‘Shark Tank’ entrepreneur launches $3M crypto fund in North Carolina

‘Shark Tank’ entrepreneur launches M crypto fund in North Carolina

CHARLOTTE — A brand new micro fund is being launched within the Triangle — and it’s concentrating on crypto, blockchain and different applied sciences some assume will energy the following section of the web.The brand new agency, dubbed Layer 1 Ventures, focuses on startups in what’s referred to as the “Web3″ — a decentralized idea the place the web can be powered by blockchain know-how and never main firms.[ ALSO READ: Local startup lands $500K investment on ‘Shark Tank’ ]It’s the brainchild of serial entrepreneur Ryan Bethencourt.Bethencourt is a Triangle transplant, having just lately moved to the area alongside along with his firms, together with Wild Earth, a vegan pet food firm that made it to “Shark Tank.” Bethencourt and his spouse, Mariliis Holm, selected the Triangle for his or her earlier micro fund, Sustainable Meals Ventures. The agency, which invests in meals startups, has been a giant success, Bethencourt mentioned.Learn extra right here.(WATCH BELOW: Free program helps entrepreneurs get began with new enterprise)Free program helps entrepreneurs get began with new enterprise ©2022 Cox Media Group

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