Bitcoin is not just reaching to new segments of population to the regions that were unheard off but also receiving attention from media for several startups starting their operations. The latest addition to the list is Block26 LLC, the Los Angeles-based firm. It aims fund to fortify and finance blockchain technology firms beginning this year.
Though there are several venture capitalists that are showing their interest in funding Bitcoin startups and the companies that are in trouble, Block26 announced plans to invest in hand-selected companies that embrace the blockchain, the revolutionary technology behind Bitcoin. This also shows Block26 LLC is quite sincere about the job it has taken.
Nonetheless, led by Principals and Co-Founders Ni’coel Stark and Pedram Hasid and backed by Lakeshore Capital, among others, Block26 will provide capital, talent, and other resources to incubate a portfolio of startups in the Bitcoin space. A lot of Bitcoin companies are not able to function well as they lack funds to operate; however, this may solve a lot of their issues.
Talking about the launch Principal and Co-Founder Pedram Hasid said that they are launching Block26 to provide the Bitcoin community with much more than financing. He was quoted saying:
Beyond capital, our global network of experts in fields varying from financial services to software engineering to marketing to manufacturing and supply chain management will fully empower blockchain startups with vision, talent and drive.
Brand New Type of Creative Investor
Sharing his views Principal and Co-Founder Ni’coel Stark said that Block26 is a brand new type of creative investor focused on blockchain technology. He believes that the independent, secure digital ledger known as the blockchain will be the cornerstone of a new generation of applications essential to almost every segment of society and industry.
He was quoted saying that Block26 will develop long-term, synergistic relationships with startups who have the capacity to change the world. Nonetheless, Block26’s involvement will include the development of a spectrum of novel blockchain applications through strategic partnerships, acquisitions and licensing.
Discussing the points Ni’coel Stark added that Block26 is more flexible than an angel fund and more hands-on than a traditional VC. He said:
Our venture platform will make deliberate but aggressive investments in companies at every stage of establishment, from Seed Round to Series C. Block26 plans to make a proprietary network of resources and capital available to select blockchain entrepreneurs.
To contact the reporter of this story: Deepak Tiwari at email@example.com