Events Add an event Speakers Talks Collections
 
Jackson Laskey
Co-Founder, CEO at Unbounded Enterprise
+ 3 speakers
  • Video
  • Table of contents
  • Video
CoinGeek London Conference 2020
February 21, 2020, London, UK
CoinGeek London Conference 2020
Request Q&A
CoinGeek London Conference 2020
From the conference
CoinGeek London Conference 2020
Request Q&A
Video
Bitcoin VCs find unbelievable potential in BSV space
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Add to favorites
1.43 K
I like 0
I dislike 0
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
  • Description
  • Transcript
  • Discussion

About the talk

Topic: FinTech

Some leading VC firms in the BSV space revealed why they invest in BSV projects exclusively, the criteria they use to evaluate projects and future projections

Subscribe to the CoinGeek channel to watch more CoinGeek videos on Bitcoin and blockchain. https://www.youtube.com/coingeek

⏰ Time Stamps ⏰

00:00 - Presentation

28:03 - Interview with Jackson Laskey

=========================================================================

Sign up for our newsletter to get CoinGeek get the latest cryptocurrency news and blockchain information! https://coingeek.com/

Interested in learning about Bitcoin and blockchain? Read our Bitcoin for Beginners section here: https://coingeek.com/bitcoin101/

If you have a Bitcoin SV Project idea, we’d like to know about it. Submit your Bitcoin investment idea so we can launch your business right away! https://coingeek.com/bitcoin-ventures/

Be part of the next CoinGeek Conference. Pre-register for CoinGeek New York now! https://coingeekconference.com/

==========================================================================

Get more information about Bitcoin SV today! https://bitcoinsv.com/

Buy BSV using your credit card. https://buybsv.com/

===========================================================================

#VentureCapitalists

#CoinGeekLondon

#Investment

00:30 Two Hop Ventures presentation

01:58 Unbounded capital presentation

05:25 Diversification doesn't play the safest way

About speakers

Jackson Laskey
Co-Founder, CEO at Unbounded Enterprise
Jimmy Nguyen
Founding President & Co-Founder at Bitcoin Association
Alex Fauvel
Founder and General Partner at Two Hop Ventures
Paul Rajchgod
Managing Director, Private Equity at Ayre Group

Jack Laskey is an investor, software developer, pianist/composer, and co-founder of poker education company Just Hands Poker. Jack's eclectic background and penchant for taking on new challenges has led him to the world of Bitcoin where he is now the CEO of Unbounded Enterprise, a company driving Bitcoin adoption and advancing Bitcoin technology through gaming, and a partner at Unbounded Capital, a BSV ecosystem fund.

View the profile

Jimmy Nguyen is one of the world’s top Bitcoin and blockchain advocates. He is a renowned public speaker, media commentator and global ambassador for Bitcoin SV. Jimmy joined nChain and then helped launch the Bitcoin Association after a 21-year career as an intellectual property and digital technology lawyer. He is a Certified Information Privacy Professional/U.S. In 2008, Lawdragon named him (at only age 36) one of the “500 Leading Lawyers in America” and described him as a “dynamo talent.” He has also been recognized by the Century City Bar Association as “Intellectual Property Lawyer of the Year” (2011), and by the Association of Media & Entertainment Counsel with its Industry Leader Award (2017). For his diverse leadership, Jimmy has been named a “Top 100 Under 50 Diverse Executive Leader” (2015) by Diversity MBA magazine and was inducted into California Minority Counsel Program’s Diversity Hall of Fame (2015).

View the profile

Founder and General Partner of Two Hop Ventures, a Dutch BitcoinSV focused venture capital fund, Alex Fauvel has a keen interest in the underlying technology of Bitcoin. Two Hop Ventures’ first investment, Pixel Wallet, highlighted the issue of technical complexity and specialities required to build the best solutions possible within the information data handling domain. With a background in Mechanical Engineering, Alex understands the importance of the development of technical standards in the growth of an industry. He is a member of the Bitcoin SV Technical Standards Committee and know that the Committee will be able to assist parties in developing robust standards that allow companies to interoperate seamlessly across all types of industries

View the profile

Paul is the Managing Director of Private Equity at Ayre Group, working on investments into companies building on the Bitcoin SV blockchain. Prior to that, Paul was an investment banker, working with technology companies on private financings, IPOs, and M&A transactions.

