YGC Launched to Help Startups in Crypto Bear Market

YGC Launched to Help Startups in Crypto Bear Market

Blockchain pioneer David Johnston and a group of industry leaders have launched the Yeoman’s Growth Capital (YGC) as an effort to drive funds to startups that are stuck due to the current bear crypto market and the noise surrounding it.

The YGC fund is seeking to raise up to $200 million to invest in projects from prototypes or finished products to scaling and marketing it. “We help great companies scale,” says the website.

“Blockchain is at a key adoption point,” the company states on the website too. “YGC takes blockchain companies that are ready for commercialisation, and brings them to enterprise, industry, and consumers.”

However, “today’s crypto funds are limited to trading, token picking, or indexing. They are not well positioned to seize later-stage growth opportunities.” YGC was created to offer an alternative solution.

“It is a good time to launch this because we are focused on growth and adoption and in these bear market conditions people see the very pressing need for traction,” said fund’s managing partners is Henry Liu. “Something we have been preaching for the past couple of years.”

David Johnston is the managing director, an early contributor to the blockchain ecosystem since 2012. YGC is supported by three managing partners, Henry Liu, Gaving Gillas, and Mark Thorsen. Also backed by Blockchain entrepreneurs Jonathan Mohan, Trevor Koverko, and Vinny Lingham.

The fund will have offices in three continents, Austin, Texas, in the United States, Switzerland in Europe, and Hong Kong in Asia.

It is a good initiative as most of the funds created in the last years were focused on picking tokens or building indexes. So, the bear market in cryptocurrencies has reduced their net assets value by around 75%.

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