Crypto VC Firm Inflection Launches $40M Fund to Build ‘Open Economy’

Crypto VC Firm Inflection Launches M Fund to Build ‘Open Economy’
Early-stage venture firm Inflection has launched a new $40 million Mercury Fund to invest in companies building the “open economy.”Inflection’s investment thesis is that “stakeholder-owned software networks will compose an alternative economy, which is vastly automated, transparent and accessible for everyone with an internet connection.” The firm calls this the “open economy.” Others in the VC space have called it the “ownership economy.”Whatever the name, the thesis dovetails nicely with the rising tide of Web 3, which has seen a flood of investment from venture capital firms new and old.Alexander Lange, general partner and founder of Inflection, told CoinDesk in…