Blockchain Angels & UK Business Angels Association Oct 16
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Blockchain Angels hosts a investment masterclass and pitch session in conjunction with UK Business Angels Association and EY.
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Blockchain Angels & UK Business Angels Association Oct 16
- 2. Agenda: UKBAA Introduction Investing Master Class |18:30 to 19:00 EY Startup Challenge Blockchain Program Introduction | 19:00 to 19:10 4 x Startup Pitch Sessions| 19:10 to 20:00 • Remitsy.com • Jaak.io • Loyyal.com • Agriledger.com • Blockverify.io Networking | 20:00 to 20:30
- 3. Jamie Burke Outlier Ventures + Blockchain Angels @jamie247 @blockchainangelsRise Wifi: Bar3Lay1
- 4. “blockchain will be to banking, law and accountancy as The Internet was to media, commerce and advertising” Vinod Khosla (Khosla Ventures) “I’m reasonably confident … that the blockchain will change a great deal of financial practice and exchange…40 years from now, blockchain and all that followed from it will figure more prominently in that story than will bitcoin.” Larry Summers, US Former Treasury Secretary “blockchains are the biggest innovation since the internet itself” Marc Andreessen (Andreessen, Horowitz) “blockchains will change everything” Goldman Sachs “blockchains – a revolutionary technology too important to ignore J.P. Morgan “open protocols and the blockchains that underlie them will be the driver of the next big wave of technology and that they will force big changes that will ultimately impact the global economy Fred Wilson (Union Square Ventures)
- 5. $1.1bn Silicon Seed (50 VCs & 30 Angels) Specialist Generalist
- 6. Web 1.0 Web 2.0 Web 3.0 Centralised, human mediated, rent seeking Decentralised Autonomous p2p
- 7. outlier ventures + outlier capital We invest in Europe’s 1st Web 3.0 (blockchain) venture platform & investment partnership #web3.0
- 8. What are ‘blockchains’? 1. Distributed Ledgers 2. Tokenization 3. Distribute Processing 4. Smart Contracts 5. Decentralised Autonomous Orgs
- 9. Shared Data & Asset Management Layer Automated / Collaborative Governance Decentralized Transaction Layer Decentralized Marketplaces • Secure data sharing • Asset Integrity & IP management • True p2p / m2m • Autonomous markets Key Values
- 11. What is the value they can bring? Provenance P2P Exchange Digital Trust Supply Chains Task Automation Distributed Database Auditability B2B Marketplaces Identity Paperless Security Transparency GovernanceRedundancyReduce Fraud Sharing Economy B2C Marketplaces M2M Liquidity Asset Integrity Back Office
- 12. 1.Trying to fixing legacy systems 2.Disrupting disruptors 3.Real innovation in emerging markets
- 13. Bitcoin Experiment BaaS ‘Open Ledger’ Standards MainstreamEarly Market Crossing the chasm Widening of use cases Use-case Crossover
- 14. Trough of disillusionment = Good 1. The DAO & others 2. Stop corp. brain drain 3. Consulting distraction 4. Reality sense check 5. Professionalisation 6. Learn on others money Post Peak UK
- 16. Most Excites Me 1. True P2P markets 2. Accelerator: Ability to securely scale macro trends 3. Combinator: allows macro trends to combine
- 17. Artificial Intelligence Internet of Things Autonomous Robotics Problem Decentralized shared data layer & marketplace for AI Secure data storage & transfer infrastructure connecting smart objects in an affordable way Transparent, auditable control & transaction system for robotic networks Augmented & Virtual Reality 3D Printing Secure content marketplace and infrastructure for a virtual economy Secure and auditable CAD-to-printer marketplace for IP management Siloed data with no economic incentive to share Centralised insecure & siloed data with limited m2m value exchange Limited mass coordination infrastructure No secure interoperable content channels No secure distribution channels blockchain potentialTechnology
- 18. Deal Activity
- 19. Fundraising Overview Coindesk tracking 138 VC-backed total BCA Tracker has 1,100 VC and non-VC backed Circle Series D @ $60m Ripple @ $55m Juzhen @ $23m The DAO @ $160m ICO
- 21. Market Insights
- 25. We invest in www.outlierventures.io/convergence-wp #web3.0 What’s in it for us? Download Whitepaper:
Editor's Notes
- Generally Early VCs from US filling gap specialist act ing as lead to Silicon although activity in Asia is hotting up About 50 VC firms & 30 tech angels Netscape web browser
- Centralised largely manual human-mediated Web of rent seeking ‘trust brokers’ Decentralised highly automated decentralised and truer p2p web not just for people, but machine to machine and autonomous entities
- Whats in it for us beyond intellectual kicks and bringing together our favourtie friends and thinkers 1st venture platform & fund dedicated specifically to Web 3.0 Bring together, vendors, startups, academia, corporates & investors We hope to co-invest with many of you here today making this reality happen
- A ledger to record assets & identity, and therefore transfer of ownership, which no one central party owns or controls All assets are values tied to unique digital tokens e.g. a Bitcoin (a long number) that can only be owned by one party at anyone time on the ledger. This ledger is secured by a network of processors, aka ‘miners’, who handle anonymized transactions in return for a small fee. They do so against pre-agreed consensus mechanisms such as ‘proof-of-stake’ or ‘proof-of-work’. All transactions are immutable. Smart contracts can be grouped into stateless or registered decentralised autonomous organisations
- We moving from Bitcoin early adopters; libertarian, academic to Commercial BaaS And open standards Needs re different
- Just looking at blockchain + 5 tech with most opportunity for blockchain, might be more IoT 3D + VR same thing
- A number of corporate venturing Cisco here is this building want 20% of startups target 20% of Barclays last batch were blockchain Expect to see more thatTaking VERY simple use cases. We had one
- We know of at least 200 Ethereum based POCs. We estimate 1/3 of are beyond POC and at MVP (minimum viable product), with varying levels of customer traction with modest professional funding. software or communications including mining companies, wallet, most infrastructure finance and insurance is more the payment processors, exchanges and trading The areas getting the most level of funding and progress, beyond Capital Markets, seem to be around provenance / chain of custody, governance (corporate, public and NGO), Health, Energy, Insurance and IoT.
- We know of at least 200 Ethereum based POCs. We estimate 1/3 of are beyond POC and at MVP The areas getting the most level of funding and progress, beyond Capital Markets, seem to be around provenance / chain of custody, governance (corporate, public and NGO), Health, Energy, Insurance and IoT.
- UK is home for blockchain fintech – Brexit When asked 28% said without HQ Statelessness or nascent But 4.7% Switzerland & Singapore