LOS ANGELES (May 22, 2019) – Goren Holm Ventures (GHV), a fintech and blockchain-focused venture studio based out of Santa Monica, California, has joined Draper Venture Network’s DVN Beta program.
Founded by legendary venture capitalist Tim Draper, DVN currently comprises of 24 VC funds that operate in 60 cities globally and collectively manage over $2B in assets under management. It is a global, self-governed organization of independent venture funds that cooperate on investment diligence, marketing intelligence, corporate relationships, and co-investments. The DVN Beta program focuses on supporting budding VCs and exposing them to the world’s best investors and investment infrastructure. It is also meant to be a testing ground for first-time funds and alternative funding models.
“We are thrilled to bring in GHV as a member fund,” said Tim Draper, Founder of Draper Associates and Draper Fisher Jurvetson. “Josef and Alon have a great reputation for networking and inclusion. We are confident that they will be a great source of deal flow and wisdom to the network. We look forward to working with their team and their portfolio companies going forward.”
By joining DVN Beta, GHV accesses a global nexus of business development
opportunities and tech hubs with a local footprint in emerging economies around the world.
“GHV has amassed an incredible, global platform,“ says Gabe Turner, DVN’s Executive Director“By providing strategic introductions and access to partner funds, corporate partners and industry leaders, we will bring visibility and scale to their portfolio.”
GHV’s portfolio companies also benefit through this partnership by gaining access to a worldwide network of capital and expertise while procuring entry into localized private events and exclusive gatherings.
“As a former DVN portfolio company CEO, I had access to DVN’s incredibly powerful, global network and private events,” said Alon Goren, Founder of GHV. “Later as a venture partner for one of their funds, I experienced just how valuable DVN can be from the other side of the table. When we decided to formalize GHV, Gabe and Tim were our first call, and we couldn’t be more thrilled that they asked us to join them.”
The partnership will deliver more exposure to early-stage blockchain and crypto startups for DVN, as well as provide GHV with a larger global entryway for investment opportunities.
“We are humbled and excited to gain access to a vast network of funds and resources that not just GHV, but also our portfolio companies will benefit from directly,” said Josef Holm, Founder of GHV. “This takes our strategy of amplifying and exposing the work of the best blockchain entrepreneurs in the world to a whole new level.”
About Goren Holm Ventures (GHV)
Goren Holm Ventures (GHV) was founded in 2018 as a limited partnership between founders Alon Goren and Josef Holm. The firm has evolved to a venture studio, accelerating six startups and incubating 3 more, while simultaneously producing the premiere blockchain and cryptocurrency events in the Los Angeles area, Security Token Summit and Crypto Invest Summit. Sponsors for GHV events have included American Airlines, tZero, and eToro, and prior keynote speakers include Steve Wozniak of Apple, Anthony Pompliano of Off the Chain Podcast, and Shruthi Rao of Amazon Web Services. More information can be found at GorenHolm.com
About Draper Venture Network (DVN)
Starting in 1990, Draper Venture Network has grown into a self-governed organization of independent venture funds on four continents who cooperate on investment diligence, marketing
intelligence, corporate relationships, and co-investments. Draper Venture Network is a robust venture collective that brings together experienced investors with innovative entrepreneurs from around the globe to share strategies, source opportunities and create value. All member funds maintain independence while raising capital and managing investment decisions. More information can be found at DraperNetwork.com.
Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more
Crypto News – 26 June
Bitcoin breaches new resistances: In a sensational run that saw the coin surge by 15% over 24 hours, the world’s largest cryptocurrency breached the $12,000 mark, while also briefly touching the $13,000 mark, before falling again
Read more at https://bit.ly/2ZMkS10
Tone Vays on Bitcoin’s biggest strength: Tone Vays opined that Bitcoin’s biggest strength was the fact that it was completely “unconfiscatable” and that one’s BTC is completely safe if it is protected and secured with attention
Read more at https://bit.ly/2RD2BjL
Tron Foundation launches new inititative: Justin Sun’s Tron Foundation announced a $20 million TRX buy-back plan to promote community activity and market stability
Read more at https://bit.ly/2X8aA9W
Joe Kernen on Bitcoin, Libra: The once crypto-skeptic, CNBC Squawk Box’s Joe Kernen is of the opinion that Libra is for corporations, while Bitcoin is for the people
Read more at https://bit.ly/31MkqSa
Bloomberg on JPM Coin: According to a report by Bloomberg, the Jaime Dimon-led institution plans to launch the JPM coin and use it for bond transactions
Read more at https://bit.ly/2X75DTr
Fundstrat report on stablecoins: According to a recent report by New York-based Fundstrat Global Advisors, the FS CryptoFX Stablecoin index fell by a whopping 21 percent against BTC, with Gemini outperforming Tether [USDT]
Read more at https://bit.ly/2X5qPJw
BitGo’s latest collaboration: Bitcoin IRA has announced that it will be teaming up with BitGo to launch crypto-retirement accounts insured for $100 million
Read more at https://bit.ly/31UvjBz
Walmart China to Track Food Products in Supply Chain Through VeChain’s Blockchain Technology
There are few global corporations which recognized the potential of blockchain technology early on. Walmart is also among them, so no surprise that today it’s ahead of everyone else in the blockchain game. While others are contemplating where and how can they use blockchain to improve things, Walmart has started applying the technology to areas where it matters. The latest example of this came from China, where Walmart is going to utilize the VeChain Thor blockchain technology for tracking food in its supply chain.
An announcement in this regard was done yesterday by VeChain Foundation. The Foundation said in a press release that Walmart China is setting up a new Blockchain Traceability Platform in partnership with VeChain, PricewaterhouseCoopers (PwC), cattle company Inner Mongolia Kerchin and China Chain-Store & Franchise Association (CCFA). The platform has already been announced by Walmart too at a seminar jointly organized with CCFA in Beijing. Walmart China has already released information about 23 product lines it plans to track on the new platform, and in the coming days company also plans to release 100 more. Once released, all these product lines will cover the tracking of more than 10 categories on a blockchain platform for the supply chain of Walmart China. The company said:
“It is expected that the Walmart China’s traceability system will see traceable fresh meat account for 50% of the total sales of packaged fresh meat, traceable vegetables will account for 40% of the total sales of packaged vegetables, traceable seafood will account for 12.5% of the total sales of seafood by the end of 2020.”
The announcement is a big development for VeChain too, which is one of the 197 companies formally authorized as a registered blockchain service provider by China’s cyberspace administration. Here’s what Mr. Kevin Feng, Chief Operating Officer of VeChain, said regarding the partnership with Walmart China:
“As the world-leading enterprise-public blockchain platform, VeChain aims to empower enterprises in the large-scale digitization process by providing safe and mature blockchain deployment solutions and promote the wide application of blockchain technology. We achieve this while putting forward new insights for the development of the businesses’ ecosystems. The launch of the Blockchain Traceability Platform by Walmart China, the world-class retail giant, is of great significance to the commercial application of blockchain technology. VeChain will work with Walmart China to actively take heed of the call of the government, by utilizing technology to promote the traceability of fresh food, and to provide innovative solutions for the traceability platform through digital technology, so as to generate more transparent and reassuring consumption experience.”
Blockchain can serve as a highly useful resource for Indian e-commerce companies and retailers too. Let’s see when they realize its importance!
Blockchain Life 2019 is coming to Moscow on October 16th to 17th!
The 4th largest international forum on blockchain and cryptocurrencies Blockchain Life 2019 takes place in Moscow on October 16th—17th.
Experts and participants from 70 countries will discuss the fast development of blockchain technology in Russia and the world. All possible ways of making money on cryptocurrencies and innovative start-ups, blockchain implementations and market forecasts will be reviewed at the forum.
Participants and speakers: owners of the international industry leading companies, founders of top cryptocurrencies, government officials and business representatives, investors, developers and everyone who wants to understand the subtleties, establish useful connections and join the global blockchain and cryptocurrency community.
Blockchain Life 2019 is one of the most significant events in the world and the biggest event in Russia and Europe. Every year forum gathers more than 6,000 participants from 70 countries, bringing together industry professionals and the ones who have just started their profitable way in the crypto market.
The price starts from $47, get your Early Bird Ticket online.