JUST IN: After a massive $1 billion raise, crypto VC ElectricCapital is building two new funds with long-term and community-focused investments in mind. Blockanalia reports
However, co-founders Curtis Spencer and Avichal Garg said in an interview that while the types of investments the funds will consider will be broad, they will specialize in projects with a strong community focus and fair launch token allocation.
In Electric’s view, projects with more community ownership are also starting to look like superior investments. Electric strives to own less than 10% of a project’s token supply at most, and tend to own “1%–5%” of the networks they invest in, according to Spencer. “It’s going to come down to: How good of a picker are you? It’s still a venture, but the way you acquire the assets is going to be a little bit different. We think that’s the way the world’s going to work, and we can play in that market too,” he said.
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