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From YouTube: FinLabs EOS VC Investment Thesis, Portfolio Companies, and How They're Supporting EOS/EOSIO Adoption
Description
On this week’s podcast, we welcome Stefan Schütze, board member at FinLab AG. FinLab AG is a publicly traded company that operates as a venture capital firm investing in fintech start up companies. FinLab is also the manager of a $100m EOS VC investment fund, which exclusively invests in projects utilizing EOS and EOSIO technology.
Timestamps:
00:1:00 - Intro
00:7:30 - EOSIO investment criteria
00:16:00 - How FinLab finds portfolio companies
00:31:00 - Collaboration Between Projects
00:40:30 - How did B1 find FinLab AG?
00:46:00 - Investing in DeFi
00:54:00 - Investment Thesis and Looking forward to 2021
Read more about some of FinLab’s recent investments
https://www.voice.com/post/@langwenya/eoswriter-insights-into-eos-vc-fund-partner-finlab-ags-investment-strategy-1600291498-1
Stefan Schütze
FinLab AG - Board Member
www.finlab.de
https://twitter.com/stefan_schuetze
Chaney Moore
Cryptowriter - CBO
www.writer.io
https://twitter.com/moore_chaney
Zack Gall
Everything EOS - Host
LiquidApps.io - Head of Community
https://twitter.com/blockchainzack
*****************
https://www.EverythingEOS.io
https://youtube.com/c/Everything_EOS
http://t.me/Everything_EOS
https://anchor.fm/everythingeos
https://itunes.apple.com/us/podcast/everything-eos/id1434560651?mt=2
A
Welcome
back
to
everything,
eos
the
longest
running
eos
podcast,
I'm
here
with
my
partner
in
crime,
cheney,
moore
from
crypto,
raider,
eos
raider,
I
and
I
we
have
our
second
guest
from
our
eos
vc
series.
We
interviewed
a
galaxy
digital
about
a
month
ago,
we're
here
with
stefan
from
finlab
ag.
Finlab
ag
is
a
publicly
traded
company
on
the
german
stock
market
they're.
Also,
the
fund
managers
of
the
hundred
million
dollar
eos
vc
fund.
What's
up,
stefan
thanks
for
joining
us.
B
A
C
B
Yeah,
so
my
name
is,
as
you
mentioned,
stefans
and
the
last
name
is.
This
is
pretty
pretty
awful
to
pronounce
when
you're,
not
from
germany.
Here,
though,
stefan
schultz
is
my
full
name:
yeah,
I'm
48
years
old
based
in
frankfurt
right
now.
I
started
my
career
just
in
january
2000.
So
a
couple
years
ago
in
berlin,
I
work
for
a
venture
capital
company
based
in
berlin,
so
I'm
more
or
less
than
more
than
20
years
active
in
a
start-up
business
start-up
ecosystem.
B
After
a
couple
of
years
in
berlin,
I
moved
to
frankfurt
and
worked
for
an
asset
manager
and
after
a
couple
of
years
we
renamed
this
company
into
finlab
ag
and
since
2013,
exactly
as
you
mentioned,
I'm
the
board
member
with
my
colleague
run.
So
one
and
myself
are
the
managing
directors
board
members,
so
to
speak
for
finlab
ag
and
in
2014
we
also
changed
the
strategy
of
finlab
and
was
focusing
totally
on
fintech
startup
companies.
B
So
before,
as
I
mentioned,
it
was
more
like
a
asset
management
company,
so
we
invested
in
different
kind
of
assets,
not
only
not
only
startups,
not
only
fintech,
but
in
2014.
We
said.
Okay,
there
is
a
good
opportunity,
great
opportunity,
I'm
on
the
startup
business
since
years.
One
is
the
finance
guy
with
our
company,
so
he's
a
cfo.
C
B
And
numbers
which
is
also
good
to
know,
and
that
you
have
something
on
your
on
your
side,
that
he's
looking
on
the
on
the
financials
so
and
then
we
have
our
team
with
me.
I
think
something
they
are
also
active
on
twitter
or
linkedin,
max
teo,
nico
and
davis,
so
v6
together,
a
more
or
less
investment
team
at
finlab.
B
We
have,
of
course,
more
stuff
and
more
members
in
front
of
this
desk
assistance,
hr,
bookkeeping
and
so
on,
but
the
investment
team
is
these:
are
these
six
six
members
as
and
one
myself
are
also
very
active
and
very
different
wolves
and
all
these
companies
yeah
and
how
I
find
finland
I
didn't
find
fiddle
up
as
I
find
miso
to
speak,
and
I
worked
for
finland
for
years
and
hopefully
yeah.
