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Volition Capital partner Larry Cheng. Photo: Volition Capital
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Volition Capital’s Larry Cheng Is Coming Around to Crypto; Bain’s Botched Announcement

Photo: Volition Capital partner Larry Cheng. Photo: Volition Capital

At this point, it feels like a new venture fund dedicated to crypto is launching every week. But not all investors are completely on board yet. 

Larry Cheng, a founding partner of 12-year-old Volition Capital and an early investor in pet company Chewy, told me he started out as a real skeptic about the crypto and Web3 sectors. But after spending the past year learning more, Cheng is coming around. 

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