Friday, October 22, 2021
Home News Silicon Valley's Boost VC to Invest in ICOs

Silicon Valley’s Boost VC to Invest in ICOs

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.

Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
- Advertisment -

Most Popular

Latest News