{"id":171015,"date":"2021-02-05T01:30:00","date_gmt":"2021-02-04T22:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ll-cool-j-and-paul-tudor-jones-back-72m-crypto-fund\/"},"modified":"2021-02-05T01:30:00","modified_gmt":"2021-02-04T22:30:00","slug":"ll-cool-j-and-paul-tudor-jones-back-72m-crypto-fund","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ll-cool-j-and-paul-tudor-jones-back-72m-crypto-fund\/","title":{"rendered":"# LL Cool J and Paul Tudor Jones back $72M crypto fund"},"content":{"rendered":"<p>&#8220;<strong># LL Cool J and Paul Tudor Jones back $72M crypto fund <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvMzkwNDdjN2ItY2U1ZC00NjQzLWE1MDYtODg0OWIzMDkxNjQyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Several high-profile figures in finance and entertainment are reportedly backing a new venture capital crypto fund from former Digital Currency Group investor Travis Scher, Silver Lake Partners co-founder Glenn Hutchins, and his son James Hutchins.<\/p>\n<p>According to a report from Yahoo Finance, the crypto fund has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/money.yahoo.com\/north-island-ventures-crypto-vc-fund-billionaires-hutchins-ll-cool-j-142006008.html\" data-amp=\"https:\/\/money-yahoo-com.cdn.ampproject.org\/c\/s\/money.yahoo.com\/amphtml\/north-island-ventures-crypto-vc-fund-billionaires-hutchins-ll-cool-j-142006008.html\">raised<\/a> roughly $72 million from investors including Paul Tudor Jones, r<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>er and actor LL Cool J, and former PepsiCo CEO Indra Nooyi. The Hutchins father and son team along with Scher will manage the fund through the New York-based company North Island Ventures.<\/p>\n<p>&#8220;We believe that crypto offers solutions to some of the world&#8217;s most pressing problems, and our mission is to support the best entrepreneurs in the world bringing these solutions to life,&#8221;\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TravisScher\/status\/1357348684787195904\">said<\/a> Scher on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> regarding the fund. &#8220;We&#8217;re just getting started.&#8221;<\/p>\n<p>North Island has already reportedly already used the fund to invest in seven different firms in the crypto space, including Dapper Labs, the company behind the popular blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> Cryptokitties; Axelar, a project created by the founders of smart contract protocol Algorand; and Nori, a blockchain-based marketplace intended to fund projects working to reduce levels of carbon dioxide. Scher <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TravisScher\/status\/1357348687341490186\">said<\/a> others would be announced soon.<\/p>\n<p>Hutchins&#8217; Silver Lake Partners is also involved in the controversial stock trades surrounding retail investors from r\/Wallstreetbets and major hedge funds. According to a Reuters report, the investment firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-amc-ent-holdg-silver-lake\/silver-lake-cashes-out-on-amc-for-713-million-after-reddit-fueled-rally-idUSKBN29Z00E\" data-amp=\"https:\/\/mobile-reuters-com.cdn.ampproject.org\/c\/s\/mobile.reuters.com\/article\/amp\/idUSKBN29Z00E\">sold<\/a> its stake in AMC Entertainment stock last week, collecting roughly $713 million the same day the stock price reached a yearly high of $19.90. The price has since fallen to $7.02 at the time of publication.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ll-cool-j-and-paul-tudor-jones-back-72m-crypto-fund\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# LL Cool J and Paul Tudor Jones back $72M crypto fund &#8221; Several high-profile figures in finance and entertainment are reportedly backing a new venture capital crypto fund from former Digital Currency Group investor Travis Scher, Silver Lake Partners co-founder Glenn Hutchins, and his son James Hutchins. According to a report from Yahoo Finance,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":171016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvMzkwNDdjN2ItY2U1ZC00NjQzLWE1MDYtODg0OWIzMDkxNjQyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,117,73711,71745],"class_list":["post-171015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-business","tag-investments","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/171015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=171015"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/171015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/171016"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=171015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=171015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=171015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}