Overwhelming Interest of International Investors in Blockchain Startups
– Editorial by Mathias Ruch, CEO & Founder of CV VC
Not only was it an unforgettable night for all of us at CV VC, it was also a highlight for the Crypto Valley. Over 100 international investors attended the Demo Day at CV Labs to listen to the pitches of the 12 startups that had participated in our first incubation program. Standing in front of a curious and engaged investor crowd that gathered at CV Labs’ Liquid Lounge during the Crypto Valley Week, the 12 diverse projects from all over the world were facing their first big test: the global market.
A special feature of the ten-week program is that the young entrepreneurs are in constant exchange with the local ecosystem, i.e. startups, service providers, investors, government representatives and universities already located in Crypto Valley. Their business models are therefore questioned, tested and further developed on a daily basis. They get to know their target groups better, analyse their competitors and encounter critical questions and thoughts. And they learn from the mentors and experts in workshops and individual sessions. In short, they test their businesses all the time.
These are ideal framework conditions for investors. Such a program reduces the risks and increases the chances of a breakthrough. The start-ups were in regular contact with curious companies evaluating a cooperation and investors looking for an investment opportunity. As a result, initial cooperations and contracts have been signed, especially after the Demo Day and CV VC’s exclusive CV Circle Investor Night at the Dolder Grand in Zurich. All startups are now preparing their next financing rounds, from $500,000 to $2 million with valuations hitting $10 million.
The success of our first incubation program reflects the comeback of established investors in the world of blockchain technology. After the ICO hype with unrealistic and sometimes fraudulent business models, investors are looking for sustainable and solid opportunities either through direct investments or through experienced venture capital companies close to the ecosystem and the blockchain related startups.
The first incubation program in Crypto Valley was a success with many happy faces among the startup entrepreneurs and international investors. Now we are looking forward to our winter batch –applications are already open!