Is gumi Cryptos Capital a game fund?
No. This is probably the biggest misconception about gCC. gCC is an early stage Venture Capital fund with a blockchain thesis. We invest and diversify across all layers of the stack.
As a blockchain focused VC are you interested in gaming?
Yes. When we look at applications we tend to look towards two vertical areas, Financial Services and Gaming. The rest of our investments tend to be more horizontal/platform oriented.
Do you lead investment rounds?
What is your average check size?
We tend to write checks of $250k USD to $1M USD.
What stage of company do you invest in?
We tend to invest in friends and family, first institutional, pre-seed, seed, and pre-A rounds. Occasionally we will invest in Series A.
Do you have a geographic focus?
While we are free to invest globally (and we have), we prefer to invest in the San Francisco Bay area where 3 of our four investment professionals live and work.
Isn’t gumi Cryptos Capital a “Japan Fund”?
We have made investments in Japan and we are a Japan domiciled fund. But since our strategic value for some of our portfolio companies is to bring them to Japan and help them navigate doing business there, we tend to prefer to invest outside of Japan.
Are you actively deploying capital?
Yes, we are fortunate to have launched our fund after the big bitcoin bubble and to have denominated our fund in USD. This means we continue to have liquidity and the ability to be bold when others are fearful.
How fast can you move?
We have a total of 4 investment professionals managing the fund, so we have the ability to move fast. The slowest factor is generally gaining conviction. There’s no specific timeline for conviction. After conviction, things move more quickly.
What’s your view of the value of blockchain?
We are Venture Capital investors, so we are looking for the 10x improvement areas for blockchain. We think that applications where value is stored, operated on or transmitted are the killer applications for blockchain. Applications that only affect data (and not value) compete against decades of mature Internet protocols and open source software and therefore are less likely to be able to create venture-class growth companies.