New Beginnings: Aligned Capital Takes Shape
In a move that stirs excitement in the blockchain world, Sam Cassatt, the Chief Strategy Officer at ConsenSys, has revealed plans to establish a brand-new investment firm dubbed Aligned Capital. Cassatt’s announcement on November 15 disclosed aspirations to raise a staggering $50 million for its inaugural fund. Despite stepping into this new role, Cassatt isn’t cutting ties with his ConsenSys roots; he’ll continue serving as an advisor while taking the reins at Aligned Capital as a full-time founding managing partner.
A Triad of Investment Focus Areas
Aligned Capital isn’t just a one-trick pony. This cutting-edge firm aims to make waves across three distinctive domains. Prepare yourself for some thrilling advancements in:
- Blockchain and Crypto: Tapping into the essence of innovation.
- Safe Artificial Intelligence: Because who doesn’t want AI with a safety net?
- Innovative Healthcare: Investing in solutions that could make everyone’s doctor visits a bit less…well, cringe-worthy.
Cassatt is keen on leveraging ConsenSys software while also joining forces with a startup incubator, blending creativity with tech-savvy solutions.
Star-Studded Backing
Every good venture needs a solid support system, and Aligned Capital has star power! Initial backing includes heavyweight figures such as Joseph Lubin, the founder of ConsenSys and co-founder of Ethereum, who will also lend his expertise as an advisor. Other substantial names include Andrew Keys, an early ConsenSys exec, and seasoned investors like Seth Goldstein and Nicholas Paul Brysiewicz.
If that’s not impressive enough, Stanford lecturer Nichol Bradford joins the ranks as well, contributing a wealth of knowledge that stretches from tech to transformative innovations.
The Growth Trends of Blockchain Investment
Sam Cassatt’s leap into the investment realm acts as a robust indication of the positive trajectory that blockchain investments are following. As per a report from identity management firm Okta, a significant 61% of leading digital firms globally are getting their feet wet in blockchain technology. It’s almost like blockchain is the new avocado toast of the tech industry—everyone wants a piece!
Interestingly, back in June 2019, none other than billionaire investor Henry Kravis dipped his toes into crypto by investing in ParaFi Capital. The research platform Research and Markets forecasts substantial growth in blockchain spending in the US, predicting a rise from $3.12 billion to $41 billion by 2025. Sounds like a gold rush, doesn’t it?
The Future of Aligned Capital
As Aligned Capital officially sets sail, the industry watches with keen interest. With its focus on blockchain, AI, and healthcare, we might just be looking at the next powerhouse in tech-driven investments. Who knows? In a few years, we could be saying, “I knew them when…”
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