Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated.

At Faction, no entrepreneur will ever have to answer: “why crypto?” We are fully red-pilled.

We’re coming out of stealth & announcing the launch of Lightspeed Faction Fund I, a $285M early-stage venture fund dedicated exclusively to crypto https://t.co/oUiAh6t5Sp

— Faction (@FactionVC) November 9, 2023

Lightspeed Faction said it can provide founders access to “a team of experienced blockchain investors and operators,”…

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