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AN INVESTORS VIEW ON BLOCKCHAIN

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Jamie Burke, as Europe's leading blockchain investor, discussses the opportunities and risks of building startups today and tomorrow. And explains how startups can navigate them to beat the pack.

Published in: Technology

AN INVESTORS VIEW ON BLOCKCHAIN

  1. 1. AN INVESTORS VIEW ON BLOCKCHAIN
  2. 2. Jamie Burke OutlierVentures.io + BlockchainAngels.eu @jamie247
  3. 3. Paradigm Shift 1. Next phase of The Web 2. Decentralises centralisation of Web 2.0 3. Outdated rentier / platform models 4. Collaborative economies at scale 5. Core function likely not business 6. Not about owning code its about creating markets
  4. 4. 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
  5. 5. 3 x Opportunities 1.Trying to fix legacy systems 2.Disrupting disruptors 3.Real innovation in emerging markets
  6. 6. Risks & Challenges 1. Timing. Being first not always best. 2. Tech Infrastructure Building Blocks 3. Scalability & Costs 4. Barriers to entry lower 5. Race to free (leaves with regulated services)
  7. 7. What I say to investors / startups 1. Even riskier than normal early stage 2. More than ever investing in people / teams 3. No idea is unique.. For long 4. Stealing advance in a general direction 5. Blockchain 10% practice 90% planning 6. Borrow more than you build
  8. 8. Outlier Venture Building
  9. 9. Bitcoin Experiment BaaS ‘Open Ledger’ Standards MainstreamEarly Market Crossing the chasm Widening of vertical use cases Use-case Crossover Aligned markets
  10. 10. Trough of disillusionment = Good 1. DAO & Split 2. Stop corp. brain drain 3. Consulting distraction 4. Sense check 5. Professionalisation 6. Learn on others money
  11. 11. 8 x Building Blocks 1. Bridges / Interoperability 2. Identity 3. Reputation 4. Clear Roles & Responsibilities 5. Usable Security 6. Governance 7. User Friendly Security 8. Stable Tokens of Exchange 9. Economically Viable Tokens of Exchange
  12. 12. Most Excites Me 1. True P2P markets 2. Accelerator: Ability to securely scale macro trends 3. Combinator: allows macro trends to combine
  13. 13. 1. AI 2. IoT 3. Drones 4. VR / AR 5. 3D Printing
  14. 14. Deal Activity
  15. 15. $1.1bn Silicon Seed (50 VCs & 30 Angels) Specialist Generalist
  16. 16. Driven by handfuls of deals
  17. 17. Q1 Blockchain VC Investment Overtakes Bitcoin
  18. 18. Enterprise Led Venturing Santander UBS Barclays Accenture IBM Citigroup & Visa Cisco
  19. 19. Fundraising Overview Coindesk tracking 138 VC-backed total BCA Tracker has 1,000 VC and non-VC backed Biggest deals in Q2 Circle Series D @ $60m Quione @ $16m Bit Flyer @ $27m Elliptic @ $5.0m Fluent @ 1.65m Mediachain @ 1.5m Tierion @ $1m If you exclude theDAO
  20. 20. ICO – Initial Coin Offering • ICO the new ‘pre seed’ • Unique to blockchain. Self funding mechanism • Still only 0.05% of global crowdfunding • Unclear regulatory position (SEC, tokens as securities) • Positioned as ‘future access to a network’ • Small pool of ‘buyers’ (Razormind: $1.9m from 290 individuals)
  21. 21. Market Insights
  22. 22. Economic Sector blockchainangels.eu/startups
  23. 23. Domain blockchainangels.eu/startups
  24. 24. Geography blockchainangels.eu/startups
  25. 25. Questions?

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