Adam Torres and Jalak Jobanputra discuss venture capital.
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Show Notes:
The world of venture capital is constantly changing as new investment opportunities and technologies arise. In this episode, Adam Torres and Jalak Jobanputra, Founder and Managing Partner at Future\Perfect Ventures, explore the future of venture capital and the new book Jalak will be launching with Mission Matters.
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About Future\Perfect Ventures
Future\Perfect Ventures is an early stage venture fund that invests in next generation technology. We imagine a world where current constraints and borders disappear through technology enabled connectivity. Where all 7 billion people in the world have equal access to information and services, so that all human potential can be unleashed to create a better world. We are investing in companies building technology that will be game-changing, ubiquitous and indispensable. Our team has a strong track record of identifying and building next generation companies globally. Our portfolio companies include: Abra, Andela, BitPesa, Maven, The Muse, Civic, Everledger, Carbon, Blockchain, Blockstream, Current, Blockcypher, Fuse Machines, Open Garden, and more.
Full Unedited Transcript
Hey, I’d like to welcome you to another episode of Mission Matters. My name is Adam Torres, and if you’d like to apply to be a guest in the show, Just head on over to mission matters.com and click on Be Our Guest to Apply. All right, so today is a very special episode. We have Jaic Joe Ra on the Line, who I’m proud to announce is an author, one of our upcoming books.
And JAIC is also a founder and managing partner over at Future Perfect Ventures. First off, hey Jaic, I just wanna say welcome to the show. Thanks. It’s great to talk to you, Adam. Alright. Yeah, I’ve been for everybody watching this, you don’t know, I’ve been trying to get on Angelics schedule for a long time.
Hunting Earth Down. I’m like, no, you’re coming on the show. We’re gonna have some fun. So I’m, I’m excited to pick your brain today and really get into the overall topic too. So how investment impacts technology and learn more about Future Perfect Ventures. We gotta talk about the upcoming book we got, we got a lot to cover, but we’ll We’ll start this episode the way that we start them all with what we like to call our mission matters minute.
So Jaic, we at Mission Matters. We amplify stories for entrepreneurs, executives, and experts. That’s our mission. Jaic. What mission matters to you? Well, the mission that matters the most to me, and one of the reasons I started Future Perfect Ventures al almost 10 years ago now is that I believe that we can create a better world if we allow everyone in the world to participate with their unique talents.
And and that’s why. We focus on investments in, in our case and technology that that allows everyone to participate in the global economy. Yeah, it’s great and, and love bringing mission-based entrepreneurs and executives on the show to share, you know, why they do what they do, how they’re doing it, and really what we can all gain from and learn from, I should say, their journey and mission.
So, great having you on and as you said almost 10 years now. I know time flies when you’re found in a business, right? Sure. It’s never boring. I wanna, I, I like to intentionally start a little bit further back because sometimes it’s easy for for, you know, entrepreneurs or would be entrepreneurs or just getting started to look at somebody and see where they’re at and just say, you know, well, they, they’ve always been there, all these other things.
But we know, we know the true story and all the battle warn entrepreneurs out there also know that there’s ups and downs and everything in between. So maybe let’s just start a little bit. Further back in, in your career? Like, like how did you get started on this path? Well, if I go way back when I grew up, I thought I was going to be a writer.
I applied to college as an English major. I was very kind of creative growing up. Never thought that I would end up in finance. But in college I. Was kind of dared by, by one of my freshman room not roommates, but hallmates to, to take an economics class. And, and I, I was very green.
I were immigrants. I went to public school and, and rural New Jersey. So we had. Kind of very basic, you know, English, math. Mm-hmm. Then we didn’t have physics, but we had no economics classes. I hadn’t been exposed to what economics was. And so he was, I, I was intrigued by it and he, he just thought it was kind of cute and so I signed up for the class and I discovered, I.
