Interview with Featured Pledgecamp Advisor: Ed Kim, General Partner at CryptoLux Capital
Pledgecamp has a number of notable advisors who have helped scale organizations across the media, software, and blockchain markets. Here is our introduction and testimonial video of Pledgecamp advisor, Ed Kim — General Partner at CryptoLux Capital, the premiere hedge fund of funds focused exclusively on cryptocurrencies and digital assets. Ed was also on the founding team of the FLP crypto-token, one of the first companies to ICO (~30M) as VP of Business Development.
I’m bullish on crypto. Crypto is very much an asset that I think many people will start using and diversifying into. Essentially, what you want to look for is a strong team, you want a team that has a track record, you’re looking for strong teams that can actually execute, and that understand how to create value for the token and how to utilize it properly within their application or service.
There’s a number of issues that this platform solves. The Pledgecamp product solves, I mean. Crowdfunding is very much a scenario where there’s a trust issue. Where for example, the people supporting the project, they want to make sure that whoever they’re supporting actually executes. A blockchain really solves that. Having smart contracts, essentially programmable rules, that are in place. It makes it so that everything is automatic where users don’t have to actually worry about ‘will the other side deliver or not’ because it’s all done via smart contract. If that is addressed, what you’re gonna see is people using the platform and it growing.
Taking a step back, my business partner on this I went to business school with him, he took a traditional banking route. He worked at Morgan Stanley and Credit Suisse. What we noticed was that there wasn’t a service that was out there for us, so we decided let’s create a fund to address this. Bitcoin can be volatile and so. Bitcoin and altcoins and so for us, we decided a hedge fund of funds would be the best route to address the risk.
What I know is entrepreneurship and creating things are what drives the world. So, crowdfunding allows anyone with a good idea to actually produce that product and bring it to market.
Learn more about Pledgecamp’s other advisors by watching our YouTube video interviews and/or reading this blog post introducing them.
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