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If you have missed out on multiple issues from the past month, make sure you read our Monthly Brief t
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June 12 · Issue #151 · View online
3 Things You Need To Know From The Convergence Ecosystem
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If you have missed out on multiple issues from the past month, make sure you read our Monthly Brief to stay updated on the key happenings from May. Things look rather good! Today’s issue covers our our investment in Haja Networks, breakthroughs in carbon capture and a study on the value additions made by venture capitalists in startups. |
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1. Polychain, Outlier Ventures Back Blockchain Startup's Plan for Web 3.0
We have a new addition to our portfolio of companies. Web 3.0 is a key component of our convergence thesis. In order to make it possible, there has been a need for a database protocol that would allow interoperability between different blockchains. Haja Networks aims to solve this problem by enabling users to sell or lease their data to businesses while maintaining control over what information is available to third parties. Given the number of leaks we’ve seen with Web 2.0 platforms such as Facebook, this would come at the core of empowering users to be complete owners of the data generated by them. The team at Haja comprises of individuals from former Protocol Labs, IPFS and OrbitDB. Current investors for the project include Polychain Capital, Creathor Ventures and BigchainDB alongside Outlier Ventures. Read more about why we believe in the need for data interoperability in our blog post here. Stay tuned for more updates on the project from us! |
2. Cheap Carbon Capture Technology Might Make Our Climate Goals Possible
The Paris Agreement could be summarised as humanity’s attempt at minimising the damage we do to the planet. For the most prolonged period, we have been unable to be on track to meet the goals set by the ambitious agreement to limit global warming. Most forms of carbon capture that seemed like promising alternatives have failed to be economical enough to seem attractive enough to governments. However, things may change soon. A new study published in the journal Joule found a way to reduce the cost of accumulating carbon dioxide from the atmosphere down to $94 per ton from a previous of $232 per ton. The drastic reduction in costs involved could soon attract an increasing number of governments towards setting up carbon capture units locally. The rise of greener forms of energy has seen a similar pattern. Although renewable energy as a source has existed for well over decades, their cost-effectiveness in comparison to fossil fuels has remained low. The same has curbed adoption. As necessity fuels innovation, funding and research in the space, we may soon see drastic rises in both the adoption of green energy and the setting up of carbon capture units. Long live planet earth!
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3. Do VCs really add value? — Founders say sometimes.
Choosing between venture capital and bootstrapping is a tough decision entrepreneurs find themselves making during the early stages. On one end, one could argue that had it not been for venture capital, current day behemoths like Apple and Facebook would have struggled to attain scale. On the other, there is the fact that token sales have actively competed against venture capital and managed to even raise more than them for blockchains as a sector in the past year. Given the nature of the industry, there has been little research into the matter. A recent study by Henri Deshays from Newfund and Owen Reynolds from the University Of Chicago looks to find answers for precisely these questions. They surveyed over 98 VCs and 121 founders across different stages of investments to understand the value addition made by venture capitalists. The study sheds light on the stark differences in how founders and VCs think. We end the day’s newsletter with the concluding statement from their post.
In closing, VCs and portfolio founders generally have the same ambitions — to build an amazing company. Personal chemistry between the founder and VC matters the most, and the tangible value-add VCs think they provide is discounted by founders. Regardless, as VCs, we will continue to support our founders by all means possible, and push our industry to evolve and iterate around what that support looks like.
Read the entire post here.
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Ocean Protocol won the “Outstanding Innovation in Blockchain" award at 📈🚀 Let’s get back to BUIDLing https://t.co/ql5anrWmjr
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9:55 PM - 11 Jun 2018
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