View the profile
Share

Since we're all about the same height, I think we're going to call ourselves the right size boy's the right size, the new boy band. All right, well Paul you gave a presentation yesterday. So people are familiar with you and what are group investment. So I'm going to ask you to where I had two other panelists. Introduce your investment groups in Mentor funds to the audience. Great. So I my name is Alex about I represent to help benches we really stand for being a trusted. A party in the space, we are leveraging our expert knowledge and

experience team that comes from more traditional background to make sure that we do things properly and invest in the people that we believed. It can actually interact Satoshi Vision in your fun. So unlike Paul who represents a private investor is a regulated investment fund right there for the ring investment, from other people and a managing it under a regulated structure in the Netherlands regulated by the AFM. We have chosen the Netherlands because it's one of the top places in Europe to set up any kind of management fund we

We only invest Fiat into the PS3 startups, isolates them from what Mark is doing so that they can continue to operate. No matter what happens to the price as a regulated entity, we can only touch Fiat. We can't use Bitcoin to invest in startups which Okay, I don't know. Make sure he's on Jackson. I get hit twice. Klasky, I'm a principal and unbounded, capital. We are a venture hedge hybrid investing solely in the bsp ecosystem and to be perfectly honest, I

should not be here. None of us should be here on this stage. It should be Andreessen Horowitz, it should be Union Square Ventures, but it's not. They dropped the ball and investors have dropped the ball into space for a long time. If you've been at this conference the last two days, you know what I'm talking about and and I'm down at Capitol, we don't want to let them pick the ball back up. I think a lot of people have called Bitcoin SV, an intelligence test and I think there's an element of Truth there but Sammy

bsv is really a values test. And I spent the last week at Cambrian SV where, I think this was demonstrated to a really extreme degree. And what what are those values? I think, you know, value is the key word here. We're about building value, building things that are sustainable and I actually don't think it's an accident that the VC's, I mentioned Ark on the stage because I don't think that's always At the Forefront to say the least. And so we are here to support the amazing businesses. They're using this technology we look forward to growing as an industry grows and I thank you Jimmy.

I thank you Craig. I think you Calvin for the opportunity to speak here and I think everyone here for building this amazing industry that we are extremely happy to be a foundational part of It is a bold choice for both of your funds especially since they don't have the freedom of Paul with a single private investor funder managing other people's money to decide. You will only invest in Bitcoin SV Ventures. Why did you make that choice? So I actually joined the Bitcoin ecosystem in 2013. I was Nancy have, but I got into the actual employment in the space. As a

finalist for a cryptocurrency hedge fund managers over a hundred different cryptocurrency on it that I was the only analyst so it was my Prime job to find out what value any of these things actually have my conclusion was that none of them have any value at all, except for what's Itachi felt So so my recommendation to my employer was too if I could sell all of them and we think that investment strategy, they did not agree. So I left and started my own fun,

one of the benefits of being in Bitcoin. Is that you don't necessarily depend on your employer anymore for quite keeps on going up. So I was able to do, I depart tonight company and do what I feel a relief was, right? And I think the most important thing to recognize here is that people think that the diversification plays the safest play, but it's not the safest play is knowing what you're investing in. I never invest in things that I don't understand. And it took me about a year to buy my first Bitcoin

because I didn't feel comfortable knowing what it was going to do. And If you only understand, if you don't invest in things that you understand, you mitigate a number of different areas to the success of those startups. I saw that. Keith investment philosophy. We only invest in people that we trust to an apps, what they can correctly. Explain. Jack. What about you? What did your fund make the decision? Cuz I know you pivoted, right? Decision and you called it a, bold choice. I think it's more or less the opposite of

