News Feed Item
Pantera Capital Announces Venture With Benchmark, Fortress Investment Group and Ribbit Capital for Bitcoin Investments
|By Business Wire
|March 18, 2014 11:00 PM EDT
Pantera Capital Management LP (“Pantera”), an investment firm founded in
2003, announced today that the firm is focusing its investment advisory
services exclusively on Bitcoin, other digital currencies and companies
in the space.
The firm also announced today that Benchmark, Fortress Investment Group
and Ribbit Capital are acquiring an interest in Pantera Bitcoin Partners
LLC. These shareholders and their principals will generally make their
purchases of Bitcoin and other digital currencies via investments in
“Bitcoin is an entirely new thing – a ‘post-currency’ ledger – which has
the potential to transform the way we use money. We believe Bitcoin is
at an inflection point, making it the right time for a transition to
more institutional management,” said Dan Morehead, Pantera’s founder and
chief executive officer. “We are joining forces with three leading-edge
investment firms to drive this transition and bring seasoned financial
experience to this market.”
“We are in the business of helping nascent but potentially world
changing ideas take hold,” said Matt Cohler, general partner at
Benchmark. “By teaming up with Pantera, Fortress and Ribbit, we believe
we can help meaningfully support the growing Bitcoin ecosystem.”
“In our business, we closely follow developments in trading, exchanges
and global commerce, and we see potential for the broader adoption of
Bitcoin and related technologies to reshape the global payment space,”
said Mike Novogratz, Fortress principal and head of the company’s Liquid
Markets business. “This partnership brings together leading companies
with a range of relevant expertise, well-positioned to lead and
capitalize on a potentially transformative evolution.”
“Bitcoin stands to do for money what TCP/IP did for information,
drastically changing how people all over the world transact,” said Micky
Malka, founder and general partner at Ribbit Capital. “Ribbit is proud
to be partnering with Pantera, Benchmark and Fortress in investing
behind the growth of this powerful new network and technology.”
Until recently, Pantera Capital focused on global macro hedge fund
investments. The firm was founded by Dan Morehead, who was chief
financial officer and head of Macro Trading at Tiger Management.
Morehead also co-founded and was CEO of Atriax, an electronic foreign
exchange platform. He was also global head of FX Options at Deutsche
Bank in London and managed a global macro fund and derivatives trading
units in North America and Japan at Bankers Trust. He graduated magna
cum laude from Princeton University with a B.S. in Civil Engineering
and received the Carmichael Prize for an outstanding thesis.
About Pantera Capital
Pantera Capital is an investment firm focused exclusively on Bitcoin,
other digital currencies, and the companies in the space. The firm was
founded by Daniel W. Morehead in 2003 with a focus on global macro hedge
fund investments. Benchmark, Fortress Investment Group and Ribbit
Capital are shareholders of Pantera Bitcoin Partners LLC, a subsidiary
of Pantera Capital. For more information, visit www.panteracapital.com.
Benchmark’s mission is to back great entrepreneurs who are changing the
world. The firm is privileged to work alongside men and women who are
taking big ideas and transforming them into successful companies.
Benchmark investments include companies such as Grubhub, Instagram, New
Relic, Nextdoor, Snapchat, Twitter, Uber, Yelp, Zendesk, and Zillow.
Benchmark has offices in Woodside and San Francisco. For more
information, please visit www.benchmark.com.
Fortress Investment Group LLC is a leading, highly diversified global
investment firm with approximately $61.8 billion in assets under
management as of December 31, 2013. Founded in 1998, Fortress manages
assets on behalf of over 1,500 institutional clients and private
investors worldwide across a range of private equity, credit, liquid
hedge funds, and traditional asset management strategies. Fortress is
publicly traded on the New York Stock Exchange (NYSE:FIG). For
additional information, please visit www.fortress.com.
About Ribbit Capital
Ribbit Capital is a venture capital firm that invests globally in unique
individuals and brands who are aiming to disrupt financial services.
Headquartered in Palo Alto, Ribbit believes the category is profoundly
under-innovated and is looking to support entrepreneurs who have already
launched the businesses of the future. For more information, please
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not.
In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 26, 2016 08:45 PM EDT Reads: 2,138
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 26, 2016 08:45 PM EDT Reads: 3,365
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies.
In his session at @ThingsExpo, Da...
Sep. 26, 2016 08:30 PM EDT Reads: 1,586
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 26, 2016 08:00 PM EDT Reads: 2,871
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Sep. 26, 2016 07:30 PM EDT Reads: 300
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 26, 2016 05:15 PM EDT Reads: 1,587
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web.
As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
Sep. 26, 2016 05:15 PM EDT Reads: 2,594
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 26, 2016 05:00 PM EDT Reads: 2,721
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data.
In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Sep. 26, 2016 05:00 PM EDT Reads: 1,832
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy.
However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Sep. 26, 2016 04:30 PM EDT Reads: 2,114
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 26, 2016 04:30 PM EDT Reads: 1,619
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 26, 2016 04:15 PM EDT Reads: 1,031
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Sep. 26, 2016 04:00 PM EDT Reads: 2,531
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates.
In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Sep. 26, 2016 03:45 PM EDT Reads: 2,920
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 26, 2016 03:30 PM EDT Reads: 1,561