{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Scoop","title":"CoinFund’s new $300 million fund aims to capture ‘steep’ early-stage value","html":"","width":"100%","height":180,"duration":3386,"description":"Web3 investment firm CoinFund recently launched a $300 million fund targeting early-stage crypto and web3 startups.\nIn this episode of The Scoop, CoinFund Managing Partner David Pakman shares how this fund fits into CoinFund’s broader investment thesis for crypto and web3, including why the fund is specifically targeting early-stage startups.\nThe new fund is intended for new crypto startups already showing signs of success. As Pakman explains,\n“We saw a lot of seed-stage companies graduating to have real progress and we wanted to invest in that stage too, so we raised a fund purposefully to invest at the Series A, maybe Series B stage of crypto projects that are showing some traction.”\nWhile CoinFund is also looking to raise an additional $250 million fund specifically for seed-stage investments, Pakman says the early-stage investments typically see the most value creation:\n“A company is showing a little bit of progress, they may be showing some evidence of product market fit, and they're going to raise — not growth capital yet — but, you know, ten to fifteen million dollars… the steepest part of the value creation can happen just after that moment.”\nEpisode 117 of Season 4 of The Scoop was recorded live with The Block's Frank Chaparro and CoinFund Managing Partner David Pakman.\nListen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests can be sent to podcast@theblockcrypto.com.\nThis episode is brought to you by our sponsors Tron, Ledn\nAbout Tron\nFounded in 2013, Huobi Global is one of the largest virtual asset exchanges in the world. Huobi Global serves millions of users across international markets. Since its establishment, Huobi Global has committed to providing first class virtual asset investment services. Huobi Global's robust infrastructure, product innovation and capital strength provides a truly customer-centric and secure trading environment to help our...","thumbnail_url":"https://img.transistorcdn.com/kC6kzNjgr18dm0FmBfV_f9xccAkjj-QXoCJmVNlNtrU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZmIz/N2E5MmRmMzJjOTU3/OTNhYjJkYzcxZTlj/MTU2Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}