One of the Apple co-founders Steven Wozniak is entering the Blockchain & Cryptocurrency industry. The move is being hailed in the entire blockchain community as an encouraging sign which other tech billionaires will follow. Steven has joined EQUI Global which is a blockchain based venture capital fund. He is joining the organisation as a co-founder & will be taking on the responsibility to find the next big thing among the budding technology companies.
This is a major development as Steven himself said that he receives multiple business pitches every week although he has never invested or become part of a company after Apple, however, EQUI has a business model & vision that convinced him to be part of the game-changer initiative. EQUI is looking at 20 proposals from different companies to shortlist & mentor.
EQUI is founded by Baroness Michelle Mone & Douglass Barrowman in 2017 they have already announced the development Aston Plaza & Residences in Dubai worth $325 million being undertaken via their private equity firm Aston ventures. The project has already sold 50 apartments for Bitcoins.
The focus of the EQUI fund will be tech investments & non-institutional investments. although a 20% share of the fund will also be assigned to traditional assets like real estate & investment collectables. The unique process of buying EQUITokens for investing in the fund will be making the entire process of investing more transparent for smaller, non-institutional investors. The tokens would be easily exchanged on cryptocurrency exchanges world for liquidity of invested value.
Steven Wozniak has backed the firm as it can introduce a completely new business methodology of venture capitalism based on blockchain technology & hopes to assist in the growth of the project.