We
had
very
good
success
with
our
printec
portfolio
and
beside
our
pure
fintech
business
that
we
have
on
finlab
ig.
B
We
have
also
a
very
relatively
mature
as
a
management
business,
and
this
as
a
management
business
means
we
managing
different
external
funds.
So
in
one
of
these
external
fund
is
the
eos
or
finlab
heroes
vc
europe
1
fund.
We
have
set
up
in
2018
so
and
besides
our
finlab
eocc
fund,
we
have
also
heliad
under
management.
We
have
patiai
under
management.
All
these
are
fund
mandates.
We
have
so
finlab
is
so
to
speak
in
hybrid
venture
capital
company.
B
So
we're
not
only
investing
with
our
money,
our
own
money
on
our
own
balance
sheet
in
fintech
startup
companies.
We
also
managing
different
funds,
and
so
it's
it's
yeah.
It's
it's
a
special
special
company.
I
would
say
it's
not
you
you're,
pure
startup
company,
not
pure
asset
management
company.
It's
something
in
between.
As
you
mentioned,
we
are
stock
listed
privately
publicly
stock
listed
on
frankfurt
in
a
domestic
market.
So
when
you
want
to
invest
in
finland,
you
can
buy
our
share.
Of
course,
it's
totally
possible.
C
So
that's
good
zach
had
shared
something
with
me
earlier
about
how
finn
lab
works
out,
and
you
know:
there's
things
that
you're
an
active
investor
in
there's
things
you're
a
general
partner
in
there's
the
things
you're
a
multi-manager
in
and
then
you
have
the
fund
manager
where
you're
the
usbc
fund,
as
a
fund
manager.
Does.
C
Let
me
ask
this
question
because
I
don't
I
don't
know
did
were
you
were
you
essentially
said
given
access
to
a
hundred
million
dollars
and
then
that's
how
you
go
out
and
you
use
that
money
to
to
find
potential
projects
that
would
use
the
osio
or
or
do
you
put
some
of
your
money
in
there
and
manage
the
combined
funds
or
are
you
taking
maybe
a
a
management
fee
on
on?
How
does
that?
How
does
that
all
work
out?
Yeah.
B
First
of
all,
first
of
all,
the
phillip
asvc
fund
is
a
partnership
between
phillip
ag
and
blog
one.
So
both
are
limited
partners.
Finlab
has
invested
in
this
fund,
so
we
have
our
own
money,
invested
and
block.
One
has
invested
in
this
fund,
of
course,
a
little
bit
larger
ticket
than
finlab,
that's
for
sure,
and
and
we
get
a
management
fee
from
from
the
fund.
B
It's
yeah,
it's
not
a
grand
program
and
it's
not
a
donation
program,
because
sometimes
people
reached
out
and
send
it
over
some
really
nice
projects
on
eos,
io
or
eos
right,
but
the
business
plan
was
not
sustainable
or
it
was
not
clear
how
they
can
earn
money
with
this
project,
and
then
sometimes
I
read
it
on
twitter.
We
got
blamed
that,
oh
you
don't
have.
Invest
in
these
companies,
these
guys
are
so
awesome.
They
are
such
a
great
eos
project,
usio
project
and
you
didn't
invest.
B
Why
do
you
reject
this
company
to
understand?
What
we
are
doing
is
that
we
are
typically
venture
capital
fund,
like
any
others
outside
in
a
startup
ecosystem,
so
we
perform
our
technical,
legal,
financial
due
diligence
when
we
got
a
product,
a
project
on
our
table
and
the
first
criteria
is
always,
of
course,
is
this
a
project
that
utilize
the
eosio
blockchain
solution,
or
is
it
something
which
has
a
relation
to
eos?
It
is
our
first
main
criteria.
B
It
is
also
written
in
our
lpa
agreement,
so
we
have
agreed
this
blog
one
when
we
set
up
the
fund
2018
that
the
main
criteria,
of
course,
is
that
we
invest
money
in
companies
which
utilize
eosio
or
has
something
to
do
with
eos.
So
when
we
look
at
the
companies
we
got
on
our
table,
of
course.
The
first
thing
is:
is
this
ears?
This
is
not
u.s.
If
it's
not
us,
we
cannot
invest
in
if
it's
a
eus
project
or
maybe
they
want
to
swap
to
eos
eosio
in
the
near
future.
