Summary: BoostVC, the venture capital firm founded by Adam Draper, has focused solely on investing in Bitcoin companies since 2012. Now, they say, BoostVC will begin looking at expanding their investments into Ethereum-based startups as well.
Although many felt skeptical about Ethereum’s lofty goals as a platform — especially since the project took a long time to have anything to show for all of the time and money invested — Ethereum is now in production and there are companies and individual developers building on top of it. In fact, in the blog post by Brayton Williams (co-founder of BoostVC) that announced their interest in Ethereum, it was revealed that one of the major factors behind BoostVC’s decision to expand beyond Bitcoin was the use of Ethereum by some of the Bitcoin startups they had already invested in.
The announcement concluded with, “Bitcoin is still our first love and where the majority of our investments will continue to happen.”