In a move implying that the launch went well, JFFVentures today unveiled its second fund, JFFVentures Fund II, with a target of $50 million.
So how is JFFVentures Fund II planning to avoid these pitfalls?
Well, Raja says, while the fund is operationally independent from JFF, JFFVentures Fund II will benefit from the wider JFF community, including its connections with government, corporate, education and nonprofit partners.
“We’ve committed in our fund docs that at least 50% of Fund II founders will identify as underrepresented in terms of founder backgrounds,” he said.
Kerszenbaum pointed to JFFVentures’ inaugural fund performance as evidence Fund II can succeed, though.
The SEC might finally approve spot bitcoin ETFs on Wednesday after denying applications for more than a decade.
Counting market movements, it could be $20 billion total AUM in spot bitcoin ETFs.” Valkyrie is one of 11 applicants for a U.S. spot bitcoin ETF; the other firms are BlackRock, Grayscale and Fidelity, among others.
But it was back in the end of September, beginning of October, when we’re launching our ETH futures ETF.
When we got an inclination that [the] spot bitcoin ETF was coming soon, we said OK, well, bitcoin futures ETFs are basically going to go away when a spot bitcoin ETF launches.
So we converted our bitcoin futures ETF into a strategy to invest in both ETH and bitcoin.
South African aerospace startup Cloudline has secured $6 million in funding as it aims to lead the global frontier of carbon emissions-free autonomous flight.
Schmidt Futures, the philanthropic venture founded by ex-Google CEO Eric Schmidt and Wendy Schmidt, is an investor in the seed round.
Working in East Africa, notably in Kenya and Uganda, highlighted the substantial impact of infrastructure on people’s lives.
The following year, Horne founded Cloudline at the intersection of technology, transportation and its implications on community outcomes.
Earlier in the year, Cloudline performed proving flights for authorities in Kenya, marking it as the first airship to fly in East Africa.