B
We
look
deeper
into
the
materials
and
then
we
perform
our
diligence,
and
that
means
also
we
look
very,
very
intensive
in
a
business
plan
and
sometimes
yeah.
It's
happened
in
a
venture
business
that
you
get
more
more
project
on
table
that
you
invest
in
afterwards,
that
we
have
to
reject
a
project
which
is
not
sustainable,
even
even
if
we
like,
maybe
the
project
or
we
like
the
management
team
or
the
founder
team
speaker
and
say:
okay,
oh
great,
founder
team,
great
project,
it
is
on
asio.
B
But
how
will
you
earn
money
because
we
cannot
donate
our
money
as
we
are
publicly
listed
company,
as
you
mentioned,
and
our
shareholders
are
waiting
return
of,
invest
when
we
invest
money
and
block
one
did
also.
So
let
us
think
just
to
make
it
clear
here,
because
sometimes
I
I
read
it
on
twitter
that
that
there
was
some
criticism.
Why
you
have
not
invested
in
these
companies
these
companies?
It
was
great
companies,
great
projects.
B
No,
you
cannot
invest
in
companies
that
don't
have
a
sustainable
business
plan
and
as
we
are
not
a
donation
or
grant
program
block
one,
as
you
know,
in
2019.
I
think
they
started
some
kind
of
a
donation
program
yeah
so
where
they
invested
50k
in
in
companies.
It
was
purely
donation,
of
course,
also
investment
on
purpose
that
they
want
to
see,
there's
also
in
return
of
investment.
But
when
you
invest
50k,
you
know.
Okay,
this
is
money.
They
cannot
bring
the
company
to
success
immediately
yeah
they
need
more
than
the
50k.
B
When
we
invest.
Basically,
we
invest
a
seven
figure
amount,
sometimes
with
school
investors,
sometimes
as
a
lead
investor.
We
definitely
want
to
see
a
return
of
invest
and,
as
you
also
know,
in
a
venture
capital
space,
not
every
portfolio
company
will
reach
the
goal
line
or
the
have
success
at
the
end.
But
our
aim
or
goal
is
always
to
find
a
company
which
has
the
potential
to
pay
us
back,
not
only
the
money,
the
a
relatively
higher
return,
because
we
invest
in
very
early
stage.
B
Companies
yeah
and
as
fidlab
ag
is
early
stage
or,
I
would
say,
serious
a
pre-csa
investor.
We
have
the
same
approach
for
our
finlab
esvc
fund,
so
you
know
galaxy
think
galaxy
invested
more
in
bigger
tickets,
bigger
companies
we
have
invested
in
smaller,
more
early
stage,
csa
preseason,
sometimes
seed
phase
companies,
which
is
a
big
difference.
So
you
you
don't
know
exactly
when
you
invest.
C
Hey
and
I
want
to
just
put
out
there
for
for
you
and
our
listeners
a
little
bit
that
you
know
we
have
have
reviewed
a
lot
of
of
the
projects
that
you've
you've
invested
in
and
to
maybe
allay
some
of
what
you're
hearing
on
twitter
in
other
places,
really
finn
lab
has
done
an
excellent
job.
I
was
just.
C
C
A
A
It
just
seemed
like
there
were
a
lot
of
investments
that
weren't
even
touching
eos
io,
like
let
alone
eos,
which
is
the
whole
separate
thing.
But
I
I
appreciate
the
the
first
criteria
you
stated
was:
does
it
utilize
eos
or
eosio?
Like
that's
pretty
much?
The
first
thing
you
check
off
your
list,
and
I
also
want
to
highlight
two
notable
projects
that
are
running
today
on
eos
mainnet
or
supporting
it
in
case
of
wombat
is
spielworx,
which
is
the
developers
behind
the
wombat
wallet,
which
is
one
of
the
easiest
onboarding
tools
for
the
eos
mainnet.
A
It
offers
free
eos
accounts
where
you
can
basically
pay
for
your
private
keys
afterwards,
and
then
the
other
project
is
upland,
which
is
completely
running
on
the
eos
main
net
and
the
they're
in
the
app
store
and
the
end
users.
Don't
even
know
they're
using
a
blockchain
and
those
are
two
really
great
projects,
and
I
wish
that
we
would
see
more
like
that
from
the
other
eos
vcs
and
I'm
sure
there's
more
in
the
works
like
that
with
you
guys.
A
B
Thanks
thanks
thanks
thanks
for
that,
and
we
appreciate
that
you
you,
you
see
this
here
and
definitely
our
our
goal.