I loved it, you know, these supply and demand curves, and we all know, and I know many years later that you can’t rely on those. But it just seemed to make a lot of sense on, on how, you know, behavior works around money and, and so I just became, Really interested in, in, in doing something within finance and business, which I never thought I would.
And but always had a goal. And one of the reasons I wanted to be a writer was exactly what you’re doing is amplifying stories. And I thought that was a great way to make an impact. And this was all pre-internet. This was 1990. I’m gonna age myself. What I realized is that, you know, I found this tool, which is, which is business and economics that could be combined with my passion for impact.
And, and that’s really what my career’s been about. And so I went into investment banking in, in 1994 in New York and London. And was focused on technology and telecom and, and media mergers and acquisitions. The Netscape i p o happened in 1995, which was, you know, one of those transformative moments where you’re just looking at the screen and saying, you know, wow.
Stock is just, you know, I mean, these bankers that I’d worked with for so many years had never seen anything like it. And, and obviously it was really about the potential of this new medium. And, and while there was financial potential in it, there, to me you know, the what could be created out of the internet was, was mind boggling.
You know, better access to education, you know? Mm-hmm. Any information at anyone’s fingertips. And we know that 1995 internet was clunky. Certainly most of the world did not have access to it. Certainly people in, you know, Kenya and India and all these regions I was from. But my mind went automatically to what the future could hold, and that was really the beginning of, of my career.
And I’d say future Perfect Ventures. Mm-hmm. Is the culmination of kinda all that passion, all these experiences. And I created an entity that takes all of that into account because I didn’t see one out there. Yeah, what, what a great story. And I didn’t, and so it’s so funny, I, I hear these stories pretty often where somebody started off in a, on a certain path, maybe on a more, what they felt was a more creative venture like yourself.
You mentioned writing and then you’re like, well, wait a minute. Business and wait economics and you get drug in. Same thing with me. I was an artist, so I mean, that’s how I spent all my hours growing up. And then I, you know, kind of discovered the finance side and. And I was in finance for almost 14 years after that, and now I’ve, so it’s just, it’s interesting how, you know, when we’re, when we’re getting started on something, like how all of these experiences kind of build on each other in order to take us in the direction that we feel we’re supposed to be going on or that we wanna go on, right?
Mm-hmm. But I feel like finding that mission and figuring things out, like it’s a, it’s a journey for sure, and it’s an evolving process. Are there some things that you’ve kind of either leaned on or found helpful in the way as you kind of, I mean, nobody’s a finished product. We’re all, you know, growing and evolving still, but I just mean in general.
Are there, are there some things that you’ve found that kind of have helped you along the way when it comes to kind of realizing your mission? I. Well, I’ve always been a little bit ahead of the curve, which mm-hmm. A lot of entrepreneurs are. Right. Almost every entrepreneur is who really makes an impact.
Mm-hmm. Started off with most people thinking that they were a little crazy. And that’s certainly. You know, happened when I started my fund or when I was talking about impact investing, you know, when I was at Wharton in, in 1990 and, and talking about my passion around using investment to create. I mean, that certainly was not something that, and especially just to highlight that for a moment now, now it’s common and people say it or E s G or all these other terms.
But when you were doing, you’re truly a pioneer in the firm I had, I had to bring that out just so people understand for context, you were truly a pioneer for saying that. Yeah. And, and even 10 years ago when I started the fund, it was I started at Solo as, as a woman, very few especially then female founded venture capital firms.
Mm-hmm. Very few solo. You know single general partner funds. And then I had decided, and we’ll get to this, but to invest in blockchain crypto artificial intelligence, i o t. So these areas that were still very nascent 10 years ago. And so that added another layer of, you know, gosh, can I make this harder for myself?
So I think getting back to your question, your words, not mine, but I, I like challenges. What can I say? I take those dares and I run with ’em. So what’s really helped me is, is having that mission and that North star and believing that there can be a better world and that you know, there are tools that can be used to create a better world.
