When Charlie Shrem was released from prison he was bombarded with hundreds of emails, according to the long-time entrepreneur and Bitcoin advocate. One, however, stood out. It began: “I am working on a private equity and portfolio management project on the blockchain.”
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“It’s like saying I’m working on world peace. It’s such a big idea,” said Shrem, 27.
The idea stemmed from Jason Granger, 38, a figure with experience commanding large teams in banking, real estate, construction, and private equity.
“I come from a world with strict guidelines,” said Granger, who is based in Grand Rapids, Michigan. “I worked for a year just to negotiate a joint venture agreement . . .There was a strict amount of legal governance, a strict amount of fiduciary responsibility and a strict amount of transparency.”
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The joint-venture partnership was with AIG and