[Former Coatue Management executives co-founded a new venture capital firm to raise $500 million in funds] Golden Finance reported that Michael Gilroy, the former head of financial technology at cryptocurrency-friendly investment firm Coatue Management, is co-founding a new venture capital firm, according to Bloomberg, citing people familiar with the matter. Gilroy is working with technology investor and current board member of cryptocurrency exchange Coinbase Gokul Rajaram to raise up to $500 million for the company's first fund. The two are discussing fundraising with anchor investors, but fundraising will not officially begin until 2025. Although Gilroy and Rajaram have not yet named their new company, Bloomberg reported that the company will focus on investing in early-stage fintech and software companies in the United States.