And, and I have a vision for that and I have unique experiences, and I believe every single person out there has their own unique blend of experiences. That they can apply and, and, and whatever that North Star is, whatever that mission is like I. You know, when, when people are telling you it’s impossible or that no one’s done it before, and certainly no one has done what they’ve done and, and built.
And, and this is, you know, true worldwide. You just have to reach down to, you know, your beliefs and, and believe in yourself. And certainly I have friends and people around me who, you know, believed in me. But I. If I hadn’t had that belief in myself, there’s no way I could have gotten this far.
Mm-hmm. So I, I would say, you know, being in touch with yourself, what drives you, what’s important to you and, and, and if you have a vision, I mean, that doesn’t mean that you don’t take input. And, you know, I’ve certainly had to. You know, scale back with the first fund. What I had raised, because it was such a unique story that no one had heard before, but I didn’t let that deter me and I kept going and I kept believing in this North Star.
So I, I, I think that is key. And, and helping me get to where I’m. Now you mentioned staying ahead of the curve and especially technology as, as many entrepreneurs do. I, I’m on the other end of the spectrum. I’m like, I go out to be an entrepreneur and I’m like, oh, books book publishing. That’s very new, right?
I’m, I’m a little bit more on the, on the old. School side for the products I’ve done. I don’t, I’m not claiming that I understand all technology, but I, I, I get it. But but and this is why I love bringing individuals like yourself on, ’cause it’s like free consulting. I don’t know. So. I’m curious especially you know, let’s say into the ear, in the early days, into the, into even now blockchain, crypto, like lot of different ways you could have stayed on the cutting edge in terms of technology, lot of developments.
Why did you choose some of these areas to focus on? Yeah, so around 2013 I had kind of taken a look around me and, and realized, There weren’t any venture funds. You know, early stage when you’re investing in, in three to five people that were investing globally with the global network that I had built over the years.
Mm-hmm. And I just, you know, I feel like in a post covid world, this is very obvious and but back then, venture capitalists were very focused on their own regions. And when I started my venture career in, in 99 out in Silicon Valley People would just not even leave the Valley to invest for, you know, New York.
I, I moved to New York in, in 2004 because I, I thought there was opportunity in New York. It’s growing tech ecosystem and, and the valley, you know, VCs I talked to, and when I told them I was doing that, a lot of them. I thought my career would be dead to move to New York. And that sounds a little crazy when think about it right now, like York technology ecosystem.
But that wasn’t that long ago. Yeah. So venture is, is you know, transforming very, and, and I’d say over the last 20 years has transformed. Very much so, but, but still there was, there was room for evolution. And, and, So I’d already thought about a global thesis and, and I was thinking of all the internet connectivity that the world had.
Mm-hmm. You know, as opposed to 1995 as. People have smartphones, you know, the cost of smartphones, these semiconductor chips in these smartphones. And being at Intel, I had invested in, in the semiconductor industry and, and Andy Grove was still very active at Intel, was really lucky to be there at a time when he was there.
And, and so I knew how important all this processing power was to the applications and how people could use it. Mm-hmm. And that’s where artificial intelligence came in as part of my thesis that, you know, you have all this data being created, well, it has to be analyzed and, and computers and, and processing power can help analyze all this data mm-hmm.
Quicker. To me the missing piece was okay, we, we have. All this data, we have these analytics that are getting better and better. How can we transact with this data? How can this data be exchanged in a secure way? Mm-hmm. And, and we hear about all these data hacks happening. You know, I just, you know, got another letter from a healthcare provider.
You know, our, our data’s being sold on the dark web for especially our healthcare data or financial data. Mm-hmm. You know, there’s just been so many hacks and, and so when I was starting to explore, Cybersecurity encryption as part of the thesis. I went to a Bitcoin conference. I didn’t know a lot about it.
Other than, you know, it was this passionate community. Mm-hmm. Self-sovereign currency. So I went in with a very much an open mind. I met some of the most brilliant people I’ve ever met in my life. These developers and also these people who are passionate. About the same thing I was passionate about and am passionate about, which is creating a more equitable world, more access for everyone.
