Evan Cheng’s New Venture Fund Attracts Notable General Partners
It is reported that the fund-raising documents show that Alex Shin, the co-founder of Hashed, and Sandeep Ramesh, a senior hedge fund investor, will join the n…
It is reported that the fund-raising documents show that Alex Shin, the co-founder of Hashed, and Sandeep Ramesh, a senior hedge fund investor, will join the new venture fund of Evan Cheng, the CEO of Mysten Labs, and Shin and Ramesh will join as general partners.
Hashed co-founder Alex Shin and senior investor Sandeep Ramesh will join the new fund of the CEO of Mysten Labs
Interpretation of the news:
Recently, it has been reported that the CEO of Mysten Labs, Evan Cheng, has managed to attract two notable faces to his new venture fund, namely Alex Shin and Sandeep Ramesh. They are set to join the fund’s team as General Partners to help Cheng in executing his vision.
This announcement is exciting news for the blockchain and cryptocurrency worlds, where venture fund launches and partnerships are becoming more common. It is also noteworthy because the new fund is being launched in a time when the blockchain technology is gaining more visibility and interest from both institutional and retail investors. This reflects the fact that blockchain and cryptocurrencies have become a promising area for investment.
Alex Shin, co-founder of Hashed, brings extensive experience in the investment and blockchain industries. He co-founded Hashed in 2018, and since then, the company has grown to become one of the leading blockchain-focused venture capital firms. Shin’s contribution to the new venture fund will be vital, considering his track record in investing in blockchain startups and his expertise in the industry.
Sandeep Ramesh, a seasoned hedge fund investor, brings years of experience to the new venture fund. He specializes in investing in technology unicorns and has also invested in blockchain companies. Ramesh is known to have an excellent eye for identifying and investing in valuable technology startups, which will be important for the success of the new venture fund.
The fact that two big names in the blockchain investment industry have joined this venture fund as General Partners gives the project a stamp of legitimacy. The move implies that Cheng’s latest project is serious in its approach, and it has already attracted significant interest from other investors.
In conclusion, the announcement of Alex Shin and Sandeep Ramesh joining Evan Cheng’s latest venture fund is a significant development in the blockchain and cryptocurrency investment world. Having two heavyweight industry experts as General Partners speaks to the potential success of the project, which is good news for blockchain startups seeking investment opportunities.
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