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Daily Crunch: ‘The bitcoin network is not a payments network,’ says FTX CEO Sam Bankman-Fried

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Scotts Miracle-Gro gets into the venture capital business with a $50 million fund, because it’s 2020

Scotts Miracle-Gro, the lawn care and fertilizer giant that has opened up a secondary business as a pioneer in cannabis and hemp cultivation, is launching a $50 million corporate venture capital fund

How to approach (and work with) the 3 types of corporate VCs

In this overview, we’ll discuss the types of CVCs, the best way to approach each type and the key things to keep in mind during initial discussions.

Colorcon, which develops colorants, coatings and films for pharmaceutical giants, has a new $50 million fund

Colorcon, a 58-year-old company that develops, supplies and supports specialty products for the pharmaceutical industry — think food colorants, nutritional coatings, the film on time-release med

Kellogg’s creates a new fund, 1894, to back food and related startups

Instead of two scoops, here’s one big one– the Kellogg Company is launching a corporate venture arm called Eighteen94 Capital (1894) to invest in food and food-related tech startups. The n