Bart Stephens co-founded one of the earliest dedicated blockchain VC firms and personally led Blockchain Capital's move to tokenize one of its own venture funds, describing it as using blockchain technology to disrupt ourselves and democratize access to venture capital by turning a traditionally illiquid LP interest into a tradable security token. He's known for telling founders that for 90% of ideas, blockchain is not a good application and pushes entrepreneurs to use blockchains only where tamper-resistance and decentralization truly matter, giving him a reputation as a domain-expert filter rather than a hype-driven crypto investor. Bart Stephens co-founded one of the earliest dedicated blockchain VC firms and personally led Blockchain Capital's move to tokenize one of its own venture funds, describing it as using blockchain technology to disrupt ourselves and democratize access to venture capital by turning a traditionally illiquid LP interest into a tradable security token. He's known for telling founders that for 90% of ideas, blockchain is not a good application and pushes entrepreneurs to use blockchains only where tamper-resistance and decentralization truly matter, giving him a reputation as a domain-expert filter rather than a hype-driven crypto investor.