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The Metaverse Thesis
In 2015-2016 I was raising a fund for Boost VC. That fund was a “Blockchain and Virtual Reality Fund,” which looking back was fairly prophetic.
For the record, this fund was nearly impossible to raise. Raising for either Crypto or VR in 2016 was hard, raising for both was stupid. I met with 300+ investors, and eventually closed the fund. Looking back… we really stacked the odds against ourselves but also proud we pulled it off.
I had no idea that the two technologies would over-lap. We were just interested in future tech, and saw talented communities emerging from both of these technologies. We went after both aggressively. To date we have invested in 100+ crypto startups, and 70+ VR startups.
Long story short, we were the first Metaverse fund without calling it the Metaverse.
Today, we want to double down, and lean into the Metaverse. Our thesis is simple:
The internet needs ownership
The internet needs immersion
I would like to find 3D artists/developers who are working at the intersection of ownership and immersion. I think there will be enormous breakthroughs as these digital technologies become more intertwined over time.
If you know anyone, or you are them, Boost VC invests $500k in Sci-Fi Tech: www.boost.vc/apply