Our
our
mission,
our
investment
thesis,
was
from
the
beginning
to
find
projects
with
utilize
usao,
and
we
know
these
companies
are
early
stage
companies
and
sometimes
they
have
a
delay
in
their
business
models.
They
have
a
delay
in
building
something
on
the
blockchain
yeah.
We
know
this,
and
also
some
companies
we
have
invested
in
are
more
b2b
business
companies
which
are
not
active
on
social
media.
B
So,
for
example,
aksum
aksum
is
dealing
with
the
larger
enterprises
here
in
germany
or
in
the
eu.
So
but
axon
is
not
so
active
on
twitter
linked
and
you
don't
find
them
there.
So
sometimes
people
ask
me:
oh
you
have
invested
in
companies,
you
don't
see
or
they
are
disappeared
or
what
they
are
doing.
Then.
No,
not
every
company
is
b2c
and
the
b2b
sector
and
the
sales
approach
or
the
approach
to
attract
customers
and
clients
is
totally
different
than
b2c
customers,
for
example,
upland,
as
you
mentioned
or
bombardier.
B
This
is
with
the
easy,
open,
eos
wallet
so,
but
also
sparrow
or
our
trading
platform
in
singapore.
They
I
think
they
will
go,
live
on
a
us
blockchain
in
I
think
q2
april
may
this
year,
with
their
smart
contracts
for
for
trading
purposes,
also
a
timeless.
This
is
the
company
gapless.
They
they
change
the
name
a
little
bit
more
and
timeless.
They
will
also
be
active
on
a
mainnet
and
spark.
C
A
A
B
Yeah,
as
as
you
said,
for
example,
upland,
I
think
upland
is
we
call
it
the
main
net
yeah,
because
it
doesn't,
they
have
more
transactions
than
the
eos
token
itself
yeah.
So
I
think
upland
is
the
most
or
the
best
performing
company
on
a
us
mainnet
and
the
protocol
works
pretty
well.
We
have
10k
daily
and
30k
monthly,
active
users
so
far
and
they
are
supportive
without
any
problem.
B
So
the
the
blockchain
solution
is
perfectly
working
so
as
they
have
no
problems
with
the
solution,
so
they
don't
have
any
complaint
about
it
and
it's
not
only
the
the
best,
I
would
say
eosio
company
in
the
portfolio
because
they
was
built
on
eosio
from
the
beginning,
and
they
are
also
the
one
of
the
best
blockchain
games
outside
there
yeah
on
the
dealer.
You
can
see
it,
I
think
it's
it's
a
great
company
and
if
you
have
tried
it
so
far,
it's
also
fun.
B
Yeah,
I
think
they've
come
to
the
largest
game.
Definitely
in
the
blockchain
sector
and
yeah.
We
we
indicated
this
this
company
in
a
seat
phase
yeah.
So
there
was
seat
round.
When
you
asked
me
how
how
we
find
our
portfolio
companies.
Of
course,
there
are
different
ways
to
find
performing
companies
before
covet
19.
We
was
active
on
so
many
conferences
and
exhibitions.
Blockchain
exhibitions
where
we
yeah
looking
for
great
companies
which
maybe
can
be
yeah,
can
we
can
be
an
investment
target
for
us.
B
On
the
other
side,
we
got
so
many
projects.
We
are
our
info
at
finlab.e
email,
but
right
now
our
team
is
searching
the
sector
and
we
approaching
by
ourselves
companies
which
we
think
it's
it's
could
be
a
good
match
for
our
blockchain
fund,
and
so
yeah
gapless,
for
example,
is
a
company
we
have
identified.
Spielberg,
for
example,
is
one
of
from
my
network,
for
example.
Axon
is
from
our
network
gapless.
I
mentioned.
A
Some
cool
financial
products
that
press
releases
have
come
out
recently.
I
have
in
my
notes
here
if
you
could
just
share
a
little
bit
with
the
audience
of
like
a
high
level
of
what
they're
doing
and
maybe
even
how
they're
planning
to
use
eosio
algotrader
was
one
of
them
and
then
another
one
called
agora,
which
are
both
like
kind
of
like
financial
products.
You're
able
to
share
a
little
bit
of
information
about
what
they're
doing.
B
Yeah
agora,
agua
is
a
tokenization
platform,
will
tokenize
products
and
projects
on
an
eos
blockchain,
so
they
are
blockchain
agnostic.
