Blockchain Capital is the first a sector focused VC fund that invests in blockchain technology and bitcoin companies. The firm was founded by Bart Stephens, Brad Stephens, and Brock Pierce with the goal of investing in the leading companies in the sector. The fund is backed by a long list of top tier LPs with deep domain expertise. The fund reserves 50% of the capital to continue investing in startups after the initial investment.
Anyone considering an investment in Blockchain Capital should understand that these investments represent absolute risk and there is a meaningful risk that you can lose all your money. There is no guarantee of a "soft landing" or acquisition if things do not go as planned. In addition, there is no guarantee that, even in a successful company, there will be opportunity for liquidity for the shares represented and an investor should be prepared to have their capital committed for ten years, or more without liquidity.
Blockchain Capital intend to shares every deal with the AngelList platform whenever possible. This AngelList syndicate allows angels and investors from across the world to back every great deal we do on the same terms as our fund.
Portfolio suggestion: Invest in several companies, not one. We don't expect you to back every deal, but please don't invest in just one or two. Aim for 5 or 10 at a minimum and more if you can.
Amount: When you back our syndicate you have to select an "Amount" to back our deals. Remember this is a zero-commitment reservation, meaning you can invest less than this amount or nothing at all. You won't be able to write a check larger than your commitment when a great deal comes along. Deals can become oversubscribed quickly and if your reservation is low, that will be the maximum amount we can let you invest. The best strategy is to enter an amount that represents the largest check you might write in any one deal. There's no risk as you will have to approve every deal we send to you.
Pre-Funding: Backers that want priority, guaranteed access to our deals use AngelList's pre-funding option. This lets you deposit funds with AngelList ahead of time, and when we release a deal you get guaranteed access. Unlike our statements in item #2 above on amounts, if you pre-fund our syndicate you will automatically back our deals. And remember you can always come back and change your commitment later. The upside is guaranteed access, but the downside is you have to lock these funds up with us. Also keep in mind we will NOT approve pre-funded accounts with less than $10k of individual commitments. The reason being that syndicates can only allow 99 guaranteed investors and we have to restrict these slots to larger checks.
Feel free to reach out to us if you have any questions.
- Bart Stephens, Brad Stephens, and Brock Pierce
Blockchain Capital @ Flight.vc intends to syndicate every deal whenever possible. Blockchain Capital typically directly invests $100,000 to $500,000 per deal under the same terms offered to the syndicate.