According to Bloomberg, Reforge, a new venture fund founded by Alexander Lin and Carl Hua, plans to raise $80 million and has raised 25 million. With Reforge, Lin hopes to find technology that will make blockchain more accessible to founders and developers. "We don't think the current first-layer blockchain landscape can meet the needs of the best consumer founders," he said.
In addition, Alexander Lin, co-founder of Reforge Venture Capital Fund, believes that the push by capital allocators to quickly launch tokens for returns is the main reason. He also criticized the overheated investment in crypto and artificial intelligence cross-border startups, and questioned the feasibility of decentralized computing networks to meet the power needs of AI tools.
It is reported that Lin and Carl Hua both held senior positions at Shima Capital until January this year to establish Reforge.
New Crypto Venture Fund Reforge Plans to Raise $80 million
2024-09-12 00:54:06
Bloomberg report alexander lin carlhua founding new venture funddesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
新加密风险基金Reforge计划筹集8000万美元Next article：
Titan Network完成种子轮融资，Arrington Capital领投
