Fifth Era/Blockchain Coinvestors Update #23
This week we announce the launch of our Blockchain Coinvestors AngelList Syndicate and explain what you should expect from it. We also would like you to know that our new book, The Intelligent Investor - Silicon Valley has just launched. More on that in a moment.
Blockchain Coinvestors Platform
In 2019, we launched the Blockchain Coinvestors platform. After more than 6 years investing with Blockchain Capital where Alison chairs the advisory board, we believed then, and continue to believe, that a fund of funds is a great way to get broad exposure to the leading private companies in blockchain globally. We also wanted a systematic and professional way to coinvest into the best follow on rounds as they come our way.
Two years later, Blockchain Coinvestors is an LP in many of the leading blockchain VCs around the world, including 1Confirmation, 1kx, Blockchain Capital, Blockchain Ventures, BluFolio, Castle Island, DCG, Future\Perfect, Fabric, Hashkey, IDEO CoLab Fund, Pantera and Variant. Through those funds, Blockchain Coinvestors provides it’s investors exposure to 10 crypto unicorns, including BitFury, Circle, Coinbase, DFinity, Kraken, Ripple, and Robinhood, as well as more than 200 other blockchain companies.
In order to have an institutional ready fund, we moved quickly to establish a stellar Advisory Board including a former COO of Calpers and a former Director of the Federal Reserve Bank of San Francisco. When we thought about all of the people we wanted to include on that Advisory Board, high on our list was Lou Kerner. Lou is a Stanford GSB classmate of ours, and one of the leading voices in crypto through both his constant 24/7 advocacy and the founding of CryptoMondays. CryptoMondays quickly grew to over 50 chapters, becoming one of the largest Meetups for crypto and blockchain enthusiasts and investors. Lou has also been one of the most successful AngelList syndicate leaders with Flight VC.
Blockchain Coinvestors AngelList Syndicate
Because of the position we now hold in the global blockchain ecosystem, Blockchain Coinvestors has started getting access to one off opportunities to directly coinvest, along with our VCs, in some of the leading companies and projects including Coinbase, Dfinity, Filecoin, Polkadot and Ripple, Brex, Uphold, and Wyre as well as earlier stage opportunities that we plan to invest in ourselves but which we don't think meet the filters of our Fifth Era coinvestment program.
It was Lou who suggested that we make these latter investment opportunities available to a broader investor base through a new AngelList syndicate jointly led by Lou and ourselves.
While those of you who are accredited investors have many choices, at Blockchain Coinvestors you now have three:
Invest in a highly diversified way through our fund of funds
Select specific follow on investment opportunities through our Fifth Era coinvestment program
Make smaller earlier stage investments through the new AngelList Blockchain Coinvestors syndicate.
To be an LP in the Blockchain Coinvestors Syndicate on AngelList, and get access to our deals, go to http://bit.ly/BCSynAL and apply. We’ll announce our first investment opportunity in the next week, and plan on syndicating 6-12 investments a year in this way.
The Intelligent Investor - Silicon Valley
Secondly, we have wanted for a long time to write a book on what we have learned over the last three decades as early stage Silicon Valley investors. However, we just did not think that two people's voices warranted a book. Then the light bulb went on. Why not invite 50 or more of Silicon Valley's leading venture and angel investors to share their wisdom in one book.
So that's what we have just launched. We don't believe there is another book that has so much insight from so many of the leading Silicon Valley investors. A veritable fire hydrant of wisdom.
Find it at Apple, Smashwords, and other great booksellers now, or click here to buy it at Amazon.com.
Thank you for reading and please stay safe.
Alison Davis
Matthew C. Le Merle