Winklevoss Capital Management

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Winklevoss Capital
Private
IndustryVenture Capital
Founded2012
FoundersTyler Winklevoss and Cameron Winklevoss
Headquarters,
United States
Key people
Sterling Witzke, Partner
WebsiteWinklevossCapital.com

Winklevoss Capital is a family office founded in 2012 by Tyler Winklevoss and Cameron Winklevoss.[1] The firm invests across multiple asset classes with an emphasis on providing seed funding and infrastructure to early-stage startups.[2] The company is headquartered in New York’s Flatiron District.[2]

Cryptocurrencies[edit]

The Winklevoss twins

On April 11, 2012, Tyler Winklevoss and Cameron Winklevoss revealed ownership of approximately 1% of bitcoins in circulation, worth about $11 million,[3] via Winklevoss Capital.[4] The brothers began buying bitcoin when the value of a single coin was in the single digits.[4]

On July 1, 2013, Digital Asset Services, LLC (wholly owned by Winklevoss Capital) filed a Form S-1 with the U.S. Securities and Exchange Commission to create the Winklevoss Bitcoin Trust, an exchange-traded fund for bitcoin.[5][6]

In 2013, Winklevoss also lead a funding round for BitInstant, a bitcoin exchange start-up based in New York City. Winklevoss Capital, along with other investors, raised $1.5 million in seed funding to help BitInstant increase its staff and scale up its product.[3]

In 2019 Winklevoss participated in a $3.5 million seed round in Bitski. Investors included Galaxy Digital, Winklevoss Capital, Kindred Ventures, Coinbase, SV Angel, Animoca Brands, Signia Ventures, and Bobby Goodlatte.[7]

Medical cannabis[edit]

In 2017, Winklevoss was expected to buy up to $500,000 worth of shares in Eaze, a cannabis delivery startup. After a new Eaze CEO was named, the firm backed out of the deal and in May 2016 was sued in Delaware court for reneging on the deal. Winklevoss is also an investor in Eaze and participated in its series B financing round in 2016.[8][9]

References[edit]

  1. ^ Thompson, Cadie (27 April 2012). "The Cloud Is Going to Be Huge: Winklevoss Twins". CNBC. Retrieved 23 July 2013.
  2. ^ a b McKinley, Jesse (23 March 2013). "Finding Their Next Facebook". New York Times. Retrieved 23 July 2013.
  3. ^ a b Taylor, Colleen (May 17, 2013). "With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins". Tech Crunch. Retrieved 17 January 2018.
  4. ^ a b Popper, Nathaniel (11 April 2013). "Never Mind Facebook; Winklevoss Twins Rule in Digital Money". New York Times. Retrieved 23 July 2013.
  5. ^ Popper, Nathaniel (1 July 2013). "Winklevoss Twins Plan First Fund for Bitcoins". New York Times. Retrieved 23 July 2013.
  6. ^ Abdel-Qader, Aziz (December 20, 2017). "The Race for First Bitcoin ETF Heats Up Again, ICE Files Application with SEC". Finance Magnates. Retrieved 17 January 2018.
  7. ^ https://www.blockchaingamer.biz/news/13252/crypto-wallet-bitski-3-5-million-seed-funding-coinbase-winklevoss
  8. ^ Noto, Anthony (June 21, 2017). "Winklevoss brothers get sued for backing out of medical cannabis deal". New York Business Journal. Retrieved 17 January 2018.
  9. ^ Siegler, Mara (June 19, 2017). "Winklevoss pot deal goes up in smoke". Page Six. Retrieved 17 January 2018.