Crypto’s New Trend? $10M Fund for SocialFi—It’s Not a Joke, Promise!
Hold on to your hats, folks, because Re7’s fund is a mere $10 million. Yes, you heard it right—$10 million, which is like a small change in the crypto universe. But don’t be fooled by the modesty. Re7 is here to make bold moves with high-conviction, early investments. Each startup will get a check that’ll range from $100,000 to $300,000, with extra reserves to keep the ball rolling. And here’s the kicker: no fancy fee-driven nonsense. They plan to be fast, disciplined, and not get distracted by the shiny, fee-driven incentives that others love to chase. Leyritz calls this a “scout vehicle” for early-stage investments, not some traditional asset-under-management drama. If they’re right, and the thesis actually works (I know, a huge “if”), Re7 might just go for a bigger follow-up vehicle. 🚗💨