Vessel Capital Announces $55 Million Fund to Support Web3 Startups
Venture capital firm Vessel Capital has launched a $55 million fund to invest in Web3 infrastructure and applications. The goal of the fund is to assist early-stage crypto founders in launching and growing their projects, rather than focusing on scaling. The founders believe that the crypto community has become more global and they want to help more people in this space.
Key Points:
1. Vessel Capital aims to support early-stage startups in the crypto space.
2. The fund’s resources will be deployed over a five-year period.
3. The founders’ experience as startup founders gives them a better understanding of entrepreneurs’ needs.
4. Vessel Capital believes that what is lacking in the VC space is actual guidance and advice for founders.
5. Web3 infrastructure and applications continue to be popular investment targets.
Web3 infrastructure and applications are seen as a catalyst for innovation and decentralization in the new Internet economy. Vessel Capital’s fund aims to contribute to this transformation and create a more efficient and decentralized society.
Hot Take:
Vessel Capital’s $55 million fund demonstrates the growing interest and support for Web3 startups in the crypto community. By focusing on early-stage projects and providing guidance and advice, the fund aims to address the needs of founders and help them succeed in this rapidly evolving space. This initiative aligns with the broader goal of building a more innovative and decentralized Internet economy.
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