Brock Pierce is an entrepreneur, famously renowned for plying his trade in cryptocurrency. He started as a child actor, performing lead roles in 3 Disney movies between 1992 and 1996. He was born on 14th November 1980.
At 17, Pierce stopped acting and partnered with Chad Schackley and Marc Collins-Rector to create Digital Entertainment Network which generated over $85 million in working funds. The objective of the DEN was to create and broadcast premium video content before the large employ of the world wide web. The first show he produced at DEN was called Chad’s World, which was a show for homosexual teens.
In 1999, all partners of the corporation were in lawsuits for sexual assault allegations which led to their immediate step-down and the subsequent collapse of the organization. Brock reportedly paid $21,000 in settlement fees for one of the lawsuits while the remaining charges were withdrawn. Despite the attempts of Greg Carpenter to save DEN, the firm opted for bankruptcy and stopped operations in 2000.
A year after the collapse of DEN, Brock founded the Internet Gaming Entertainment (IGE). To ensure a near-monopoly at the time, IGE spent over $20 million, purchasing over 5 smaller contenders. In 2006, the establishment faced a class-action lawsuit and failed. Making Brock abandon yet another business venture.
In 2013, Brock joined the Stephens brothers, Bart and Bradford, in setting up Blockchain Capital which raised nearly $100 million in working investments after 4 years. As the managing partner, Brock introduced a $50 million digital currency named EOS. This new currency raised well over $600 million and was the hottest thing for crypto traders in 2017.
Brock was elected as the Director of the Bitcoin Foundation in 2014. The appointment led to a rift within the foundation, with many of its members leaving, owing to concerns from other directors, and the rape allegations made in 1999. The Firm declared bankruptcy 13 months later.
Regardless of the controversy surrounding him, Brock Pierce has raised billions of dollars for establishments he believes in. His major focus is on Puerto Rico, with him using his position as a member of the board of Integro Foundation to help communal and cultural conservation.
In 2014, Mt. Gox crypto exchange platform was hacked, leaving many investors indebted and disgruntled. In February 2019, Brock announced that the project was going to be restarted in 2020, while making efforts to reimburse investors of their lost money. Due to the COVID-19 pandemic, the project restart has been halted and it is the hope of many investors who were burned 6 years ago that Brock Pierce makes good on his word.
Brock is one of the richest men in the world, with his estimated net worth somewhere around $900 million.
Nov 14th, 1980
Minnesota, United States
University of Southern Carolina, film - drop-out
Integro Foundation - Founder & Chairman
Percival Ventures - Founder & Managing Member
Block.one - Co-Founder & Strategic Advisor - 2017 – 2018
Blockchain Capital - Co-Founder - 2013 – 2017