According to Bloomberg citing informed sources, Michael Gilroy, former fintech director of cryptocurrency friendly investment firm CoatueManagement, is co founding a new venture capital firm. Gilroy is collaborating with technology investor and current board member of cryptocurrency exchange Coinbase, Gokul Rajaram, to raise up to $500 million for the company's first fund. The two are discussing fundraising with anchor investors, but fundraising will not officially begin until 2025. Although Gilroy and Rajaram have not yet named their new company, Bloomberg's report states that the company will focus on investing in early-stage fintech and software companies in the United States. @rtfgdcd