The Rothschild family, the Soros Foundation and finally the Rockefeller family enter the game - who's next? Venrock, a venture capital firm worth about $3 billion owned by a legendary American family, is investing in cryptocurrency and Blockchain business innovation.
In particular, Venrock has signed a partnership with CoinFund, a Brooklyn-based cryptocurrency investment fund. The main goal of the collaboration is to help companies implement blockchain projects.
CoinFund is known for developing a technological and scientific approach to investing in decentralized networks and new business models enabled by blockchain technology. CoinFund and Venrock are supporters of YouNow's PROPS project. CoinFund's founding partners and team members combine expertise from Goldman Sachs, Amazon.com, American Capital, Kirkland & Ellis and MIT's Digital Currency Initiative, among others. Jake Bruchman, co-founder of CoinFund, noted that they will support the teams, work closely with all parties involved, and help execute all possible activities between the two companies.
Rockefeller Brothers Inc. was formed in 1946 by Lawrence S. Rockefeller, one of the children of the older generation of Rockefellers, to invest in promising businesses. It was renamed Venrock (enterprise + Rockefeller) in 1969. The well-known investment vehicle of the Rockefeller family, since its inception almost half a century ago, has been focused on the development of technology and science. Their investment lists include market-dominant companies such as Intel, Apple, AppNexus and StrataCom, among many, many others. The firm is now turning its attention to cryptocurrency projects and markets.
The presence of large financial magnates in the cryptocurrency market has caused a revival in the crypto community and may allow regulators around the world to ease their intolerant stance towards this segment of the financial market
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