By owning this BCAP token, do we get exposure to companies you've already invested in such as Coinbase & Kraken?
Or are we instead just getting exposure to new startups that you invest in going forward?
50% of the fund is reserved for follow-on opportunities - which means that if one of the companies in the funds I and II will be doing a follow-on financing round, the BCAP token fund can invest.
The other 50% of the fund will be used for new investments.