USV has invested in Multicoin Capital, enabling broader exposure and insights within the blockchain and crypto sector amidst its evolving challenges.

Target Information

USV has been actively investing in the blockchain and cryptocurrency sector since 2011, establishing direct investments in nine companies and projects, alongside one exit. Currently, blockchain and crypto-related investments account for approximately 15% of USV's active portfolio, with roughly 25% attributable to recent investments.

The traditional venture capital fund model is not ideally suited for the unique investment landscape of the blockchain and crypto sector. Funds in this space often leverage tokens for financing and monetization, resulting in quick liquidity and volatility—characteristics that differ from USV's typical investment strategy.

Industry Overview

The blockchain and cryptocurrency industry has seen significant growth and evolution within the United States, reflecting a broader global trend. Its expansion has been

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USV

invested in

Multicoin Capital

in 2018

in a Venture Debt deal

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