Top growth venture capital firm IVP will look to cryptocurrencies and the blockchain more with its $1.5 billion sixteenth fund.
After decades of supporting tech startups, growth stage investor IVP will be looking to help supply a new gold rush with its sixteenth fund: cryptocurrency.
“It feels like the rise of computing did,” IVP general partner Todd Chaffee says. “I think Jamie Dimon is wrong.”
In September, Dimon set off the cryptocurrency community when the chief executive of JPMorgan called bitcoin and its fellow cryptocurrencies a “novelty.” But to traditional venture capital firms like IVP, it’s become an increasingly interesting item on the menu.