Sramana Mitra: What about infrastructure in the developing world? Brock Pierce: Access to capital is one of the main challenges that governments have around the world. They have to use their balance sheets to basically sign guarantees. With those guarantees, there are people who will lend to the groups that are building the infrastructure on
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Waikit Lau was recorded in June 2018. Waikit Lau, investor and serial entrepreneur, has a refreshingly open attitude towards investing in very early stage companies. Wonderful conversation. Sramana Mitra: Tell us a
Sramana Mitra: Let’s double-click down on each of those categories. Give us some examples of ventures that you have invested in that particularly stand out as great examples of leveraging Blockchain to address one or the other of your two categories. Brock Pierce: I started Blockchain Capital back in 2013. It was the first venture
Sramana Mitra: Let me do a thought experiment with you on this one. If this particular concept came to you from a domain expert, but it wasn’t Scott or somebody who had a track record of building a company but was a military veteran, would you still invest? Kelly Perdew: There are way more people
Sramana Mitra: Given that is your high level hypothesis, where are the investment opportunities for venture investment that you are particularly excited about? Brock Pierce: We’re about 10 years in where the internet was in the mid to late 90’s. Keep in mind that internet wasn’t useful until you had a sufficient amount of infrastructure.
Sramana Mitra: What is the metric that you look for? Kelly Perdew: We publish that we like to see companies that have $50,000 to $100,000 of monthly recurring revenue which translates into $600,000 to $1.2 million in ARR. The companies that we’ve invested in have been at $1 million and growing. That’s the rule. There
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Brock Pierce was recorded in September 2018. Brock Pierce, Co-Founder of Blockchain Capital, discusses his worldview of the Blockchain investment opportunity. Brock is one of the pioneers of investing in Blockchain companies.
Sramana Mitra: Let’s do a couple of things next. I’d like to understand what are you really proud of in your portfolio. What’s really scaling? What’s looking really interesting? As you explain to us some of these case studies, give us some insights into your thinking in making the decision to invest in these companies