Of
course
they
can
also
do
it
on
ethereum,
but
they
will
do
it
on
on
eosio
as
well
so
and
with
all
these
companies,
for
example,
also,
agora
and
and
and
I
would
trader,
we
have
agreed
installments
from
our
investment.
So
when
we
invest,
for
example,
we
invest
two
million.
We
basically
do
not
invest
the
full
amount
at
once.
So
basically
we
invest
one
million
at
once
because
they
need
to
to
start
that
project.
B
When
the
milestone
is
met,
then
we
pay
out
the
first
or
second
tranche
of
our
investment,
so
that
secures
us
a
bit
that
companies
come
that
to
us
and
say
hey.
Oh,
we
are
super
excited
of
from
from
eosio
and
we
want
to
bring
one
of
our
products
on
on
asio
and
then
blah
blah
blah
and
afterwards,
when
we
have
invested,
nothing
happened
right.
B
A
B
And
the
good
thing
is
for
the
eos
fund
and
for
the
investors
and
for
the
eos
community.
We
got
the
shares
already
in
full.
We
got
the
full
amount
of
shares
already,
so
we
calculate
the
valuation
of
this
company
as
they
have
already
achieved
or
produced
this
product
which
they
have
presented
in
their
sales
pitch.
As
we
say,
okay,
when
you
come
and
say:
okay,
we
are
worth,
for
example,
10
million.
B
Then
we
say:
okay,
let's
think
about.
Is
this
really
worth
10
million?
So
far?
Okay,
when
you
achieve
your
your
product,
you
have
mentioned
here
and
with
our
money,
then
we
believe
in
your
valuation,
but
we
will
not
pay
out
our
money
at
once.
So,
let's,
let's
arrange
some
milestones
and
these
milestones
are
not
super
high,
that
they
have
to
jump
okay,
but
they
never
can
can
reach.
So
it's
more
like
we
say:
okay,
it's
it's
related
to
the
business
plan
they
presented
to
us.
B
You
know
when
the
business
plan
was
say:
we
have
x-time
customers
in
q3
2020
or
we
have
x-time
this
and
q4
2021.
Then,
okay,
we
say:
let's
put
it
in
in
our
meister
agreement
and
when
you
reach
these
customers,
these
clients
or
when
you
have
this
achievement
in
your
product,
then
you
got
the
money.
If
not,
then
we
don't
pay
all
the
money.
B
So
far,
every
company
has
reached
the
milestones,
so
we
have
not
yet
any
company
which
has
failed
so
that
maybe
shows
that
the
mechanism
works
for
both
sides
for
us
and
for
the
startup
company
yeah.
So
that
is
our
investment
mechanism.
As
we
know
that
is
sometimes
it's
also.
We
have,
of
course.
Sometimes
you
need
some
kind
of
a
range
until
they
have
done
the
product,
because
you
know
solar
companies.
You
cannot
be
always
on
time.
I
cannot
say
okay
on
the
first
of
october,
then
you
are
done.
C
B
Yeah,
to
be
honest,
of
course,
when
we
started
our
fund,
the
first
question
was
always
from
the
summer
companies.
Can
we
have
access
to
the
tech
team
from
block
one
and
bloxburg,
of
course
yeah?
So
maybe
you
won't
have
your
money.
That's
that's
nice
that
you
invest
in
us,
but
can
you
also
give
us
access
to
the
tech
team,
and
that
is
of
course
not
in
any
case
possible,
because
then
there
was
overrun.
Of
course,
when
we
say
okay,
here's
an
open
line,
open
link.
You
can
send
over
any
questions.
B
You
have
then
the
tech
team
in
bloxburg,
I
think
they
get
overwhelmed
and
then
that
will
not
work
out.
So
we
have
a
contact
there
where
we
link
the
startup
in
which
we
invest
with
a
tech
guy
from
block
one,
and
if
they
have
specific
questions
which
really
is
specific
yeah
and
they
cannot
solve
it
by
themselves,
then
they
can
reach
out
and
can
ask
them
and
yeah.
Maybe
they
can
fix
it.
B
B
So
but
yeah
we
are,
we
are
close
to
our
portfolio
companies.
We
have
also
many
board
seats.
If
available,
we
get
a
board
seat
and
work
very
close
with
the
companies
with
some
companies
which
we
have
only
maybe
under
10,
maybe
have
only
five
or
six
percent.
We
are
more
passive.
Of
course,
we
are
not
the
active
investor,
then
yeah,
for
example,
in
next
big
singagi.
