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

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.

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Episode links:

Future Perfect Ventures: Futureperfectventures.com

Twitter: https://twitter.com/jalak

Blog: Thebarefootvc.com

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

Profile of Jalak in Breaker Mag: https://breakermag.com/why-one-of-blockchains-first-vcs-thinks-the-developing-world-will-lead-the-way/

Jalak on the 10th birthday of the Bitcoin white paper: https://breakermag.com/remembering-the-bitcoin-whitepaper-part-3-the-thinkers/

New York Blockchain Center: https://www.nycedc.com/press-release/nycedc-open-nyc-s-public-private-blockchain-center

Wired story on the Collective Future: https://www.wired.com/story/for-women-in-cryptocurrency-a-new-effort-to-grow-their-ranks/

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/

Unchained episode with Elizabeth Rossiello of portfolio company Bitpesa: https://unchainedpodcast.com/bitpesas-elizabeth-rossiello-on-necker-island/

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/