a lot of people in Bitcoin, like to talk about how long they've been in the industry. I had to brag that I've only been here since 2018, and when we got into the space it was because we realized that other investors. Just by the way they were talking about things they couldn't possibly be approaching the problem correctly. And so we took a very sort of open-ended approach How can we make money as investors in the crypto space? And I think if I time it could have been a little different or somehow we hadn't found between SP, we would have just packed our bags and

said it can't be done other than perhaps and so it's a very Natural Evolution for us to become wholly, focused on bitcoin SV and I think the quality of the businesses being built, the fact that Bitcoin SV itself, I think is an extremely undervalued asset. It was just an obvious choice for us to take this direction and limit our Focus to this segment of the industry, which will soon, I think be the entire industry. So Paul, you spend a lot of time, I know

cuz, you know, confer with you a lot on this, screening investments in Pitch decks from entrepreneurs across the world, we have lots of conversations about it. Give me your impressions of the adventures that are coming forth and Bs V. Especially the ones you heard in the first pitch today in Solon, the ones you just heard a few days ago. You know what are trans you're seeing and your reaction to, but if they're good bad or somewhere in the middle. Sure. Yeah. I definitely see. A lot of companies are given our profile with clingy Ventures. We got, we got a lot of inbound

opportunities to look at and like any venture capital or private Equity investor on planet Earth. Do you know you can't invest in most things that you see? In fact, you tend to turn down 90 + percent. It's, for a good reason for many, good reasons, but, so we need, we need to filter out a whole lot and choose our choose. What we're looking for a very carefully but the speaker, Directly to what your what you were asking about. I've definitely seen a trend of companies taking advantage of the unique factors to be as fee such as the course of micropayments. The ability to have Limitless

transactions. I really like seeing things like that, if I can talk from it about things, I don't like, it might be a very healthy for people because a few companies out here today, may think I'm, I'm referring to them and I'm not so be very clear. I'm not referring to anyone here but there's a positive and a negative, I think too and mostly positive. But there is some negative to a lot of the inbound aetherium projects that that are coming our way. It's mostly great. But there's a certain frequency where companies are coming to us saying we've

now learned about PS3 with done our homework, it looks amazing. We're going to talk to at 2 and Shane and see how we can work in the space and two others and so on. And and we're happy to switch from aetherium but but if you Only if you invest in us, that's the part. You don't like that because if you think about it in a way it's a bit like they're holding their own company hostage and and give you an asking me for ransom, you know, because they're saying in the back of the summer, what if we don't invest in you, I said, oh, well, we'll be fine. We'll just continue you

know, with Tron or well that actually doesn't work, but she tells you about the management team, right? Because that tells me you haven't done your homework about vs Fiora lie about how to be a proper management. Team are also tells me that I don't think you're going to be a good Steward of our capital and of all your other investors Capital. Cuz it really says you're looking for money. Anyway, you can get it and you know there's one that I said you should come to this conference is a great conference. You can learn a lot about bsp. There's lots of

investors around here, don't just talk to me. Of course, we're very visible but there's going to be panels are going to be lots of folks in the room including certain people hiding the Right now we're all so investors. You could talk to and one said, why only come if I speak on the panels? Okay. So what are some good examples of things that that it started? I tend not to like to see Alex, what are the kinds of criteria you use? When screening of that, since we've talked about some opportunities together, I have an idea but share with our audience so I don't like things like social media simply

because it's so difficult to predict. I am, I don't know when you guys start with the first time but I was kind of dismissive. It's 250 characters of something was too full. For every time. We like things that more predictable and more obvious that we're the value-added, which is why we're infrastructure at the moment. Things don't necessarily look like instructions, but they will kind of stopped coming back into the back. End of most businesses that want to use vs, be a back-and-forth business operations.

