Why Future Perfect Ventures Did Not Invest in ICOs - Ep.107

Published: Feb. 19, 2019, 8:30 a.m.

b"Jalak Jobanputra, founder and managing partner of Future Perfect Ventures, talks about how, in 2014, her experience as an investment bank and VC, her global background, and her observation that new streams of data were becoming available led her to launch her first fund, which ended up being 70% invested in blockchain. She describes what it was like selling LPs on the nascent technology in 2014, how her latest fund, which will be more than $50 million, is different and how it's drawing LPs who thought they could make money through liquid hedge funds invested in tokens. She talks about why she thinks early-stage technologies can't be IPO'ed -- and why FPV shied away from ICOs -- but why her second fund is capable of investing in tokens. She also explains how the space is still lacking in early-stage VCs with knowledge of the blockchain sector, why New York launched the New York Blockchain Center and whether crypto is becoming more diverse.\\n Come See Unchained Live With Vitalik Buterin!\\n Wednesday, March 20th, doors at 6, show at 7, venue TBD\\n Get your tickets now!\\n https://www.eventbrite.com/e/unchained-live-with-vitalik-buterin-tickets-56189456176\\n Thank you to our sponsors!\\n CipherTrace: http://ciphertrace.com/unchained\\n Tokensoft: https://www.tokensoft.io\\n Microsoft: https://twitter.com/MSFTBlockchain and https://aka.ms/unchained\\n Episode links:\\n Future Perfect Ventures: Futureperfectventures.com\\n Twitter: https://twitter.com/jalak\\n Blog: Thebarefootvc.com\\n Jalak op-ed on Bitcoin at $10,000 in Recode: https://www.recode.net/2017/11/29/16716014/bitcoin-price-10k-ethereum-blockchain-cryptocurrency-value-creation-global\\n Profile of Jalak in Breaker Mag: https://breakermag.com/why-one-of-blockchains-first-vcs-thinks-the-developing-world-will-lead-the-way/\\n Jalak on the 10th birthday of the Bitcoin white paper: https://breakermag.com/remembering-the-bitcoin-whitepaper-part-3-the-thinkers/\\n New York Blockchain Center: https://www.nycedc.com/press-release/nycedc-open-nyc-s-public-private-blockchain-center\\n Wired story on the Collective Future: https://www.wired.com/story/for-women-in-cryptocurrency-a-new-effort-to-grow-their-ranks/\\n Unconfirmed episode with Bill Barhydt of portfolio company Abra: https://unchainedpodcast.com/how-abra-enables-you-to-buy-5-of-an-etf-like-token-of-the-top-10-cryptos-ep-040/\\n Unchained episode with Elizabeth Rossiello of portfolio company Bitpesa: https://unchainedpodcast.com/bitpesas-elizabeth-rossiello-on-necker-island/\\n Unchained episode with Vinny Lingham of portfolio company Civic: https://unchainedpodcast.com/civics-vinny-lingham-on-when-crypto-demand-will-catch-up-with-the-technology/\\n Unchained episode with Josh Stein of portfolio company Harbor: https://unchainedpodcast.com/harbor-and-trusttoken-on-why-they-dont-mind-being-unsexy-ep-77/\\n Unchained episode with Riccardo Spagni of portfolio company Tari: https://unchainedpodcast.com/moneros-riccardo-spagni-aka-fluffypony-on-how-he-feels-about-monero-being-used-for-crime-ep-93/\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"