This article reports that Coinbase has opened a $15 million venture capital fund. President and COO Asiff Hirji said, “You may also see us invest in companies that ostensibly look competitive with Coinbase. We’re taking a long term view of the space, and we believe that multiple approaches are healthy and good.” I think this is a great way for Coinbase to invest back into young startups and reap benefits from potential disruptive forces in its own industry. While Coinbase is relatively new itself, it is never too early to begin taking steps to avoid falling prey to the innovators dilemma. The article notes “[t]he fund’s seed-stage investments, which will begin this week, will help companies and founders in the crypto and blockchain space get off the ground.” While many are suspicious of the crypto space, I am excited to see where it’s headed and am glad there are companies like Coinbase starting early-stage VC funds.