That’s why I got into the internet, you know, where I saw access to education and information. Well, when I started digging into Bitcoin and the underlying blockchain technology it allows for. Bitcoin’s example, Bitcoin currency to be transacted with without a bank. And the reason they can do that is a network of computers.
And this would not have been possible, you know, 20 years ago without the processing power we have now with computers. Mm-hmm. But computers verify transactions and, and they’re held on a ledger. That is highly secure because it’s distributed. It doesn’t sit in one server or one place. Mm-hmm. So I started thinking about, you know, why is so much of the world unbanked right now?
Mm-hmm. Or it’s gotten better. But it’s because banks don’t have the resources to, you know, open up branches in rural parts of Africa Yeah. And Asia, and it’s just, they. They’re, they know that there’s some growth there because the middle class is growing you know, outside of the west and, and very youthful populations outside of the west.
And, and so the future is really in a lot of these emerging markets and, and what I thought is like, you know, the quicker we can bring. These emerging markets into the global economy, the better it’s gonna be for all of us. Mm-hmm. And, and so this technology, you know, I started off thinking about the banking applications, but then it goes beyond that.
You know, we, we’ve now heard of NFTs where, you know, creators can sell directly to To their fans without involving, you know, intermediaries. Like, think about Uber drivers that Yeah. That, that they have to give Uber a 30% cut, you know, so we have all these intermediaries everywhere. Partly because that’s what needed to happen to, you know, for sure.
Marketplaces or these services. But you know, just like technology has, has changed a lot of how we interact. You know, the internet has changed a lot of the way we interact. Mobile phones have. So blockchain will do the same thing along with, you know, other technologies like artificial intelligence continued you know, evolving a, a processing power better semiconductors and.
Of things. So we have sensors, you know, in, in all our devices. Now we have smart homes and all of that is creating data. Now you want that data to be secure and you want to be able to transact with that data or, or interact with that data. So, so that was really, you know, it was very much to me a continuation of, of.
Evolution and it just evolution wasn’t gonna computing.
Centralized computing cannot handle all the data that’s been created. Mm-hmm. So, but, but we can also create more efficiencies and allow more people to participate if we distribute that computing power. And, you know, one, one more thing I’ve, you know, been talking for a bit now, but Bitcoin also introduced the concept of crypto incentives.
Mm-hmm. Each computer, which runs Bitcoin software. And it ha the software will rush to verify a transaction that that’s being broadcast along the network, whichever computer actually is able to solve that algorithm. And this is all without human intervention. It’s, it’s software, it’s computing power.
Mm-hmm. That computer. The owner of that computer as a reward, gets some Bitcoin. So, so the incentive there is you want the system to work because it, they’re rewarding you as it works. Mm-hmm. Right. So imagine with data, you know, right now we’ve been giving up our data to. Facebook and everyone. Yeah.
Right. And and for free. Yeah. And what we get, I mean, look, we have gotten something in return of course. Increasingly, of course, our user experience, a lot of things. Mm-hmm. Right? But increasingly we’re getting, you know, badly targeted ads, or our data’s being misused, it’s being sold without us permissioning it to be sold or, you know, maybe permission, but deep in, you know, we all sign off on, on, on those user agreements.
So now what if I could say, okay, well sure you can sell my data, but this is the price and this is my level of compensation that I would want for that. And, and, you know, we’re still a little bit far away from that world, but, you know. Mm-hmm. Just like, you know, but 20 years ago, we, who would’ve imagined the world we live in now?
Yeah. So Believe that the, that crypto economic model, these incentives that we can, you know, these micropayments we can make out, you know, to people will allow, you know, more people to truly participate will have better data as a result. Mm-hmm. And because people are incentivized to provide good data, and if it’s not verified as good data, they don’t get that reward.
Mm-hmm. That, that’s what we’re investing in these days, is how do we create that world where we can create the right incentives, the right rewards, you know, everyone will figure out a way to game it. But those are not the entrepreneurs we back, we back the entrepreneurs that share our vision that this technology can be used to create.