B
We
have
only
four
four
percent
right
now:
the
the
lead
investor
was
a
german
insurance
company,
one
of
the
largest
insurance
companies
in
the
eu
or
not
even
worldwide.
So
talents
group
is
invested
index
big
singer,
so
they
are
the
lead
investor
there.
So
in
this
company
we
are
not
so
active,
like
in
other
companies,
for
example
yeah.
So
it
depends
on
definitely
how
much,
how
much
do
we
invest?
C
C
B
Around
the
total
around
we
do
not
invest.
Oh,
we
have
invested
now
in
17
companies
and
the
18th
is
coming
soon.
I
cannot
say
the
name
of
right
now,
but
we
have
a
company
in
our
pipeline
and
performs
diligence
already
are
agreeing
the
investment
agreement,
so
I
think
we
will.
We
will
publish
a
new
investment
soon,
at
least
in
the
next
couple
of
weeks,
and
but
right
now
we
have
invested
in
17
companies.
Our
typically
investment
amount
is
between
two
and
three
million.
B
So
it's
funny
confidentiality,
of
course,
yeah.
The
startups
don't
know,
don't
want
that.
We
pay
the
the
exact
amount
of
money,
because
when
you
see
our
percentage,
then
you
can
the
simple
math.
You
can
see
what
wasn't
valuation
which
the
some
companies
don't
want
to
be
published
and
also,
I
think
for
us,
it's
it's
better
than
we
have
for
next
round
and
evaluation
discussion
with
new
investors.
It's
always
better
that
we
have
not
published
what
we
have
before.
C
B
C
B
Was
it
was
the
total?
The
total
fund
amount
could
be
100
million,
but
we
have
not
raised
the
full
amount
of
100
million,
so
it's
a
little
bit
below
100
and
it's
it's
more
in
the
direction
of,
I
would
say:
80
80
million
yeah
85
clarity
85..
So
so
we
have
invested
block.
One
has
invested
so
yeah
right
now
we
still
have
room
for
new
investments.
Definitely
we,
as
I
mentioned
our
pipeline,
is,
is
so
that
we
can
invest
in
two
up
to
four
more
companies.
B
So
at
the
end
our
fund
should
have
around
20
20
plus
companies.
That
is,
I
think,
a
size
which
is
good
because
we
have
to
reservate
some
money
for
follow-on
rounds.
We
will
not
dilute
in
the
next
round
because
we
start
pre-seals
a
series,
a
so
csbc
is
coming
and
we
want
to
have
some
dry
power
also
for
these
follow-on
rounds.
B
When
we
see
potential,
of
course,
when
there
is
no
potential
in
a
company-
and
maybe
it
makes
no
sense
to
invest
in
the
next
round,
we
will
not
do
it,
but,
for
example,
in
upland
we
have
invested
already
in
two
rounds
so
far
as
we
see
great
potential
there
and
when
other
companies
will
come.
We
will
always
look.
Is
this.
This
is
worth
to
invest
a
little
bit
more
and
we
work
yeah.
What
I
would
say
is
I
I
definitely
like
to
work
more
with
existing
portfolio
teams.
B
We
have
already
in
our
portfolio
as
we
know
these
guys.
You
know
the
founders,
we
know
how
they
work
already
and
then
to
look
desperately
for
other
projects
which
maybe
do
not
attract
us
much.
So
when
there
is
a
possibility
to
invest
in
a
new
company,
we
will
do
so
until
we
have
20
20
plus
companies.
A
So
with
so
so,
it
sounds
like
you're
so
hands-on.
With
these
projects,
you
have
great
relationships
with
the
portfolio
projects.
How
much
collaboration?
Do
you
encourage
any
collaboration
between
the
portfolio
companies
like,
for
example,
wombat's
got
a
great
wallet,
so
if
another
project's
doing
something
that
could
make
use
of
an
integration
directly
with
that
wallet,
do
you
make
those
connections
happen
and
encourage
the
collaboration,
of
course,
of.
B
B
B
Happens,
we
also
had
our
yeah
in
2019
before
covert
19.
Of
course,
in
october
2019
we
had
our
really
really
great
portfolio
day,
so
we
invited
all
companies
to
majorca,
so
the
the
spanish
island,
you
know-
and
so
we
had
a
great
weekend
together
with
all
portfolio
companies,
all
founders,
and
we
have
great
meetings,
great
conversations,
so
everybody
knows
each
other
yeah.
Everybody
knows
okay.
This
is
dirk
from
upland.
