EQUI Global, a venture capital fund built on a blockchain-powered back end, has announced Steve Wozniak as a co-founder. Wozniak is best known for his work at Apple, company he co-founded together with Steve Jobs.
VC Firm to Be Listed on Cryptocurrency Exchanges As EquiToken
With Steve Wozniak at the helm of EQUI Global, the firm will aim at disrupting the venture capital industry by enabling non-institutional investors to trade their portfolios on external cryptocurrency exchanges. Through the purchase of EquiToken, built on the Ethereum platform, investors can buy into the venture capital fund and then use cryptocurrency exchanges as secondary markets in order to sell those assets in they wish.
EQUI Global was founded by Scottish investors Doug Barrowman and co-founder Baroness Michelle Mone OBE. Wozniak joins the VC firm as a founding member as he contributes by identifying technology companies worthy of investment, Verdict reported.
“I get ideas pitched to me every single day, in fact, dozens and I always say no. Since I co-founded Apple with Steve Jobs, this is about the second time in twenty years that I actually said yes […] I want to be a part of this. It has to be something I really believe in and I really believe in EQUI […] We’ve already got over 20 businesses that we are looking at and we haven’t even officially launched yet. It’s going to be very exciting […]”
Believing that EQUI Global is a game-changer as it seeks supports and funds the blockchain and tech stars of tomorrow, the company expects other venture capital firms to follow its lead and replicate the blockchain-powered model using a digital currency such as the EquiToken.
The VC firm will focus on technology companies the most, leaving 20% of its investments for industries such as real estate and art. Wozniak explained why technology gets more attention from the VC firm, which can help startups transform industries.
“There are so many great ideas because I sit down and think, ‘what could I think of doing?’ And it’s usually based upon ‘what do we have today in our life and how could we modify it, make it a little better or radically change it?’ and I don’t come up with many answers. But then I run it at other people and almost everybody has one answer for one thing that I think ‘woah, I never would have thought of that’ so it’s out there in the technology field.”
Having been strongly mentored since the early days of Apple with much “excitement”, Wozniak joined EQUI Global as co-founder to make a difference for new startups and “help make it happen for a lot of others out there”.
In June 2018, Wozniak said only Bitcoin is pure digital gold and that blockchain today shows all the signs of a bubble. At a tech conference held in May, he said that Bitcoin and blockchain are the “next major IT revolution”. Now at EQUI Global, he will have the opportunity to be a leader of the revolution.
Image from Shutterstock