Boost VC, an investor in more than 180 companies deeply involved in blockchain technology for over 4 years, has announced its intention to invest directly into ICOs.
Brayton Williams, a co-founder at Boost VC, unveils how the company was developing. In 2012, his partner Adam Draper was the first investor in Coinbase. In 2013, Boost VC became the first institutional investor to see the potential of the cryptocurrency and start investing in Bitcoin companies. Next year, Williams participated in the Ethereum crowdsale as all the accelerator companies in Tribe 4 were doing it. However, this was time when Boost VC team was still not sure there would be more than Bitcoin.
In 2015, the company took a closer look at the blockchain and did more than 50 investments in Bitcoin/blockchain startups. Last year, Boost VC demonstrated interest in Ethereum. As a venture capital fund, it faced a problem that there were Ethereum projects, not startups.
Clear understanding of emerging trend to use tokens to own value of various protocols plus meeting the right person, Olaf Carlson-Wee, founder of Polychain, a cryptocurrency hedge fund, resulted in Boost VC becoming one of the first investors in Polychain.
In 2017, the company continues adding fuel to the fire that is tokens and cryptocurrencies. Williams says: “Our goal at Boost VC is to fund and accelerate cryptocurrency and blockchain founders, we are not trying to fight this new trend, we are ready to play our role.”
What the company is looking for now is talented developers looking to build the next protocols of the internet and entrepreneurs building the future of decentralized companies. Williams cites Chris Dixon of A16Z who said “What the smartest people do on the weekend is what everyone else will do during the week in ten years”. He truly believes that some of the smartest people in the world are working on blockchain technologies.
Boost VC is looking forward to investing in people who have a clear vision of future and ways to achieve it. The company is particularly interest in:
- Low level protocol stack to help build out decentralized internet
- Stable coins
- Tools to help run DAOs and OSS projects
- Governance models
Boost VC is already backing one project of this type, the decentralized app to run Blockchain organizations. Creators of Aragon say about their project: “Aragon is everything you need to run your company on Ethereum. Cap table, governance, fundraising, payroll, accounting, bylaws. Aragon companies are extremely customizable, and you get everything in a unified, beautiful interface.”
Founders of Aragon have been working on their project for over 6 months now, have alpha testers of the real product, a slack community of over 1,000 and are planning to do their token sale tomorrow, on May 17th .