Silicon Valley’s Boost VC to Invest in ICOs

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In a recent blog post from Brayton Williams of Boost VC – he has announced that the San Mateo-based venture capital firm will start investing in Initial Coin Offerings (ICOs).

We are looking for talented developers looking to build the next protocols of the internet. We are looking for entrepreneurs building the future of decentralized companies. Something the truly drives our investment thesis is following developer communities. Although this is still an extremely nascent space, I believe as Chris Dixon of A16Z said “What the smartest people do on the weekend is what everyone else will do during the week in ten years,” and I believe some of the smartest people in the world are working on blockchain technologies.

So we are looking for these people to tell us how they imagine the future and we want to provide early funding and resources to help them achieve it. A few things we are especially interested in are:

– Low level protocol stack to help build out decentralized internet which Coinbase founder Fred Ehrsam wrote about here

– Stable coins

– Tools to help run DAOs and OSS projects

– Governance models

Boost VC has invested in more than 180 companies and being deeply involved in Blockchain technology for over 4 years and they feel they are uniquely qualified in supporting this emerging token ecosystem. They plan to provide:

– Funding— ($25–100k) to give runway to build out product before doing a token sale (we have been fearful of those who do a token sale with no code to show).

– Network — For over 4 years we have built out a blockchain specific network with over 100 blockchain founders in our portfolio, over 100 co-investors in our companies, and a number of corporates, developers and enthusiasts.

– Knowledge/Strategy —We have learned a lot in our 4 years working with blockchain companies and have seen what works and does not.

– Housing/Office Space — Although most decentralized projects usually also comprise of decentralized teams we think there is something to be said about working side by side in the early days of a project. Therefore we provide a place in Silicon Valley to live and work to focus on building.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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