BlockBeats news, on November 23, according to Bloomberg citing informed sources, Michael Gilroy, former fintech chief of cryptocurrency-friendly investment firm Coatue Management, is co-founding a new venture capital firm with current Coinbase board member Gokul Rajaram, seeking to raise $500 million for the firm's first fund. The two are in discussions with cornerstone investors regarding the financing, but the fundraising won't officially begin until 2025. Although Michael Gilroy has not yet disclosed the name of the new venture capital firm, it will focus on investing in early-stage fintech and software companies in the U.S.