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This Venture Firm Is Going All-In on Crypto for Its Next Fund
- Move comes after bitcoin’s 1,400 percent surge in 2017
- Regulation, scams and volatile market makes move a risky play
Bitcoin Beliefs: Jamie Dimon and Mike Novogratz
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The allure of cryptocurrency is so high that one venture capital firm has decided to go all-in on the currency for its next fund.
Full Tilt Capital, a Raleigh, North Carolina-based venture firm that focuses on seed-round investments, will be putting 100 percent of its next fund in crypto, according to a letter to investors obtained by Bloomberg. The company is seeking to raise $25 million, according to a person familiar with the efforts.