ChainCatcher message, Zhu Su posted on social media stating that a subtle view on why crypto venture capital funds infrastructure instead of applications is that good applications do not need venture capital (especially large party rounds) because they can achieve net profit very quickly and have lower building costs.

ChainCatcher news, according to Bloomberg, Robot Ventures has raised $75 million for its early-stage cryptocurrency venture capital fund. Robot Ventures is an early investor in crypto startups such as EigenLayer, Lido Finance, and Flashbots. This is Robot Ventures' fourth fund, with investors including TrueBridge Capital Partners, Haun Ventures, Marc Andreessen, and Chris Dixon.

ChainCatcher news, Cinneamhain Ventures partner Adam Cochran posted on social media that the pace of venture capital investment in cryptocurrency has significantly slowed, with a subtle reason behind it. Most venture capital firms have limited partners (LPs), who are primarily interested in returns that exceed those of index funds. However, in the medium term, simply holding Bitcoin and Ethereum can "easily outperform" index funds in terms of risk-adjusted returns.This allows venture capitalists to take a wait-and-see approach towards Bitcoin and Ethereum, waiting for safer and more profitable opportunities, rather than taking on as much early risk in startups as they would in other industries. This is because there are no assets in other markets that provide holding yields like BTC or ETH.Adam Cochran stated that during the last crypto cycle (2020 to 2024), venture capital firms "seemed very active," hoping to get rich alongside participants by investing in applications that had "already exploded." However, several known narratives (NFTs, AMM forks, DeFi, L2s) have already reached their end, and it is currently unclear what the next steps should be.

ChainCatcher news, according to Fortune magazine, a survey found that Yida Gao, the founder of crypto venture capital Shima Capital, created a secret offshore entity and transferred assets belonging to his venture capital firm to a company registered in his own name, without the knowledge of other investors in the company. Lawyer Eric Hess stated that this completely violates the conduct permitted under the Investment Advisers Act.Yida Gao has not been charged with any crime, and a representative of Shima Capital stated that the company would not comment on "such regulatory matters." However, according to an anonymous source, Yida Gao's poor performance and behavior have clearly violated the investor protection rules of the U.S. Securities and Exchange Commission (SEC), putting him in a difficult position for raising further funds. A representative from Shima Capital revealed that the company is currently not seeking financing.Shima Capital has also experienced a wave of high-level employee departures in recent months, including Chief Technology Officer Carl Hua and Research Director Alexander Lin, who left earlier this year to start their own venture capital firm, as well as Chief Operating Officer and Head of Compliance Hazel Chen. The departing executives did not respond to requests for comment. The latest SEC filings show that the firm manages approximately $158 million in assets—this figure is down from the $200 million raised in 2022.

ChainCatcher news, according to Fortune magazine, a limited partner of the crypto venture capital firm Blockchange disclosed that the firm's first fund completed a total capital allocation of over $530 million to investors this March. Since its establishment, the fund has allocated a total of over $860 million.

ChainCatcher news, Neoclassic Capital, a crypto venture capital firm founded by former Goldman Sachs employees Steve Lee and Michael Bucella, has officially launched. The company is dedicated to injecting capital into various sectors of the crypto industry, including emerging SoFi and GameFi projects, as well as services related to digital asset lending, derivatives, and the tokenization of physical assets.Headquartered in Miami, Neoclassic Capital was established in January this year and has received investments from notable figures such as Marc Andreessen, Chris Dixon, and Jeff Vinik, the owner of the Tampa Bay Lightning. The firm focuses on early-stage blockchain applications (from pre-seed to Series A) and acts as a bridge connecting digital asset investors from East Asia and North America with companies, leveraging the cross-cultural backgrounds and multilingual abilities of its founders.Recently, the company has secured investments from several international investors, including SBI Holdings executive Genki Oda and Zurich-based investment advisory firm L1 Digital AG, which will help propel the development of emerging crypto projects. In the future, Neoclassic Capital also plans to launch projects such as hedge funds, growth equity, and credit.

ChainCatcher news, according to Bloomberg, as the financing scale of the digital asset industry rises again, venture capital firms are turning to crypto startups and projects founded by professors and scholars.Analysis shows that the crypto projects Shara, CheckSig, and NEBRA were all founded by scholars, and these projects have successfully raised funding support in the past two months.Notably, EigenLayer, founded by University of Washington associate professor Sreeram Kannan, secured $100 million in February this year with participation from Andreessen Horowitz (a16z), while the crypto project Babylon, founded by Stanford University professor David Tse, successfully raised $18 million. Both projects focus on the vertical field of restaking in crypto.

ChainCatcher news, according to official sources, the venture capital firm No Limit Holdings announced the appointment of Jeremy Huff as partner and co-founder, who previously served as Managing Director and Chief Operating Officer for Morgan Stanley in the China region.It is reported that Jeremy Huff has been the Chief Operating Officer of Morgan Stanley in China since 2017, executing strategies across multiple platforms for the company in mainland China, including serving as the Director of Morgan Stanley's onshore mutual fund business and as a member of the investment committee for Morgan Stanley's RMB private equity fund.

ChainCatcher news, according to Bloomberg, one of Silicon Valley's largest venture capital firms, Andreessen Horowitz (a16z), has raised $7.2 billion in new funding, exceeding the company's previous fundraising target by about 4%. The funds will be allocated to different business units within the firm.A source familiar with the matter stated that Andreessen Horowitz is still expected to raise more funds in 2025, focusing on cryptocurrency and biotechnology.

ChainCatcher news, according to The Block, JPMorgan analysts pointed out that despite the recent recovery in the cryptocurrency market, the venture capital funding flowing into the crypto industry this year is relatively insufficient, which may pose a downside risk.The team led by JPMorgan analyst Nikolaos Panigirtzoglou wrote in a report: "Compared to previous years, the inflow of various cryptocurrency venture capital seems to be relatively sluggish so far this year." "We have previously argued that a recovery in cryptocurrency venture capital inflows is a necessary condition for the continued recovery of the cryptocurrency market; therefore, in our view, the relatively sluggish venture capital inflows so far pose a downside risk."

According to ChainCatcher news, citing Bloomberg Terminal information, Paradigm is in talks with investors to raise between $750 million and $850 million for a new fund, which would make it the largest fund in the industry since the cryptocurrency bear market of 2022.

ChainCatcher news, South Korean crypto venture capital firm Hashed stated that the company executed a total of 29 investments in 2023, with a total investment amount of 36.8 billion won (approximately 28.41 million USD). By industry, blockchain infrastructure accounted for 21%, gaming for 21%, finance for 21%, and IP and content-related startups for 15%.In addition, the company also invested in various early-stage startups that can leverage blockchain infrastructure in the long term, including O2O platforms, sharing economy, and artificial intelligence startups. By country, South Korea had the largest share at 38%, followed by North America (21%), Europe (7%), and other Asian regions such as Singapore (34%). A total of 20 new investment companies were involved, most of which are early-stage startups ranging from seed to Series A.

ChainCatcher news, according to The Block, the digital asset investment firm Haun Ventures, led by former U.S. federal prosecutor Katie Haun, announced that its Chief Policy Officer Tomicah Tillemann is set to resign from his full-time position. Additionally, the company is expanding its policy advisory team for founders. It is understood that Tillemann, who previously served as the global policy head at a16z, plans to join a nonprofit organization next year and will continue to serve as an advisor to Haun Ventures.