A Venture Fund With Plenty of Virtual Capital, but No CapitalistOlivier Stern, a 31-year-old French socialist with an appetite for risk, recently invested a third of his life savings — 10,000 euros, about $11,000 — in a cryptocurrency start-up that has no legal standing and runs head-on into regulatory obstacles, yet might very well upend the mysterious world of virtual investing.
http://www.nytimes.com/2016/05/22/business/dealbook/crypto-ether-bitcoin-currency.html?smid=tw-sharea VC Fund with no leader and a bunch of amateurs - what could possibly go wrong?
