The newly
combined unit, called Dell Technologies
Capital, will operate along similar lines to EMC's venture capital operation, investing average sums of $ 3 million to $ 10 million in both early - and late - stage startups from the parent's $ 118.2 billion balance sheet, the compan
Capital, will operate along similar lines to EMC's
venture capital operation, investing average sums of $ 3 million to $ 10 million in both early - and late - stage startups from the parent's $ 118.2 billion balance sheet, the compan
capital operation,
investing average sums of $ 3 million to $ 10 million in both early - and late - stage startups from the parent's $ 118.2 billion balance sheet, the company said.
Dell Technologies said on Monday it has
combined the
venture capital operations from its two predecessor companies, computer maker Dell Inc and data storage firm EMC, and said it plans to
invest about $ 100 million a year in startups.
Put in context, cryptocurrency and distributed ledger startups have raised a
combined $ 1.9 billion to date, meaning Coinbase now accounts for 10 % of all
venture capital invested in blockchain startups.