Already this year, in September, Winklevoss Capital announced an AngelList syndicate. The syndicate would be a Venture Capital vehicle with a focus on innovative tech companies and promising digital currency startups are included. The business funding round launched last November and attracted some serious serial Investors, with the likes of Google Express Tom Fallows.
A point of interest in the announcement by Winklevoss Capital is that the company is investing for the medium to long-term. They hinted that they would avoid an excessive or aggressive approach, citing the shortcomings of doing so in the still not mature Bitcoin investment ecosystem. The company stated that: ”Our goal as the investor is to earn meaningful returns, not participation medals.” It seems sound advice and a good practice commonplace.
With a belief in the significant role Bitcoin will play in the tech investments space, Winklevoss Capital will seek to fund a minimum of five deals per year. Despite uncertainty with tech investments, depending sometimes on hard-to-predict factors, Winklevoss Capital stated that there were good chances that more that five businesses would take off.
One of the benefits of AngelList, the Winklevoss brothers argued, is that it allows like-minded investors to connect without geographical constraint.
Speaking with Coindesk, Tyler Winklevoss said:
“The current venture investment opportunities generally remain in the core ecosystem – bitcoin the asset – and the infrastructure layer companies – merchant processors, compliance processors, vaults or storage systems, exchanges, miners, investment vehicles, tax reporting providers – but will eventually shift towards the application layer companies.”
As it is stated in the CCN post about the new Winklevoss Capital Winkdex fund, it will be possible to invest in Winkdex once the fund has the approval from the Securities and Exchange Commission, the main US Capital Markets watchdog. It will be a first Bitcoin Exchange Traded Fund (ETF) if approved.
What do you think of this initiative of the Winklevoss brothers? Comment below!
Images from filecoin.io, Rena Schild and Shutterstock.
Last modified: December 9, 2014 12:17 UTC