Conversations about blockchain

Yes winter is here in “crypto” , but blockchain technology is thriving

Welcome to the first of our new periodic updates about our blockchain-tech focused funds, our strategy, our portfolio, and sector news.


  • Should you read this update? Only if you are curious about how a diversified VC fund focused on blockchain and decentralized finance can thrive despite the decimation of cryptocurrency valuations.
  • Our maiden fund, ACV Blockchain Fund I is completely invested across a portfolio of 27 holdings across equity, tokens, and cryptocurrency investments (approximately a third in each category). Visit the portfolio here.
  • Fund II is now open to qualified accredited investors (see disclaimers below) and several existing investors in Fund I have signed up for Fund II as well. Most have funded their commitments already. However we are not investing from it yet, while we tweak strategy to adapt to the changing blockchain opportunity. Accredited investors who are qualified clients may wish to check out Fund II ( sign up to learn more).
  • Investing and fund-raising will bring me to your global city (London, Chicago, Tokyo) in the next 6 weeks. I also frequently in New York and San Francisco. Please fill out this form and let me know you would like to meet via the message box.

Warm regards,


For all the hand-wringing going on about the crash of crypto (Bitcoin), the larger prize is still to be claimed.   9 charts that tell the real story.

These FREE  webinars are run in a two part series and are intended for general audiences (unlike our Blockchain Investor Series).  This is the second of two parts.

Webinar:  Demystifying Blockchain: Part II: Applications.

Content: We address these topics: What is blockchain? How is it being used?  

Recorded: Nov 29, 2018

Anyone who is keenly interested in the blockchain sector, has probably realized that the blockchain technology market has matured and is primed to solve real-world problems, far separated from the hype and hysteria of cryptocurrencies. As thoughtful, thematic, and analytical venture capital investors (rather than crypto speculators), we at Applied Crypto Ventureshave been firm believers in the enterprise blockchain opportunity.

We recently completed our first overseas reconnaissance as we look to give our portfolio greater geographical diversification. Given the summer lull in the Americas and Europe, it seemed an opportune time to connect with a part of the world that does not slow down much in July and August: Asia.

Enough people asked me to present a primer on how blockchain works (rather to answer the question: is it Bitcoin or is it Blockchain) that I decided to put together a set of slides.  Note that I make some generalizations here in the interest of keeping it simple enough to be a first introduction.

While reports have been pouring in of Thanksgiving dinner conversations this year leading to retirees investing in cryptocurrencies, like much else at the feast, this is probably not healthy except in moderation. But the average retail tech investor could still make a play at blockchain based returns.  However, accessing the blockchain investment opportunity is non-trivial.  There are really three options at their disposal:

  1. Open an exchange account (on Coinbase, Binance, etc.) and trade in listed Cryptocurrencies
  2. Invest in equity of existing technology companies that will benefit from the adoption of blockchain
  3. Invest in a blockchain fund - usually a crypto hedgefund or crypto VC fund.

In this post, I will only address the first two, as the third is addressed elsewhere on our website.

A commonly held and reasonable view of why blockchain investing makes sense is that the technology is transformational on the scale of what the Internet did for businesses over the past twenty-four years, and possibly a lot more so. But just like the Internet boom of the dot-com-era (late 1990s) we are seeing a lot of hype, euphoria, and speculative buying of securities scarcely anybody understands. By most anecdotal estimates, less than 3% of blockchain tokens are actually being used to buy goods or services or real assets.

There are several primers out there on blockchain and cryptocurrencies — often used interchangeably, incorrectly — so I will not try to put forth another one here. Further, this post is not intended to be a guide to investing in cryptocurrencies (like Bitcoin), or the mechanics of investing in tokens/ICO, or a framework for professional investors to map tokens against existing equity investing paradigms.

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