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Ex-Uber Execs Have Launched an 'Investor Syndicate' to Fund Startups From Uber Alum
Two former Uber executives have started an investor syndicate called Moving Capital that will invest in companies started by Uber alum, Axios reports. The private syndicate was launched by Josh Moherer, who will lead investments in New York City, and William Barnes, who will head operations on the West Coast, according to Axios. Moving Capital will operate via AngelList and
Tim Draper Says Bitcoin Will Be 'Bigger Than the Industrial Revolution'
If Bitcoin is still in need of a hype man, it may have just found him. A-List venture capitalist Tim Draper not only remains bullish on Bitcoin despite its recent struggles, he actually believes the cryptocurrency will be "bigger than the Industrial Revolution," as CNBC reports. If this seems rather hyperbolic, Draper has a lot more for you to chew
Report: Andreessen Horowitz is Prepping a New Crypto Fund
Silicon Valley venture capital heavyweight Andreessen Horowitz is prepping an exclusive fund to buy and sell cryptocurrencies, Recode reports. Andreessen Horowitz has already beenactive in the blockchain and virtual currency space, investing in "blockchain companies like Coinbase, in crypto-specific funds like Polychain Capital and in initial coin offerings, but, as a fund, it has not yet publicly traded the actual
Why a New Jersey-Based Cryptocurrency Startup is Getting a Lot of Love From Investors
Call it the anti-Bitcoin: Whereas the world's most popular cryptocurrency has fluctuated wildly between euphoric highs and dreaded lows, a crypto startup based in Hoboken, New Jersey aims for something a lot more predictable, as TechCrunch reports. Called Basis, the startup is working on developing a "stable coin," according to TechCrunch, "whose elastic supply will ostensibly expand and contract to