Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Protocol | Tomio Geron | March 12, 2022
Venture firms have been trying to reinvent themselves lately, in an era where founders have an edge with capital aplenty and, at least for now, still-high valuations. It’s no longer enough to be a good adviser, board member and cheerleader. VCs are pushing services like marketing, recruiting, design and data, and broadening their investing stages from seed to growth.
But with the clear arrival of Web3, is that enough? Bessemer is asking that question with a new initiative it’s calling BessemerDAO. The move is part of the firm’s allocation of $250 million of its $2.5 billion fund to Web3 sectors including consumer crypto, infrastructure and DeFI.
BessemerDAO is a statement about crypto.
Can DAOs disrupt portfolio services?
But the ultimate disruption would be a DAO making investments. BessemerDAO could potentially raise money and take stakes in startups, though the regulatory and legal issues would have to be hammered out, Kurzweil said.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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