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Pantera Capital
Valor Equity Partners
Goldman Sachs
DRW Venture Capital
CME Ventures
Jump Capital
Kenetic Capital
Founders Fund
Chris Dixon
David Sacks
Mike Novogratz
Digital Currency GroupMixed
A mixed round, some signals are off the norm.
Syndicate size
Party round (26 investors), diffuse ownership and signal.
Insider conviction
All-new money, no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.