This
is
adrian
from
spielberg's
wombat.
B
This
is
jan
carnard
from
from
gables
timeless
yeah.
So
everybody
knows
each
other
now
and
if
they
have
questions
we
appreciate
and
or
we
encourage
them
to
say.
Okay,
please
interact
by
yourself
yeah,
so
we
invested
in
all
these
companies.
We
think
it's
all
great
companies,
all
great
founders,
all
great
team
members
here.
B
B
We
like
that
these
companies
have
have
collaborations
and
we
want
to
bring
all
companies
to
success.
Even
if
you
know
right
now,
not
all
companies
will
see
the
goal
line
yeah
and
will
have
this
success,
like
maybe
upland
will
have
at
the
end
yeah.
However,
we
work
with
all
companies
very
close
together.
B
We,
like
all
the
founders
we
invested
in,
and
it
is
one
of
our,
I
would
say,
investment
thesis
to
to
bring
subtle
companies
together,
to
have
cooperation
collaborations
and
to
leverage
the
portfolio
so
to
speak,
by
doing
something
together,
yeah
and
we
know
that
it
works.
We
know
from
from
from
dirk
and
others
that
people
are
interacting
and
yeah
without
us.
Of
course,
that
is
great.
A
What
about
block
one,
do
they
ever
come
to?
You
like
it
seems
like
they're
heading
in
a
like
direction
of
financial
products.
You
guys
are
a
fintech
investment
fund
like
do
they
ever
come
to
you
and
say
all
right,
we're
really
looking
for
someone
that
could
solve
like
identity.
I
know
you
guys
invested
in
helix,
which
does
identity.
I
don't
know
like.
Do
they
ever
come
to
you
and
just
say
like
what
their
needs
are.
B
I
think
we
will
have
success,
also
without
a
direct
link
or
direct
collaboration
with
block
one,
but
it's
more
like
we
present
the
companies
to
them,
then,
because
I
think
the
asvc
team
is
a
little
bit
more
independently
from
from
block
one,
what
they
are
doing
in
blocksburg
or
new
york
or
in
arlington.
I
think,
where
they're
sitting
now
and
yeah,
we
do
our
investments.
B
Of
course
they
know
what
we
are
doing.
They
have
the
the
info
info
materials.
They
know
what
these
companies
are
doing
if
there's
something
which
catch
their
eyes
or
they
find
it
very
interesting
they
can
reach
out
to
us.
But
I
know
that
bren,
for
example,
is
definitely
investing
in
much
much
bigger
tickets.
You
know,
maybe
they
have
invested
in
northern
data.
A
mining
company
also
here
in
frankfurt,
located
stock
listed
but
much
much
larger
ticket
and
we
can
invest
with
our
fund.
We
will.
B
C
I
love
the
fact
that
you
get
your
you
get
your
partners
and
your
and
your
projects
together
and
have
them
all
meet
and
and
mingle
and-
and
there
are
synergies
there
does
block
one
ever
do
that
with
the
usvc
funds.
Do
you
ever
get
in
the
same
room
with
the
galaxy
digital
funds
and
and
svk,
and
the
eos
global
funds
at
the
same
time
and
have
some
sort
of
similar
conversation.
B
B
B
I
did
the
same
with
galaxy,
because
I
know
the
galaxy
is
investing,
definitely
larger
tickets
and
is
more
focusing
on
gaming.
We
have
not
a
specific
sector
or
industry
focus.
The
fund
definitely
was
set
up
for
investments
in
the
eu,
so
mainly
our
investment
are
based
in
germany
or
uk
so
far,
but
we
have
invested
also
in
sparrow,
which
is
in
singapore
based
or
upland
or
moon
lightning
in
from
the
u.s.
B
So,
but
I
know
that
galaxy
is
more
looking
into
the
u.s
market
right
and
I
don't
know
what
what
u.s
global
is
doing.
I
think
there
was
more
for
the
asian
market
designed
and
so
yeah.
The
synergies
are
not
at
as
you
maybe
would
be,
assuming
that
we
have
conversations
every
week
or
every
month.
So
I
think
every
every
fund
has
find
their
own
investment
style.
We
have
our
investment
staff,
we
have
all
investment.
Thesis
galaxy
has
their
own
investment
series
svk.
B
So
the
important
thing
for
us
is
that
block
one
is
happy
with
us
that
we
do
a
great
job
here
and
the
eos
community,
hopefully,
is
happy
with
us
that
we
support
the
u.s
community
and
companies
which
are
active
in
this
market.
