• Latest
ConsenSys Picks Latest 10 Blockchain Startups for Accelerator Program

Kavita Gupta Out at ConsenSys Ventures in Company Reorg

May 6, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Kavita Gupta Out at ConsenSys Ventures in Company Reorg

coinnewsdaily by coinnewsdaily
May 6, 2019
in Business
0
ConsenSys Picks Latest 10 Blockchain Startups for Accelerator Program
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

ConsenSys is restructuring as it seeks to raise $200 million.

The ethereum-centric conglomerate’s ConsenSys Ventures arm, originally founded in September 2017 with a $50 million war chest from founder Joseph Lubin, is now being combined with other sectors of the ConsenSys “mesh,” including the Tachyon startup accelerator and ConsenSys Labs.

Related to the move, Kavita Gupta, the head of ConsenSys Ventures, stepped down today, as was first reported by The Block.

“All the investment activities are lining up together, which is great,” Gupta told CoinDesk Monday. “I will remain on the board of some of the existing companies and help.”

To be clear, most of what people know today as ConsenSys was technically a part of ConsenSys Labs. Shawn Cheng, the managing partner of ConsenSys Labs, told CoinDesk the most widely used infrastructure providers in the ethereum space, including Infura and MetaMask, are considered part of the Labs “startup incubator.”

Other ConsenSys departments focus primarily on enterprise and government contracts as well as partnerships with external companies, Cheng said.

With the news of Gupta’s departure and the merging of ConsenSys Ventures, all the investment sectors of Lubin’s conglomerate will now operate under the guidance of Cheng’s team.

“We’ve been playing air-traffic control,” Cheng said, describing how talent would move across the company to work with various teams. “We’ve kind of been talking about this for maybe six months now.”

According to a new press release, ConsenSys has invested in 21 companies so far, including the Israeli startup StarkWare and the Truffle Blockchain Group, which was recently spun out of ConsenSys as a standalone company.

“We want to level up, put even more skin in the game and help actually build the products,” Cheng said. “It’s less about zero-sum and more about pie growth right now.”

Cheng declined to say which venture partners, beyond Lubin himself, have already agreed to fund ConsenSys going forward. However, Cheng said the future will emphasize a “global” focus.

“We also want to provide flexibility with how people think about investments and liquidity pools,” Cheng added.

Kavita Gupta image courtesy of ConsenSys

Credit: Source link

Share76Tweet48
Previous Post

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 6

Next Post

xCurrent 4.0 Goes Live, Ripple’s CTO Confirms Citing Support for xRapid

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post

xCurrent 4.0 Goes Live, Ripple’s CTO Confirms Citing Support for xRapid

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,019.00-0.20%
  • ethereumEthereum(ETH)$1,570.93-1.67%
  • tetherTether(USDT)$1.000.07%
  • binancecoinBNB(BNB)$305.38-0.83%
  • rippleXRP(XRP)$0.409191-0.97%
  • cardanoCardano(ADA)$0.382082-1.80%
  • dogecoinDogecoin(DOGE)$0.0877800.60%
  • matic-networkPolygon(MATIC)$1.14-1.50%
  • okbOKB(OKB)$39.258.00%
  • solanaSolana(SOL)$23.91-1.36%
  • polkadotPolkadot(DOT)$6.37-2.64%
  • shiba-inuShiba Inu(SHIB)$0.0000120.41%
  • litecoinLitecoin(LTC)$89.090.18%
  • tronTRON(TRX)$0.063196-0.33%
  • daiDai(DAI)$1.000.07%
  • cosmosCosmos Hub(ATOM)$13.15-1.81%
  • chainlinkChainlink(LINK)$7.20-2.13%
  • leo-tokenLEO Token(LEO)$3.78-1.53%
  • moneroMonero(XMR)$185.313.07%
  • ethereum-classicEthereum Classic(ETC)$21.70-1.14%
  • bitcoin-cashBitcoin Cash(BCH)$131.69-2.09%
  • stellarStellar(XLM)$0.0929350.28%
  • crypto-com-chainCronos(CRO)$0.081194-0.84%
  • filecoinFilecoin(FIL)$5.25-2.58%
  • algorandAlgorand(ALGO)$0.2560851.07%
  • vechainVeChain(VET)$0.024159-2.70%
  • internet-computerInternet Computer(ICP)$6.01-0.32%
  • aaveAave(AAVE)$83.86-3.76%
  • eosEOS(EOS)$1.09-1.82%
  • elrond-erd-2MultiversX(EGLD)$44.48-0.28%
  • theta-tokenTheta Network(THETA)$1.07-4.45%
  • tezosTezos(XTZ)$1.10-1.24%
  • paxos-standardPax Dollar(USDP)$1.00-0.04%
  • bitcoin-cash-svBitcoin SV(BSV)$43.53-0.79%
  • huobi-tokenHuobi(HT)$5.111.24%
  • havvenSynthetix Network(SNX)$2.45-4.13%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.00-0.55%
  • iotaIOTA(MIOTA)$0.237331-2.70%
  • zcashZcash(ZEC)$45.29-2.43%
  • makerMaker(MKR)$650.45-2.84%
  • neoNEO(NEO)$8.21-0.48%
  • dashDash(DASH)$50.66-1.80%
  • zilliqaZilliqa(ZIL)$0.029302-0.37%
  • basic-attention-tokenBasic Attention(BAT)$0.260903-1.42%
  • compound-governance-tokenCompound(COMP)$55.39-4.29%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038545-3.42%
  • kusamaKusama(KSM)$36.15-0.36%
  • bitcoin-goldBitcoin Gold(BTG)$17.46-0.18%
  • wavesWaves(WAVES)$2.783.91%
  • qtumQtum(QTUM)$2.63-3.35%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • sushiSushi(SUSHI)$1.29-4.47%
  • golemGolem(GLM)$0.245431-2.02%
  • yearn-financeyearn.finance(YFI)$7,425.11-3.02%
  • omisegoOMG Network(OMG)$1.46-2.79%
  • ontologyOntology(ONT)$0.214660-2.49%
  • digibyteDigiByte(DGB)$0.010585-4.72%
  • umaUMA(UMA)$2.081.38%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%