Blockchain enthusiasts, listen up! 📣Nick Tomaino, the founder of cryptocurrency investment institution 1confirmation, recently revealed that the company has distributed its latest cash allocation to LPs. 🚀
The first fund launched in 2017 has distributed 5.13 times (net) cash to LPs, while the net DPI (ratio of distributable cash income to invested principal) of the second fund launched in 2019 is now 1.78. This is a pretty good result! 😮
It is worth mentioning that Nick Tomaino also said that although the VC culture in Silicon Valley is to keep performance confidential, he does not agree with this approach. He believes that performance can represent strength and these indicators must be made public. 💪
It seems that the development of the cryptocurrency market is still full of vitality, let us look forward to more good news! 🎉
The first fund launched in 2017 has distributed 5.13 times (net) cash to LPs, while the net DPI (ratio of distributable cash income to invested principal) of the second fund launched in 2019 is now 1.78. This is a pretty good result! 😮
It is worth mentioning that Nick Tomaino also said that although the VC culture in Silicon Valley is to keep performance confidential, he does not agree with this approach. He believes that performance can represent strength and these indicators must be made public. 💪
It seems that the development of the cryptocurrency market is still full of vitality, let us look forward to more good news! 🎉