So we also don't necessarily like exchanges partly because a number of restrictions on our investment thesis but also from regulators and Banks, they don't want us to invest in these entities that have proven themselves to be. A little outside of the law. So we, we are not allowed to operate in Malta. Next question. Maybe a prison cell will see. So we we try and stay to the infrastructure, play and infrastructure really key. So we also don't invest it quite small fun. We're only 40 million euros and currently we don't

invest in Hardware because it's so carefully tracked it so difficult to get right and you can waste, you know, maybe fifty million dollars on an idea that never materialized you. So we take the software approach, the things we like, The mall. He businesses that really helped people interact with the blockchain and starve his way. So they don't even necessarily need to accept VSP as a form of payment, right. We're much more interested in people accepting things like credit cards to to facilitate that business because that's the way the

world already was looking for things that fit into existing business processes so that you don't know you're using it. That's why the real value is, I think what are kinds of projects you like and don't like and criteria used to evaluate them? Well, I don't want to put any, you know, filters on what we're looking at. It's our job to determine if know, there's too much risk to invest in any given business, but if you have an idea that uses fifine SV creatively, it's obviously something that we'd like to hear. I will say just a sort of a personal preference, I really like

businesses there thinking about the problems that nobody has today and everyone is going to have tomorrow. We invested in planaria Corp and I think that's a really great example of a business that, you know, imagine going up to a typical VC and saying, we're going to have petabyte blocks and someone's going to have to index those and serve them to people. That's what we do. It sounds ridiculous, but we think that's where the world is headed and You can obviously, offer financing at competitive rates because we don't see that is as big a risk as the

broader Market is going to end. So if that sounds like you that I think is probably a good fit between what you're doing in our font, the audience just heard as a lesson in constructive feedback. For some investors, we've just heard three pitches from Pitch teams. I'm going to ask each one of you to provide for one of them, your reaction, what they thought you thought they did well as a pitch and what you think they need to improve on in order to potentially win your investment dollars, right? So I'll go with Paul. First, you want to take a

looter? Sure, I thought lewter was a very interesting. Of course we saw them a few days ago because I think perhaps transactions and so on the market that it's sort of social media but it's also related to think that's that's great thing that strikes me is that the focus initially and it makes a whole lot of sense why? But the focus initially is on a rather small market and certainly have to start small. And so one of the things as an investor that we have to remember I'm a speak about myself, not about the other folks, but I have to remember

that it's that this is a start up and then some, you know, this is a very, very early stage company with one or two people. Now when you, when you tend to think of the term start up outside of this fear, it's usually even bigger than that already. So it's, it's sort of precede stage, isn't it? So on that basis, it makes complete sense to start with your home Market. But I think we need to try and rest and better, at least I certainly did how can this company grow and Take On The World or, you know, then Australia and then Europe and then perhaps North America. So, you'll, perhaps it's on

me for not asking that question in our, in our presentation. But that's, that's what struck me. Okay, be back for memento. As a consumer competition is your friend. As a business competition is not necessarily your friend. It's somewhat unlikely to be your friend in a space is wide open. As Bitcoin SV is today, I think if you're looking to take on that degree of competition is what I was thinking, but It strikes me that. You want to think further and deeper and maybe it's a VC tenancy today and people should have seizing on that pattern

of. Okay, we have bird, let's get lime and where the Instagram to Treasures Twitter and I, I don't think that is necessary of the way forward. And so I would just say, I think it's a good start and they're thinking about a lot of real problems that people have found ways to solve those. But I would just brought in, brought in the Horizon and try and look for things that even in this small space maybe there are people dressing. So closely against health, I think a number of different approaches to how we use Bitcoin to deal with such sensitive information.

So blind approach effect, 3000 put your data on chain which is perfectly reasonable for people today. It's also something that people expect because you don't want your health information to be publicly available to absolutely everyone. I think it's definitely feel the market need for the white people currently on the stand Bitcoin. Looking to a future wet. Everything is on chain. We need to take me to approach has presented the pixel wallet back in his soul and soul. And one thing

that people don't understand at the moment is the encryption isn't secure. It's not secure for the type of technology. Did we have today in ensuring proof this in World War II? He single-handedly won World War II by breaking, the encryption every single day, every day. So if we're going to put data on chain, we need to, we need to mitigate against this kind of attack and Explaining that to people is going to be impossible, right? Cuz it you never going to convince everyone. So I think that Linda proach is the correct

