Blockchain Venture Studio GHV Joins Draper Venture Net’s DVN BetaMay 22, 2019
FinTech and blockchain-focused venture studio Goren Holm Ventures (GHV) has been selected to join Draper Venture Network’s DVN Beta program.
Founded in 2018 and based is in Santa Monica, California, GHV focuses on incubating and accelerating early-stage blockchain startups. It invests in and also incubates projects related to blockchain technology, digital currency, crypto assets and marketing and/or servicing those products.
Draper Venture Network, founded in 1990 by billionaire venture capitalist and early bitcoin supporter Tim Draper, is a self-governed organization of independent venture funds. It currently comprises of 24 VC funds that operate in 60 cities globally and collectively manage over $2 billion in assets under management. Its 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.
By being part of the DVN Beta program, GHV will be able to access a global nexus of business development opportunities and tech hubs with a local footprint in emerging economies around the world. It will provide GHV with a larger global entryway for investment opportunities. The partnership will also allow GHV’s portfolio companies to access 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.”
Tim Draper, Founder of Draper Associates and Draper Fisher Jurvetson, said that they are thrilled to bring in GHV as a member fund.
“Josef and Alon have a great reputation for networking and inclusion,” Draper said. “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.”
Source: Read Full Article