By Bitcoin Revista - acum 1 an - Timp de citire: 5 minute
The Future Of Venture Capital Is Investing In Bitcoin-Only Companies
Among the plethora of investors in the crypto world, there is a niche that shares common visions and strategies. They are the Bitcoin-only venture capitalists.
“The smartest people in the world are working on Bitcoin, they’re not working on some other project,” Mike Jarmuz a spus Bitcoin Magazine. “They’re not working on altcoins or selling real estate in a metaverse fantasy land. Your medical records are not going onto some other thing masquerading as a blockchain. We view these as ridiculous and completely uninvestable ideas.”
Jarmuz este partenerul de conducere al unui fond de investiții numit Fulger Ventures, whose peculiarity is that it focuses its investments solely on companies that develop products and services on bitcoin and no other cryptocurrency.
“The 21st century digital economy is being built on Bitcoin-native companies,” added mcshane, a venture partner at Lightning Ventures and employee at BTC Inc, which operates Bitcoin Magazine. “We invest in best-in-class Bitcoin founders who deliver focused, and differentiated, value to humanity. We are determined to return a multiple to our investors through Bitcoin companies that strive to make a positive impact on the world.”
And Lightning Ventures is not alone, but rather part of a growing niche, that of Bitcoin-only venture capitalists (VCs).
Căderea fondurilor speculative cripto
Anul trecut, la apogeul pieței bull, cripto VC-urile au dominat titlurile, revărsând peste $ 33 de miliarde de into crypto/blockchain/Web3 projects and startups. This golden age was very short-lived, as this year's market crash also claimed illustrious victims in the world of hedge funds: one in particular was Trei săgeți capitale, care a intrat în incapacitate de plată în iunie anul trecut, după ce nu a putut rambursa un împrumut de peste 670 de milioane de dolari.
Astfel de câștiguri și prăbușiri bruște nu sunt foarte frecvente pentru un fond de capital de risc, care abordează în mod tradiţional investiţiile cu un orizont de timp de 10 ani, nu orizonturi de doar câteva luni. Când, totuși, pariul este în proiecte care emit jetoane din aer, în momentul în care acestea se apreciază pe valul de entuziasm, tentația de a transforma activitatea de investiții în speculații este foarte puternică - cu riscul de a se arde atunci când piețele își inversează. curs.
Preferință de timp redusă
The crypto hedge funds demonstrated the mentality of the short term — the opposite of that shared by VCs who believe in Bitcoin's long-term success, investing in those companies that, without issuing useless tokens invented on the spot, try to develop services that bring real value to the market.
“Early-stage Bitcoin startup or angel investing is definitely a low time preference choice,” Jarmuz specified. “Many ‘crypto’ projects choose to issue unlicensed, unregistered securities, in exchange for equity but you don’t end up with quality investors. What happens is that investors dump those ‘tokens’ or equity the minute they can. With our Lightning Ventures’ thesis and Bitcoin-only investments, we are committed for the life of the company and are not concerned with selling ‘tokens’ the moment we can. When we invest in a company, we back it and support it throughout its entire life cycle.”
Pe aceeași pagină se află Christopher Calicott of Trammell Venture Partners, sau TVP, care a spus că ideea finanțării proiectelor care atrag clienții prin generarea de token-uri nu este doar simptomatică a unei viziuni pe termen scurt, ci este și incompatibilă cu stimulentele tipice ale unui fond de capital de risc.
„Investiția în aceste jetoane, a spus Calicott, este o nealiniere fundamentală a interesului pentru a crește cu adevărat compania și a obține succesul maxim. Investitorii devin de fapt speculatori care încearcă să iasă din poziţia lor în cel mai bun timp.”
Moreover, while there used to be a feeling that it was difficult to build on Bitcoin — and so many moved to other cryptocurrencies — today things are changing:
"Bitcoin is becoming a platform and entrepreneurs are starting to realize that,” Calicott continued. “There’s blood in the streets being brought by the crypto industry, but despite this, there are now more entrepreneurs willing to build services on Bitcoin than ever before. We see ourselves as long-term investors. We are trying to make smart bets on companies that we think can usher a whole new global monetary order on a solid standard: Bitcoin. "
Depășirea unui sistem învechit
A new monetary standard, a global store of value, a peer-to-peer payment method that renders the big traditional players obsolete. Whichever way you look at it, Bitcoin offers a vision of the future that completely overturns the paradigms to which we are accustomed: the idea of inflation necessary for growth, that of macro-economic control by states and central banks, that of having to entrust the management of savings and digital payments to intermediaries.
Is the old way of seeing things compatible with the Bitcoin future? According to Site-ul web al Ego Death Capital, nu este.
„Pentru ca un nou sistem să prospere, să aducă abundență, oportunitate și accesibilitate, vechiul sistem trebuie să se autodistrugă”, conform site-ului web al companiei VC, al cărei CEO este Jeff Booth, autorul cărții „Prețul de mâine”. „Pentru ca acest lucru să se întâmple, va fi nevoie de o fază de „predare de sine și tranziție”.
Confirmarea vederii sunt Nico Lechuga și Andi Pitt, ambii parteneri generali la Ego Death.
"The traditional system is already self destructing," they explained. “Banking systems fail billions of people around the world — it is very evident in emerging markets but even in Western countries. Meanwhile, the Visa and Mastercard duopoly holds back innovation and opportunity so as competition arises — including through the Lightning Network, providing very fast and low-cost transactions — they are already in the process of self-destructing.”
Rețeaua Lightning este, de asemenea, văzută ca un schimbător de jocuri pentru plăți Oleg Mikhalsky of Fulgur Ventures, deoarece, după cum a spus el, „decontarea aproape instantanee cu un risc de contrapartidă foarte limitat este o caracteristică a Lightning care este bine poziționată pentru a reduce cheltuielile generale de plată tradiționale și pentru a reduce riscul de contraparte existent în liniile fiat.”
"For the digital economy to grow,” added Mikhalsky, “we need a native digital currency that has two features: velocity and the ability to make micro-transactions. We believe Bitcoin and Lightning will become the global monetary and payment standards. Some aspects of the Lightning Network adoption spectrum are yet to be explored: we see some adoption in video games, digital content monetisation, but there are other use cases such as machine-to-machine payments and micro-transactions for energy."
More And More Bitcoin-Only Startups
Contrary to what one might think, in a year when the market collapsed dramatically, the world of Bitcoin-only startups has experienced very indicative growth. As confirmed by all VCs surveyed for this article, the number of companies focused exclusively on Bitcoin has grown significantly over the past year. It is plausible to think that when the Pandora's box of the crypto world was discovered, at that point, entrepreneurs realized that it was wiser to focus on the one technology whose fundamentals have never stopped strengthening since the beginning.
Julian Liniger, CEO al releu — a Swiss startup which allows users to buy and sell bitcoin in a non-custodial way — emphasized that future growth.
“In the long run, it is less risky to invest in Bitcoin-only startups than in crypto startups: investors see Bitcoin-focused companies as more profitable and a more sustainable business model,” he explained. “With Bitcoin-only VCs, we are 100% aligned. They see the future in 10 years, they understand where we are going, they understand that all the experiments that are happening on other blockchains will end up on Bitcoin. "
Aceasta este o postare invitată de Federico Rivi. Opiniile exprimate sunt în întregime proprii și nu reflectă neapărat cele ale BTC Inc sau Bitcoin Revistă.
Sursă originală: Bitcoin Revistă