Those demographics changed on Tuesday with the announcement that Lydia Hylton is joining the team as a partner.
“I’ve gotten to know the BCC team over the last few months and have been blown away by their culture, intellectual rigor and investment judgment. We’ve pontificated at length about protocol defensibility, reflexivity and value accrual in the infrastructure stack. I’m excited to explore some of these topics working with an exceptional team,” Hylton wrote in an announcement post.
At Bain, Hylton wrote that she will focus on decentralized finance (DeFi), consumer Web 3 and decentralized autonomous organizations (DAO).
Bain Capital Ventures exec Stefan Cohen had posted the all-male team photo on March 8, sparking a backlash. He later deleted the tweet and apologized, writing that the firm was “committed to hiring women, investing in women-led projects and being a driving force in the industry for sponsoring the creativity and genius of women, non-binary people and people of color.”
The trifecta of fund launches was widely seen as a signal that traditional finance firms are moving further into the nearly $2 trillion cryptocurrency sector.
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