way for a current understanding and it's a desperate need because people love that helped write the coronavirus. None of us is shaking hands and was trying not to you but it's difficult fight with trying to change the way we doing things so that we don't become infected. I don't know how many people. She infected in China. Do you like this is an impossible problem that needs to be on a single source of truth? And the way we approach that is very, very critical and I think activity of SD wallet to start, it

needs a lot more Fort is how we approach this kind of problem. Let's talk about do's and don'ts in investment pitch decks. You all look at many of them. Give some advice to entrepreneurs about someone good thing to do when one thing not to do do's and don'ts I'll start with a don't I think the thing that that we see a lot is when when companies are talking about their total addressable Market, which is a good thing to do. You have a new product? And you say, this is the global use of such and such and it's X

number of billions, you know, for a year. What not? I think that that's definitely true. But when you're starting with your idea, your developer or engineer, or if, you know, you and your partner, so there's a couple of you, you know, when your home Market of that space for quite a while until you build your products, I feel like it's a long ways off to start to be thinking about my tan is this, and therefore, this, and therefore, my valuation today, should be ex and I think

you should build your product first and you know, get it through Alpha and then beta and then we can talk about, you know, what, a reasonable valuation might be when we see dark. There are two, customers are near Customers using it and proving that it works and that there's the, the demand that you think there might be. So, I don't know exactly how, how, how to answer the know that issue that I do think you need to address the Tam, and show us how the real world works, but you've got to realize that that's that doesn't translate into there for you. I'm ready to take on no Twitter or

Google or salesforce.com tomorrow, cuz you're really not even if it's a great product. I think we're getting a little bit negative up here. I would say that it doesn't really make sense to try and push every business through a specific filter, because Every business should be in a lot of ways. It's extremely different and every entrepreneur is very different. And I would say if you're establishing a relationship with an investor, it's better just to be yourself because hopefully that is a very long-term relationship. And so

if you present some sort of facade that isn't you, then one I think that's hard to do in the first place convincingly, so it might not be a great strategy but also, I think you're doing yourself a big the service. And so I would say, you know, obviously you want example, if you want guidance, but for the most part, you know, your business, you know how it should be presented and you yourself, and I would say, just follow what you think is the right way to present your own business. Alex, any advice for entrepreneurs

and effectively a lot of people coming to the pitch days and stuff without anything other than slide deck and it's very difficult to. Justify any kind of investment in people that haven't even tested this out in the real world. And I think one thing that people really need to communicate better is what problem that really solving what value that has the customer and how you're going to monetize it, you may not have a old figured out, you need to communicate that. You'll think the

way you're thinking about, one of my favorite presentations with female, right? They came to pick day as well. He's thinking about your inbox in a completely different way. I think, the way you communicate your idea and what value You're really hurting everyone hates Pam. And it's, it's just what Vision do you have? And how do you know, then how do you make money from that? So I'll ask a question to Jack and Alex, you have the I'm curious how you're finding the process

of trying to solicit investors to invest in your fund and their reaction to bitcoin SV inadequate as the ecosystem. Is it getting easier? Is it hard to tell us, you know, some of the challenges or opportunities are facing? Yeah, well, and I say this extremely lovingly, but there's a lot of Alex's in the world and I think that's a good thing. People want to see the thing working. They don't want to hear Yo, this algorithm is log, whatever. In a order, whatever, they want to see the

transactions on Chan, they want to see the usage. They want to know how many people are actually using this technology. And that makes it an extremely difficult sell at this point. Now that's an opportunity of course, and I think that's the majority of what it is. But I'm not going to tell you that it hasn't been exceptionally difficult to try and Pitch this to investors. It's hard to get the time of day and explaining Bitcoin SV is a lesson in information security, Peter science, economics and history recent history and it's not an

easy position to say. Hey, this crypto thing that you've heard about, well, everyone is a scam except for the things that we're doing. Yeah, I think that's a very good point. We've had the most success and not really even talking about bsv because if exactly what you said to you, it's impossible to convince people that everything else is going to die. Except for this one thing what do you say? We go back to what Bitcoin was originally about helping businesses streamline that processes make things more secure and make things easier for them.

