CoinFund's $158M Fund and Challenges in Fundraising

Alex Felix is the Chief Investment Officer at CoinFund.

Back in July, CoinFund announced the raise of $158 million for a new early-stage crypto startup investment fund. 

In this episode, Felix explains how his firm is thinking about allocating the capital, and breaks down the institutional interest in early-stage crypto investing.

According to Felix, the market is still discounting web'3 full potential:

"Almost everyone universally has under-appreciated, the size of the market opportunity for web3. It's open source, it's open competition — when we make this transition to web3 rails, it will be very hard to compete against for any web2 or other business model."

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