Yeah. A more equitable world where more people can participate in the economy. So you’ve talked a bit about, about, let’s just say the technology side and your investment thesis and you know, kind of what you’re, how you’re approaching solutions. On the technology side. I’m curious to hear on the, let’s just say on the founder side or on the company side, on the people component, if you will.
What do you look for in either the founders or company or executive team? Like how do you go about that part of your process in, in deciding whether or not you wanna go, you know, to the next step with a company in terms of an investment? Yeah. That, that’s such an important point here because as I mentioned, we’re investing in teams that are, you know, very small.
The market may not be fully defined. We know, may not know, especially in these really emerging new technologies, what the business models are going to be. You know, if I invest in an enterprise software company, Say a Salesforce, you know, it’s very obvious how they make money. Yeah. With a lot of these newer companies and newer technologies, we don’t know yet, but, but we are backing the founder that collectively we will figure that out.
But it’s really the founder that’s driving the company. So the, that is, you know, I’d say the most important piece of mm-hmm. Of the investment. Now we. Because we’re an early stage fund, we look at every investment has to have the potential for a 10 x at least return. Mm-hmm. You know, venture is very risky.
We go in early with investors capital. We wanna make sure that we. See the upside of, of that risk that we’re taking. Mm-hmm. So the last few years have been a little bit more challenging ’cause the valuations were very high. Right. We had a high public market valuations and that trickled down to to the earlier stage.
We weren’t as active over the last couple years because we didn’t see a path for a lot of the companies to get to that. Mm-hmm. So, so I, you know, while the entrepreneur is the most important piece, there are other factors, you know, that we look at in terms of, you know, the return profile. And that goes with the market potential.
Mm-hmm. Right? Do we think that there are gaps in the current market? Do we think, you know Microsoft would potentially acquire the company? Not every company is gonna go public. But when you invest early enough, you have more flexibility on how you’re gonna get that 10 x return. It doesn’t have to be a public exit.
It can be, you know, them building something that mm-hmm. It’s just not in the strategic. A current focus of, say, in Microsoft, but, but they know that they’ll need to have that technology, you know, five years down the road. So they’ll acquire that technology and that team. The other thing I’d say, going back to the founder is resilience.
That, and, and I alluded to it before when as an entrepreneur myself mm-hmm. I, I do think that’s been. One of the keys to our success. I mean, if you’re not resilient, if you’re not still around, you can’t be successful. And as you mentioned, you know, there are lots of ups and downs often within the same day, but certainly cycles.
And, and most entrepreneurs I know have you know, almost. Gone out of business or had to fund payroll. You know, personally, there have been so many times that you’re on the edge mm-hmm. As an entrepreneur. And some are just more prepared than others to, to be able to handle that. And, and we help, right?
We, I mean, I. You know, especially over the, the last year, and then crypto has been through so many cycles over the last 10 years. Mm-hmm. We, you know, I’ve taken calls in the middle of the night. I, so we very much view ourselves as partners, but at the end of the day, the entrepreneurs building the business and they need to have that resilience that, you know, belief in what they’re building to mm-hmm.
To be able to stick with it through cycles. Yeah, I can see that, especially in the, in the types of technologies that you’re investing in and different things. Like, it’s definitely staying ahead and, and the entrepreneurs that have the personality type to go into those things. I mean, I’m always impressed.
Because the amount of resiliency and the as as you mentioned, but also the ability to take that risk and to assemble those teams and to assemble your, your, you know, your leadership. ’cause it’s not just you, it’s the individuals that have, have signed on to go in that direction and believe in you.
Like I feel it takes a really special person to lead these types of companies, in my opinion. Mm-hmm. Absolutely. Absolutely. And sometimes that gets lost. You know, when you see movies like Social Network or, yeah. It seems like everyone’s doing it. I, you know, I always tell people that one is not doing that.
