FuturePerfect Sees Emerging Markets As The Best Bitcoin Opportunity - Essay Example

FuturePerfect believes that convulsing in the emerging markets is the best opportunity for bitcoin

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According to the founding partner of FuturePerfect Ventures, the biggest opportunities for the bitcoin and blockchain lie in the ability to convulse the emerging economies.

FuturePerfect is an early stage venture capital fund in New York City with a global focus. Investing in Interpretative Intelligence: applications and platforms which make data more intelligent and more “human”.

The firm partners with entrepreneurs who seek to accelerate their ideas through the team of FuturePerfect Ventures’ unique international network, focus on inclusive innovation, decentralization, and domain expertise.

Jobanputra stated that the firm is hoping to invest in post- seed companies raising rounds of $1 million to $5 million in a bid to scale their efforts.

Following stints at RTP Ventures and the Omidyar Network, FuturePerfect Ventures was launched in the year of 2012. It is a global focus that is captivating the $50 million fund, hence it shapes the thesis of the firm on bitcoin and blockchain.

Jobanputra explained that after spend some time in Africa analyzing the growth of mobile money services platform M- Pesa in early 2013, she became interested in the technology.

She stated, “That was the perspective I was bringing to learning more about the space.

Large data, decentralization, [bitcoin and the blockchain] fit in nicely with where technology in general is headed, It’s not only in the FinTech space, we’re witnessing more decentralization as more machines and devices come online around the world.

If you look at the efficiencies, a digital ledger just starts to look like a global opportunity. It’s just such a huge technology with huge potential that I wouldn’t want to even categorize it.

Venture is not really about funding science projects. It’s looking at applications that can serve a purpose and address pain points in the current market in the near team.”

Jobanputra expressed that the tech press views startup funding as a measure of success, pointing out that there several companies that are just able to operate leaner and more efficiently.

She explained, “We’re in a very nascent market and we’re accustomed to seeing high fundraisings just because the money is out there.

The smartest companies are figuring out their business model and not raising just because they can.

There are lots of things that have changed in tech and capital. Capital has become a lot more global and consumer and enterprise focused

On 19th of June, 2015, an innovator blockchain technology, Case, made an announcement that the company raised $1.5 million in funding which is led by FuturePerfect Ventures, RRE Ventures, Rochester Institute of Technology fund and many more.