Larsen said the situation with Hannum didn’t affect investors’ attitude towards the funding round, and that ZenLedger had already secured ParaFi as a lead investor before Hannum’s misdeeds were made public.
In the world of crypto, where vast amounts of investment are pouring into young and scrappy teams building uncharted technology, it increasingly the VC firms who are investing heavily in research to sweeten their sell to early teams with plenty of offers on the table. On Thursday, venture firm Andreessen Horowitz announced that it was building out a dedicated crypto research team led by faculty from Columbia and Stanford.