This is glamor. This is not a franchise glamor. This is not a franchise. This is a, this is creating something new in the marketplace, which is never easy. So I’m curious in today’s Mark, you mentioned, you know, the last, you know, being not seeing quite as much potential maybe in some of the, in the previous years, and just in general for your investment thesis.
Just curious, any trends that are currently going on that are, that are interesting to you or you’re like, oh, okay. We’re heading in the right direction. Just curious on what trends you see from your vantage point. Yeah, I, I have to say, you know regardless of what. You know, the broader macroeconomic environment is, I, I’ve never been more excited about our thesis and, and our portfolio.
Now within crypto and blockchain, there’s been a big regulatory crackdown in the US after F T X and, and the fraud associated with ftx. Mm-hmm.
We are, we’re in a very uncertain situation in the us mm-hmm. But we have a global thesis and while we are, you know, based in the us we mm-hmm. Have investments around the world and mm-hmm. And there are lots of jurisdictions around the world and the, the UK just in the last couple days has, you know, talked about how important the sector is, is to their future growth.
I’m headed off to, to Paris in a few weeks. And, and there’s a lot of developers building tech, web free technology, India. We have several investments Africa, you know, going back to my origins and what I was passionate about, you know, as, as a child and, and just seeing all of these areas of, of growth.
Now look, there have been lots of bad actors in the space, and, and of course, frankly, that’s why a lot of our investors invest with our fund. Mm-hmm. Because we’ve always believed and, and you know, that regulation, if the sector grows enough, you’re going to have to be regulated. And You know, fraud.
Well, it may be a good way to make a quick buck or, you know, if, if there’re, you know, we are, we’re in this to, to create more equity. And I actually believe that’s the way we’re, you know, gonna ultimately, and our investors are going to make money. You know, this is not a charity. But we also do believe that the return potential is, you know, even greater.
Than these people that are going in and out of the market and, and doing it in an unsavory way. So so I dobel I think regulatory clarity will be good for the sector. There, this conversation needed to happen and it’s gonna happen over the next six months to a year. And then, From a more technical standpoint this technology is, is primarily open source, which means the code is out there and entrepreneurs around the world can access that code and build on top of it.
Mm-hmm. And, and that means that, you know, smart people on the ground everywhere are, are building new applications. And, and so this vision of. Gosh, everyone has, you know, if someone is talented software development and they can create something that is good for their local market, you know that that takes off locally.
I think that’s a great thing. And we’re seeing, we’re seeing more and more of that. And as a VC obviously, like we believe that. You know, there are businesses that should take VC funding, but there are others that may not need it. And, and we still wanna see those entrepreneurs succeed and be able to build.
And, and so the cost of building in this sector has gone down significantly. And then, you know, the, the third thing is really the intersection of artificial intelligence and blockchain technology, which goes back to our. Thesis 10 years ago. Frankly, nobody really understood how that would work. You know, with what I described with data and the importance of analyzing the data and transacting with it, keeping data secure.
You know, we’ve seen through chat G B T over the last few how fascinated people are with interacting with, with.
While that’s great. There’s also been a proliferation of deep fakes and videos mm-hmm. That are you know, created by ai, but may not be true, but are, you know, being misrepresented. Mm-hmm. And if you think about, if we could track the provenance, Where that video came from, how it was created, the data that went into the creation of that video, which blockchain technology could conceivably do.
Mm-hmm. You can have more information on whether, you know, it was just an AI experiment or you know, whether, you know, you can almost score it as, yeah. This is valid. Now again, we’re not quite there yet, but there’s technology that’s been worked on over many years within blockchain sector, within encryption, within AI that can all come together.
So while you know, I think there’s a lot of people concern about AI and, and rightly so, and the data that’s being used to create it. I also think there are these new technologies. Mm-hmm. That can help us understand it better. And, and I do believe AI ultimately can help us, you know, mm-hmm. Do our jobs can, can kind of help again, educate, you know, create access to information, kind of like the internet on steroids, you know, it kind of is.
