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8 Even among funds with Upfront Ventures Bitcoin & Blockchain VC Survey

8
Even among funds with existing blockchain plays, most investors have
focused on equity investments rather than token offerings.
Has your firm invested capital in a cryptocurrency / token (vs. solely equity in the company)?
7%
14%
24%
55%
n = 87, reflecting only investors whose funds have made at least blockchain investment
No We have done one
investment to learn
We have experimented
with a few
We have done several and
imagine this will be a continued
source of investment

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