Ayre Ventures invests in ground-breaking businesses powered by BSV technology. Its Managing Director, Paul Rajchgod, says he receives a stream of business proposals through platforms such as LinkedIn and through the CoinGeek and Ayre Group websites.
Paul stresses that for Ayre Ventures, completing a deal with a new business is just the start of the relationship. “We have frequent meetings with the company, we make lots of introductions to other companies, which is one of the things that VCs are meant to be used for—it’s not just a blank cheque.”
Paul says that Ayre Ventures carries out extensive due diligence before investing. “We need to go into the forecast and understand why the company thinks those numbers are going to pan out.” The process is carried out by an investment committee, which also acts as the deciding body who makes the final push towards granting a company the funds it needs.
On this episode of CoinGeek Conversations, Paul talks about companies under Ayre Ventures that are making waves in the Bitcoin space. As he tells Charles Miller, mintBlue, a BSV “ground-up company” that uses BSV technology in their accounting software service product, reported hitting 2 million transactions on the blockchain in the form of digital invoices. He also mentions RAD NFTV, a livestreaming platform that uses BSV as an added layer to its NFT offerings. Paul is keen to encourage existing enterprise companies in the growth stage to explore the opportunities offered by BSV.
As a venture capitalist business that exclusively supports BSV technology, Paul points out Ayre Ventures takes a dim view of companies in their portfolio that don’t develop their BSV projects—however successful they may be in other respects: “I’ll just say that where a company has not delivered by choosing not to go to BSV for whatever reason, we find that unacceptable. It’s a breach of our contract and we look to exit.”
Paul would like to see more enterprise software companies approach him. And he’s not saying that existing businesses can’t continue their involvement with other blockchains at the same time as with BSV. He reverts back to RAD NFTV: “Rad is saying we’ll continue to sell Ethereum NFTs and whatnot and we’re going to use BSV internally to manage everything… that is a unique business.”
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