But it has to be we have to build the right applications and, and back entrepreneurs that are building those applications that can keep us all safe. Hmm. Yeah, I, well, I, I always love bringing individuals like yourself on the show ’cause you just solve problems for me. I wonder, I was wondering how that problems gonna be solved.
So when, you know, when all these fake videos are out there, there’s probably gonna be some type of score on the, you know, that that rates how likely it is that that was a real video. Okay. I’ll take it. Thank you. Now, now before the amount of people in technology and what that does to, to make that happen, that’s your end of the bargain.
Me, I’m just gonna look for the score when it comes out and I’m be like, ah, J Luck told me about that five, 10 years ago. I knew that was gonna happen. Hopefully it’ll be 10. Hopefully it’ll be sooner than that. Oh, so good. So good. Well I do wanna spend a moment or so talking about the upcoming book.
We’re not gonna go too far into it ’cause it’s not out yet. And when and when it’s all out and everything else like that. We’ll we’re gonna bring you back on the show to do what we call a book launch interview and we’re gonna, you know, big old celebration there, but just keeping it super high level.
What are some of the things that you hope to present in the upcoming book? Well, I get asked all the time, you know, how were you, how did you see the internet? You know, and then you saw blockchain technology and you know, it’s, it’s been a career of always spotting what’s next. Looking at the emerging markets business models that we’re gonna transfer from emerging markets to the US and, and often, you know, it was five, 10 years before the rest of the world.
Started writing about it. Attention to.
A framework of, of the way, you know, what’s allowed me, what’s enabled me to not only spot these kind of trends and investments, but but have the conviction and structure investments in a way where it can be a profitable investment, right? And you’re not just investing in a science experiment but you’re able to actually make money off of that early conviction.
Yeah, that’s great. I’m gonna cut you off there ’cause you already know I have questions on questions, but that’s not today’s interview. We already, you already know. Well this is, first off, this has been great having you on the show. I’m glad I could finally get you on. Just have to ask, I mean, what’s next?
What’s next for you? What’s next for, for your firm? Yeah, we, we are scaling As I mentioned, I, I think, you know, the broader economic environment’s, very uncertain, but that’s really when early stage venture thrives. When, when, you know, every, I started the fund and, and what was a crypto winter? Mount Gox had just happened.
People said Bitcoin was dead. And what I, I just. Believe that that was actually the best time to start the fun when mm-hmm. When you know that people are creating great technology. Yeah. But the rest of the world has written it off. So I view the next, you know, five years as probably like the golden age of, of you know, our evolution and, and really where.
The thesis of all these technologies takes hold. And, and I think it’s, you know, broader market adoption and awareness. I mean, a lot. Brought it along. I think even you know, chat, G B T coming out and people interacting with ai, you know, helps in, in terms of a lot of the companies we’ve invested in.
So and, and, you know, globally we’re, we’re certainly seeing shifts from a geopolitical standpoint and, and all this uncertainty and shifting is actually again where the, when we have some of the best opportunities. So I’m really looking forward to, to what’s in store for Future Perfect Ventures.
Fantastic. If somebody’s watching, they’re listening to this and they wanna continue to follow your journey in Future Perfect Ventures what’s the best way for them to do that? Sure, I’m, I’m quite easy to find I in the first name club in Twitter, so at Jaic, J A L A K. I’m also on LinkedIn. Respond to messages there and our website where you can see our portfolio and more background on these at future Perfect ventures.com.
Fantastic. And we’ll put all that information in the show notes so that our audience can just click on the links and head right on over. And speaking to the audience, if this is your first time with Mission Matters or engaging in an episode or listening to one, we’re all about bringing on business owners, entrepreneurs and executives, and having them share their mission, the reason behind their mission, really, like what are they doing out there in the marketplace that they feel is gonna make a difference?
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Really just wanna say thank you for making some time for so good having you on the show. Can’t wait till the next time we get to do this. Yeah, I’m looking forward to it. Thanks so much, Adam.
