recently announced large new funds specifically dedicated to investing in crypto projects. Bessemer instead made its $250 million commitment from the firm’s $2.5 billion global growth fund.
“We wanted to provide portfolio services in a new way, both to our founders as well as other founders that we may invite into the DAO,” said Kurzweil. “We figured this was the most crypto-native way to provide portfolio support that we could think of as opposed to just taking our venture style and force-fitting it into crypto.
“We want to set up as flexible a structure as possible. There will be a token that everyone gets for being in [the Discord], but then we’re going to see how the incentive structures evolve from there,” said Kurzweil.
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