AngelList has revealed that the number of cryptocurrency-related job listings on its platform has doubled in the past three months.
Created in 2010, AngelList is a website for startups, angel investors, and job-seekers looking to work at startups. It started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startups to raise money from angel investors and allows investors to invite other accredited investors to share in the deals.
According to its weekly newsletter published last week, the number of new crypto-related jobs listed in December 2017, when bitcoin reached a peak of $20,000, was around 500. After bitcoin’s value sunk to below $7,000, the number surged to well over 1,000, and is climbing up to 1,250.
AngelList said that in addition to experienced engineers who’ve worked on cryptocurrency projects, talented engineers with an interest in blockchain technologies are also in high demand.
“There are also open positions needing to be filled in marketing, business development, operations, customer support, and other job functions that don’t require a technical background,” the company said. “Similar to any other high-growth startups, cryptocurrency companies need to hire at job functions across the entire organization, and fast.”
The company’s newsletter listed three crypto companies hiring in the field of “Decentralized Finance,” three in “Security Hardware,” and three in “Decentralized Internet.”
AngelList also mentions that initial coin offerings (ICO) were extremely popular last month, and that cryptocurrency hedge funds are set to take the place of traditional venture capital investors in this new investment model, citing MetaStable Capital, Polychain Capital and Coinbase as examples.
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