2 years ago
Noted task superior steadfast Bain Capital launched a $560 cardinal crypto-specific fund earlier this month. The quality broke connected International Women’s Day, and Bain earned immoderate online backlash for a photograph of the all-male Bain Capital Crypto (BCC) team.
Those demographics changed connected Tuesday with the announcement that Lydia Hylton is joining the squad arsenic a partner.
“I’ve gotten to cognize the BCC squad implicit the past fewer months and person been blown distant by their culture, intelligence rigor and concern judgment. We’ve pontificated astatine magnitude astir protocol defensibility, reflexivity, and worth accrual successful the infrastructure stack. I’m excited to research immoderate of these topics moving with an exceptional team,” Hylton wrote successful an announcement post.
Hylton antecedently worked for Redpoint Ventures, a generalist VC steadfast that invests successful seed, aboriginal and growth-stage projects. She shared a byline connected the firm’s post announcing an concern successful crypto infrastructure steadfast Alchemy past October.
At Bain, Hylton wrote that she volition absorption connected decentralized concern (DeFi), user Web 3 and decentralized autonomous organizations (DAOs).
Bain Capital Ventures exec Stefan Cohen had posted the all-male squad photograph connected March 8, sparking a backlash. He aboriginal deleted the tweet and apologized, penning that the steadfast was “committed to hiring women, investing successful women-led projects, and being a driving unit successful the manufacture for sponsoring the creativity and genius of women, non-binary radical and radical of color.”
Bain had followed Sequoia successful launching a crypto-specific money and was followed by a $250 cardinal superior committedness from Bessemer Venture Partners toward crypto projects.
The trifecta of money launches was wide seen arsenic a awesome that accepted concern firms are moving further into the astir $2 trillion cryptocurrency sector.
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