Latest news with #Lechuga
Axios
08-07-2025
- Business
- Axios
Exclusive: Ego Death Capital closes $100M fund for bitcoin companies
Ego Death Capital has closed a $100 million second fund to focus on scaling bitcoin-focused companies. Why it matters: Software companies building out the economy of the world's oldest cryptocurrency are achieving positive cash flow. What they're saying: "We're in bitcoin, investing in true companies ... that are solving real world problems," Nico Lechuga, one of the founding partners, tells Axios. Zoom in: Ego Death focuses on software companies building businesses that rely on the bitcoin protocol. The fund's typical target company has $1 million to $3 million in revenue, and its growth is constrained by its capital on hand. The fund is focused primarily on Series A rounds to scale companies that are working, with a small portion set aside for promising seed investments. Behind the scenes: The investors in the second fund are primarily family offices that are invested in bitcoin and are eager to see its economy built out. Lechuga said the space lacked a lead series A investor, so that's what Ego Death is looking to do. Catch up quick: The second fund has already made a few investments, including Roxom, a bitcoin-based exchange; Relai, a bitcoin saving tool; and Breez, a payments infrastructure built on the Lightning network. cash flow in BTC, which helps them outperform the underlying cryptocurrency.
Yahoo
18-03-2025
- Yahoo
2 men indicted on felony charges in Phoenix gas station murder
Two men have been indicted by a grand jury on multiple felony charges, including first-degree murder, in connection with the killing of a Phoenix gas station customer in February, the Maricopa County Attorney's Office announced Monday. Isaac Lechuga and Arturo Vazquez-Rodriguez, both 19 at the time, robbed someone at gunpoint at a QuikTrip near 25th Avenue and Camelback Road in the early morning of Feb. 21, with one performing the robbery while the other stayed in a truck as a lookout, according to law enforcement investigators. The two then drove to another QuikTrip near 27th Avenue and Thomas Road, where they shot Naul Hernandez, 55, while he was pumping gas, officials said. Police previously described the incident as a "botched robbery." Police later identified a truck, captured on surveillance video, that left the armed robbery scene just before the shooting. Detectives and the tactical unit located the truck and identified both the vehicle and its owners, police said. Crime and sentencings: Teen involved in 2 'Goons' attacks arrested again while turning himself in Police arrested and booked Lechuga and Vazquez-Rodriguez into jail later that day. A court document dated Feb. 27 states they were indicted on first-degree murder, armed robbery, conspiracy to commit armed robbery, kidnapping and aggravated assault charges. Vazquez-Rodriguez was being held on a $1 million cash-only bond, and Lechuga was being held on a $1 million secured appearance bond, according to the Maricopa County Attorney's Office. A cash-only bond requires the payment of the full amount; a secured appearance bond requires only 10% of the bond amount in cash, while the rest can be secured through personal assets. Their trial was scheduled for Oct. 30, though that date is likely to be pushed back due to the complexity of homicide cases. This article originally appeared on Arizona Republic: Men involved in Phoenix gas station murder indicted on felony charges
