Alliance Co-Founder Imran Khan: Crypto VCs May Join Frontier Tech After 1–2 Cycles

Alliance co-founder Imran Khan said a recent LP dinner included a discussion about whether crypto venture capital firms are still needed. According to Foresight News, participants generally agreed they are, but perhaps for only one or two more cycles, after which crypto may become fully integrated into the broader frontier technology market. Khan described this as a positive sign of the industry’s maturation, saying the wider technology market has validated the value created by crypto. From a fund perspective, Khan said the range of crypto-only opportunities has narrowed since 2020, making it difficult for large funds to generate scalable returns through crypto alone. Expanding into areas such as robotics and physical AI is therefore a logical step. While younger technology talent is moving toward AI and robotics, Alliance data show that more existing crypto talent is leaving large companies to start independent ventures. LPs are not bearish on crypto, Khan said, but see long-term opportunities in its convergence with newer fields.