Hi Fintech Futurists,
Welcome back to our podcast series!
In this conversation, we talk with Jamie Burke of Outlier Ventures. This is a fascinating and educational conversation that covers frontier technology companies and protocols in blockchain, IoT, and artificial intelligence, and the convergence of these themes in the future. Jamie walks us through the core investment thesis, as well as the commercial model behind shifting from incubation to acceleration of 30+ companies. We pick up on wisdom about marketing timing and fund structure along the way.
For premium subscribers, an full transcript is provided along with the recording.
Hope you enjoy, and do not hesitate to reach out here!
Excerpt:
Jamie Burke:
We have something called the convergence thesis. So for us, what was most interesting about blockchain was understanding it in the context of the data economy and the possibilities that it would enable for an open data economy, user centricity. So we were looking at the convergence of IoT, blockchain, and AI, IoT for the production of data, DLT for the kind of transportation organization, commodification of data, and then of course, AI for the consumption of data. In more recent form, as stacks matured, not just the investments that we've made, but generally, we're focused now more at the middleware layer or the application layer. So today we're an accelerator working with over 30 startups a year through three cohorts per year and increasingly startups focused in three areas.
I still think there's so many, and especially later stage venture investors that feel that they can just kind of still sit on the sideline and watch how this plays out. Maybe they do have that luxury. But I think in the next decade, when they're kind of appraised, the fact that many of these don't have significant positions exposure to what effectively are going to be transformative protocols, building blocks, platforms that inform Web 3.0 is a lot of people are going to find it difficult to get a job if they haven't had in their stripes.
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