Category Archives: Investment

Podcast #8: Nick Tomaino on Coinbase, Bitcoin’s Future, and VC

What’s life like after Bitcoin for someone who worked for one of the scene’s biggest players? Can you move on to other things and still remain keenly interested?

Nick Tomaino used to head business development at Coinbase, the US’s most well-known and popular bitcoin exchange. These days he’s principal at Runa Capital — an early-stage investment firm with its eye on “deep tech”. That includes everything from A.I. and drones to regulated markets like fintech, healthcare and education. Nick himself is a big fan of open source projects and wants to look more at the blockchain space.

Did Nick Tomaino Leave the Bitcoin World? Why?

Nick tells Daniel and Jon why he chose to leave Coinbase for the VC world. Further to that, he elaborates on why some companies like Circle have also moved away from the bitcoin space in recent times. Perhaps the industry is stagnant, or there was too much venture capital chasing too few real solutions.

Listen to the episode to find out the details:

Nick also talks on one of our favorite topics at Automata — token crowdsales — but suggests expectations might be “inflated”. Find out why he’s still bullish on blockchain assets in general but warns crowdsales will cause “a lot of pain” for participants.

Runa Capital has only just established a footprint in the US. Nick tells us why the company is still also looking at the rest of the world, with offices in Silicon Valley, London, Singapore and Moscow. The nature of technology, he says, lets anyone start a company anywhere they like. Investors looking at Silicon Valley only are leaving overseas markets underserved.

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Show Notes

Runa Capital homepage
Coinbase homepage
Nick Tomaino’s blog
Subscribe to Automata podcast on SoundCloud

Podcast #7: Jake Brukhman of CoinFund Talks ICOs and Blockchain Token Investing

Blockchain tech and digital tokens have opened up whole new fundraising avenues for tech companies. The terms “ICO” and “ITO” (initial coin/token offering) are starting to appear everywhere. But how do you decide which are worthy of attention?

Jake Brukhman is a co-founder at CoinFund, an investment portfolio devoted entirely to the blockchain token space. Jake draws on his background in fintech and hedge funds in New York City to examine trends in a fast-changing environment.

Jake’s other co-founder at CoinFund, Aleksandr Bulkin, wrote a piece titled “Cryptoeconomics Is Hard” — because every new token is itself a new economy, with different attributes.

What CoinFund Looks for in Token Offerings

Jake explains to Automata hosts Daniel and Jon exactly what that means. He goes into depth about the kind of due diligence CoinFund undertakes when deciding what tokens to include in its investors’ portfolio.

The world of blockchain tokens and ICOs is transforming the startup space, he says, with companies now preferring to raise funds this way than through traditional VC channels. But is it the right way to do things? What about regulation? Don’t the SEC, IRS and CFTC have something to say about all this?

Listen to the interview and you’ll learn enough to sound knowledgeable at your next meetup. Beware, though, investing in blockchain tokens isn’t recommended for those unfamiliar with the industry’s trends. You’ll also need a stomach for volatility even more wild than the world of Bitcoin.

Jake also explains why the future is all about decentralized exchanges, social networks and insurance companies, and how they’ll all co-ordinate their separate blockchain economies to deliver better services.

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Show Notes

Total runtime: 26:23
CoinFund homepage
Cryptoeconomics Is Hard from the CoinFund blog
Link to this episode on YouTube
Automata SoundCloud Channel

Podcast Episode #4: Scott Robinson, VC at Plug and Play

What does the Bitcoin industry look like from a big investor’s perspective? What do VCs find interesting in the space and what attributes are they looking for?

Scott Robinson is a founder, director and VP of fintech at Plug and Play Tech Center, the Silicon Valley startup accelerator and venture capital company. He’s also a big believer in Bitcoin’s potential and plays an active role in developing its infrastructure.

Plug and Play was well-known in tech circles long before Bitcoin, with investments in big names like PayPal and Dropbox. These days it has a broad innovation focus covering A.I. and Internet of Things as well as fintech.

More than just an investor, it has created an entire ecosystem for tech startups to prosper.

What Should Bitcoin Startups Do, and How to Benefit?

So far Plug and Play has invested in Purse, 37Coins, Peerpal, HolyTransaction, Netki and BitWage, among several others. One of its main strengths is its corporate network that includes many large financial institutions, opening up even more opportunities for the startups it accelerates or invests in.

Scott also explains how startups can leverage their position and work with corporates in a way that benefits them more than most VC deals — and about how the business community is approaching Bitcoin businesses. Are they an opportunity or a risk?

Show Notes

Run Time: 24:53
Direct link to episode
Please subscribe to our YouTube channel
Scott Robinson on LinkedIn
Plug and Play Tech Center