9/23/2023 0 Comments Parallels nft“One of the reasons invested in me,” Gordon-Sand said, “is because they actually don’t want to deal with holding these assets on their own balance sheets” due to the increased in-house and legal taxes that most family offices have. There he founded a venture syndication practice aimed at accredited investors who are curious about angel investing. ![]() ![]() Working in the startup and venture capital world for the past decade, Gordon-Sand eventually became partner at the VC firm Lofty Ventures. Gordon-Sand added that he’s seen an appetite for the venture angle of crypto-native companies - NFTs and decentralized autonomous organizations (DAOs) - from the institutional family office space, investors who may have difficulty finding avenues to deploy capital. “NFTs for me are the first really compelling thing outside of the core technologies of Ethereum and Bitcoin, where I’m seeing people build real companies and create real value,” distinct from other alternative cryptocurrencies or DeFi, he said. Institutions looking to increase their digital asset exposure are turning to NFTs, Gordon-Sand said, while most of the top funds, such as those from Grayscale or Galaxy, only offer exposure to ether or bitcoin. Now the 30 unique investors, hailing mostly from Chicago and the Midwestern US, have collectively put up $4.5 million, he said.Īnchoring the group is an investor pitching in a hefty percentage which, a source familiar with the deal told Blockworks, is likely the venture capital arm of the Chicago-based Pritzker Group. Spencer Ventures founder Spencer Gordon-Sand
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