projects, but yet here we are.
Title: Re: $35 Million raise underway by Hosts of "Bankless Podcast" -to fun Web3 Companies Post by: Faisal2202 on March 02, 2023, 08:32:52 AM Total three hosts from the same has come together to raise around $35 million Thats a hell lot of money they raised well this tri is in itself a wholesome. Great combination of skills and experience came together and raised 30 mil dollars is i think not a wonder. Well after reading news i was urged to see what skill is it they acquired that could let them raise 30 mil from podcasts. Well no doubt i have seen many other fund raising schemes but this is just trio. So i dig.David Hoffman is a experience layer and blockchain based smart contract developer and makes such great contracts. In fact he is the founder of Eth based prediction platform "Realitio (https://realit.io/)" and worked as chief law officer at "MakerDao (https://makerdao.com/)" well these platform has its own fan base. Ryan Adams has a creative mindset and he comes with the greatest decentralized and web3 SaaS and ideas. He is YouTuber and podcaster. Which means he manages all the work of podcast and YT like social media etc. (Just assumption) He also has great expertise in marketing nad ideas so he built his own investment firm known as " Mythos Capitol (https://www.mythos.capital/)" David Lakoff is the developer of blockchain and has great expertise in developing complex Blockchain based platform. Talking about experience, he is the CEO of "Kyber Network (https://kyber.network/)" well i provided the links too for better accessibility. Maybe this trio deserves this. Title: Re: $35 Million raise underway by Hosts of "Bankless Podcast" -to fun Web3 Companies Post by: justdimin on March 05, 2023, 04:55:32 AM Quick news coming from the crypto based podcast named as Bankless Podcast. As unique as it's name is and relevant to the way crypto currenices work with "bank-less" approach, total three hosts from the same has come together to raise around $35 million so that this money can be used for funding the new Web3 based companies and help the community grow further. It is obvious that we are going to get web3 companies a lot higher in the end when they build something great. Hell technically speaking we do not even need crypto for web3 companies to grow big too but it is a good addition without a doubt.Further to this they will also focus on empowering the DeFi porjects. Last year itself they had acquired DeFi software project Earnifi under a newly created vertical called Bankless Labs. Such fund raising is increasing from the Crypto Space and if money is utilized on proper projects then it can make money projects outstand from the Crowd and focus on newer vertical developments easily. I think it is important to realize that we are in a world that keeps on growing and improving and even if you mock the VC's for investing into something, when it is obvious that you should be investing into them as well, it is wise not to miss that chance, it would be a shame if you just mock about it and not take advantage of it. If I had any money to invest like this, I would look for web3 as well since it is looking like a near futures big deal. Title: Re: $35 Million raise underway by Hosts of "Bankless Podcast" -to fun Web3 Companies Post by: so98nn on March 05, 2023, 10:14:28 AM If these investments are going to get us few good projects on the way then why not, these capitalists should be motivated or supported more to do this. Social media is biggest influencer in the current era. While podcasts are one way influencers but they are directly affecting the listeners mind in the long run.
Let’s just consider this as positive news for crypto maximalist and these fund raisers would go through. At the end of any raise, only concerns are it should be used for the right cause and not something else. |