Arianna Simpson Launches Autonomous Partners VC Firm for Long-Term Blockchain Growth
Arianna Simpson, a prominent figure in the cryptocurrency industry, has launched Autonomous Partners, a venture capital firm focusing on long-term needs in the sector. Despite current uncertainties, Simpson remains optimistic about blockchain's future, attracting investments from notable figures like Steve Cohen and Brian Armstrong.
Simpson, who previously worked at Coinbase, secured funding for Autonomous Partners from high-profile investors. These include Brian Armstrong, CEO of Coinbase, David Sacks' Craft Ventures, and Steve Cohen's family office. The fund has raised low eight-digit funding, coinciding with a surge in blockchain-related use-cases across various sectors.
Autonomous Partners invests in areas crucial for blockchain's growth, such as accelerating transaction speed, improving crypto-infrastructure, enhancing user anonymity, and scaling blockchain technology. The fund has already invested in 0x, a decentralized transaction protocol on the Ethereum Blockchain. Simpson is also considering investments in large-cap cryptocurrencies like Bitcoin and Ethereum.
Simpson anticipates blockchain to be a long-term winner, despite skepticism from tech icons like Apple co-founder Steven Wozniak. However, she has concerns about XRP tokens due to potential SEC classification as securities and centralization issues. Ripple CEO Brad Garlinghouse has clarified that Ripple's ownership of XRP does not give them control over the cryptocurrency.
Autonomous Partners, led by Arianna Simpson, has secured significant funding from prominent investors. The firm's focus on long-term needs in the cryptocurrency industry and strategic investments position it well to navigate the sector's uncertainties and capitalize on its growth potential.
