The team behind Blocktower Capital, including Thomas Klocanas, Steven Venino, and Winnie Lau, has established a new venture capital firm called Strobe. They plan to raise a second fund of $100 million after deploying their initial $150 million fund by the end of the year. Klocanas emphasized the importance of maintaining independence and a small structure while focusing solely on venture capital, without the distractions of other business aspects. Strobe has been patient and contrarian in its approach to venture investing, seeking companies likely to thrive in the long term rather than being swayed by current market narratives. The team aims to invest in projects driven by fundamental strength, listing companies like Morpho, Ethena, and Aptos among their recent interests. The timeline for the new fund's announcement is still uncertain, but Klocanas has hinted at upcoming investment announcements. Overall, Strobe looks to concentrate on backing founders deeply engaged in problem-solving within the crypto space.

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