Second BSV Venture Pitch Day doubles in applicants

After the successful inaugural Bitcoin SV (BSV) Venture Pitch Day before the CoinGeek Seoul conference in October, the Bitcoin Association has organized a second Pitch Day—this time taking place right before CoinGeek London on February 18, 2020.

The success of the first Pitch Day has encouraged more entrepreneurs into trying their hand at pitching their big ideas. By the time the application deadline closed last December 22, the Bitcoin Association has received a total of 50 applications—twice as many applicants than for the Seoul event. This, according to the association, shows the continued growth of the BSV projects and ventures with more developers and entrepreneurs wanting to build on BSV.

“We are thrilled to see this doubling of applicants for our 2nd BSV Venture Pitch Day, and the great diversity of BSV use cases and industry sectors they represent. It reflects what we already know: developers and entrepreneurs want to build on BSV because its massive scaling, greater data capacity, and microtransactions capability enable a world of great new applications,” said Jimmy Nguyen, Founding President of the Bitcoin Association. “We will have a difficult time narrowing the list to those who get to present on Pitch Day. But I am excited to see all these projects flourish and contribute to the rapidly-growing BSV ecosystem.”

More diverse project types this time

The first BSV Venture Pitch Day saw a variety of innovators pitching their BSV projects, such as Scrypt, Agora, Showpay, CityonChain, Binde, Wheedl, TrueReviews, and GearSV, among others, to a panel of venture capitalists. Watch all the first Pitch Day videos on The BSV Pitch YouTube playlist to learn more about their experiences.

This February, expect even more diversity with the BSV projects that will take part in the BSV Venture Pitch Day. Aside from exchanges and platforms, there will be projects focused on gaming, coupons, verification systems, health data, identity and verification system, tokens, secure document work flows, subscription streaming, and even web apps for sharing creative content.

There is also a project that will put Instagram on BSV, as well as a fitness app, a social networking platform, a donation distribution system, and a mailing and messaging app. There are also projects targeting smart locks, donation distribution, billing, and even appointment booking.

The applicants will come from across the world, proving that more application developers and entrepreneurs are taking advantage of BSV’s greater data capacity and very low fee, micropayments capabilities. Some of the participants are from countries include Switzerland, Mexico, United States, United Kingdom, Spain, Italy, China, Canada, Japan, and Brazil.

Remember, be yourself

The approved projects will show off their business plans to the venture capitalists and investors in London. The three best business plans will have to hone their presentation skills, since they will be asked to return for the CoinGeek London conference, where they will present to the large audience expected at the event.

And to those successful applicants, Pitch Day veteran Bryan Daugherty has a piece of advice for you: Be yourself.

“Your presentation should emphasize the benefit to the investor, not just to your end-user. You should project realistic outcomes with confidence that you have thought of various scenarios that may or may not occur in the future—especially concerning valuations,” he said. “Ultimately, investors want to know that you are 100% committed to your plan and will protect as well as grow their investment. Be yourself. They are investing in you as much as they are investing in your idea.”

Didn’t make it to the deadline? Attend the CoinGeek London conference on February 20-21, 2020, to help you get the next great pitch ready. Buy your tickets now.

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.