And we only really start to bring up Bitcoin once the relationships cemented itself a bit more. And I think that everyone in this room wants to go out and advocate for Bitcoin SV but you're such a difficult thing to do because crypto Twitter has killed Bitcoin. It killed it. It is literally just absolutely destroyed the original idea. So we need to start talking about Coin in how it fits in with existing infrastructure to show me one thing. We have made

some strides and I will say if you're looking to share something useful and getting this message out, you can go to ybs v.com which I should. We'll just redirect you to a part of unbounded capital.com. And we've invested a significant amount of resources into trying to create content, including simple to understand videos, trying to explain how we got here. I think the content creators of the space that is our Challenge and getting this message out in a way that it's digestible and not necessarily always appealing to the people who are extremely inside of the space already. I have to

congratulate you on those videos that that some of the best piece of content. Check it out at ybs v.com Bitcoin Association has also launched a few months ago and new master portal site for Bitcoin as he had Bitcoin SV, cam different than our. IO site was meant for just the note implementation, I meant just for more technical information and the new Bitcoin askme.com site which is still under a further development, has more additional content now which is designed to explain Bitcoin SV to a general audience, including business people. I think

those resources will help all of you help. All of us, communicate the value of Bitcoin SV to the investment community. So thank you to our palates very much Hi guys! I'm Johanna Botta from Queen. Keep calm. And I'm here with Jack from unfounded Capital. So tell us a jack. What were you speaking about today? Are you at the conference? I was on a panel speaking about BC in the Bitcoin SV space does a relatively small community. I think we had all the pieces up on stage together which

was a real tree, she is looking to pitch. You an idea in the bsp space, what do you look for what criteria do you look for what I said? I don't want to add any filters. We are open to any creative use of bsp, and I would say to people is no your business, and at the right time do not too early that's me, not too late and be yourself. Why did you decide to get into investing in BSD start up some might say that it may be a little risky. How do you feel about that?

Unbelievable amount of potential and very very few investors in. So if you're an investor it's the dream. So it was a very easy decision to make it to. The queen has to be and be investing in PS3 startups. We really look for business professionals to know what they're doing. It's quite simple, a lot of things in space. That moment and quiet and you and green. They don't necessarily already have a product. So we really want people that whether they get investment for my phone is not that stuff will still continue his best option to depend on our investments. We have great competition

in his face now and it's great to have the options to pitch to different people. How did you get into working with the vsd to begin bike? Like what made you decide to start looking for companies and startups to invest with him to be at the space. So the choice of PSV was quite simple one. When I fust o' Bitcoin, I understood what it was supposed to be. The VSP vision is the same vision I had when I first started as a Analyst at a crypto-currency, had fun during the folk that because I figured out that if Bitcoin might not work then we need to find out what I'm well and my

conclusion was effectively. No one knows what the hell are there any medicine is in the cryptocurrency space? Except.

Cackle comments for the website

Buy this talk

Access to the talk “Bitcoin VCs find unbelievable potential in BSV space”
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free

Ticket

Get access to all videos “CoinGeek London Conference 2020”
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Ticket

Interested in topic “FinTech”?

You might be interested in videos from this event

May 25 - 27, 2021
Online, London
53
465
accessible design, business flexibility, business to consumer stage, design, financial health, financial products, fintech, market, tech circus, ux

Similar talks

Paul Rajchgod
Managing Director, Private Equity at Ayre Group
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Graig Wright
Chief Scientist at nChain
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Jack Liu
Founder at RelayX and Float SV
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free

Buy this video

Video
Access to the talk “Bitcoin VCs find unbelievable potential in BSV space”
Available
In cart
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free
Free

Conference Cast

With ConferenceCast.tv, you get access to our library of the world's best conference talks.

Conference Cast
949 conferences
37757 speakers
14408 hours of content
Jackson Laskey
Jimmy Nguyen
Alex Fauvel
Paul Rajchgod