A West Coast venture capital firm has announced a new fund to support Web3 infrastructure. Its founder and managing partner believes strongly that the industry needs to improve on a number of fronts. Namely, pressing security issues and a serious lack of developers committed to building sustainable infrastructure. Can well-meaning sponsors address these chronic issues?
Dispersion Capital’s Initiative
Dispersion Capital, a backer of early-stage ventures based in San Francisco, has launched a $40 million fund to support foundational Web3 infrastructure. The firm has already invested in 20 companies, many of which have received subsequent funding since Dispersion’s initial investment. The fund said it seeks a ChatGPT-like “transformative moment” for blockchain.
Dispersion Capital’s fund has gained support from both the Web2 and Web3 worlds. Including Ripple, Faction Lightspeed, Wemade, Circle Ventures, Alchemy Ventures,…
