Polychain Capital, a hedge fund that focuses on investing in digital assets such as bitcoin and ether has raised $10 million; the funding comes from venture firms Andreessen Horowitz and Union Square Ventures; the company launched in September with $5 million from 30 investors and is led by Olaf Carlson-Wee who was also the first employee of Coinbase; according to Olaf: "There will be many types of assets codified into the blockchain, and they are all not just going to be on the bitcoin blockchain — it's going to be a number of different assets here. And the best way to invest in that is a diversified portfolio." Source
Olaf Carlson-Wee recently launched a fund with $15 million in assets under management and backing by Andreessen Horowitz and Union Square Ventures; Laura Shin sat down with Olaf on her Unchained podcast to discuss the fund and how he discovered bitcoin back in 2011; the podcast covers how Polychain Capital invests exclusively in digital assets, not companies, and how Olaf Carlson-Wee views cryptocurrencies; they also cover Olaf being the first employee at Coinbase and how he put what he called at the time his meager life savings into bitcoin. Source