But
that
is
what
we
want
to
do.
What
we
want
to
achieve
and
what
others
do
we
cannot
yeah.
C
I
think
the
community
will
be
happy,
especially
after
hearing
your
interview
and
your
support
for
yoast.
You
know
you,
you
mentioned
the
the
b1
being
happy
with
you,
and
you
mentioned
how
you
find
projects
just
curious.
How
b1
found
you
you
know:
how
did
they
choose
you?
How
did
they?
What
was
the
introduction
like?
How
did
how
did
block
one
determine
that
that
finn,
lab
was
the
the
partner
for
to
trust.
You
know
for
a
hundred
million
dollar
eosvc
fund.
I
think.
A
B
This
this
story
is,
is
pretty
easy
to
explain.
Christian
angermeier,
one
of
the
founders
of
philip
ag
he
was
already
invested
in
block
one
philip
ag
also
was
looking
for
an
investment
in
block
one,
but
because
of
the
structure
of
block
one,
it
was
not
possible
for
us
to
invest
in
block
one
directly.
But
at
this
point
we
got
access
or
contact
to
the
founder
team,
brandon,
bloomer
and
andrew
bliss
at
this
time,
and
we
met
these
guys.
B
B
Blockchain
has
a
lot
to
do
with
with
fintech,
and
I
think
we
can
bring
some
value
here
on
the
table
for
you
guys
and
yeah.
As
you
can
see
it,
it
worked
out.
So
they
trusted
us
and
said:
okay.
We
we
like
these
guys
and
afterwards
we
agreed
on
a
term
sheet
and
then
they
handed
over
to
the
aocc
team
in
hong
kong
and
then
we
agreed
the
terms
of
the
fund
and
the
terms
of
yeah,
how
much
money
we
should
invest
and
how
much
money
should
investment
won.
B
A
B
Yeah,
I
think
I
think
pete
peter
and
kristen
are
close
friends
they
in
the
past.
They
did
a
lot
of
investments
together
and
here
christian
was
already
invested
in
block
one,
as
I
mentioned,
and
I
think
then
he
connected
brandon
bloomer
with
with
peter
thiel,
and
I
think
peter
t
invested
also
money
in
in
block
one
yeah
christian.
B
Maybe
you
have
read
our
announcement
from
december
2020
20..
He
sold
all
his
shares
in
finlab
ig,
so
he's
no
longer
a
shareholder
of
philip
lg.
Of
course
we
still
are
close
friends
and
I
yeah,
I
would
say
I
will
work
with
christian
on
other
projects
because
he
is
invested
in
an
iconic
as
well.
We
are
invested
in
iconic
with
finlab
ig.
He
is
invested
in
next
markets.
We
are
western
next
market,
so
we
still
have
a
business
relation,
but
he's
no
longer
shareholder
of
finland.
Edgy.
C
B
No,
we
are
not
allowed
to
have
cryptocurrency
positions,
it
is
for
tax
purposes
and
also
the
fund.
The
finlab
ersvc
fund
does
not
hold
any
tokens
or
coins.
It's
also
for
tax
reasons.
Only
it's
a
special
tax
in
germany
and
this
would
be
infected
the
the
fund
which
we
don't
want.
I
have
us
tokens
run
of
course,
so
I
think
not
so
many
as
christian
has,
as
we
have.
B
B
C
B
Yeah,
we
know
it's
it's
a
big
topic,
it's
it's
a
big
thing
so
far
outside
there
in
the
crypto
market,
decentralized,
finance.
Honestly.
So
far,
we
have
not
yet
invested
in
a
company
which
is
really
active
in
a
d5
sector
and
also
on
our
pipeline
line.
There's
not
really
a
pure
defy
company
yeah,
I
think
bombard
one
play.
They
are
some
kind
of
of
d5,
but
of
course
not
that
what
what
what
the
really
defy
enthusiasts
or
fans
would
say
about
d5.
B
We
see
a
lot
of
potential
there.
However,
we
as
philip
ag
as
with
the
fund,
have
not
yet
invested
in,
maybe
in
the
near
future.
We
will
do,
but
I
think,
in
terms
of
the
valuation
from
these
companies
sometimes
and
as
we
are
in
early
stage
investor
here,
I
think
they
will
not
met
our
criteria.
To
be
honest,
this
is
already
too
far
away
from
from
variations.
We
can
justify
for
the
fun
to
invest
in.
A
What
what
about
projects
that
plan
to
launch
a
token
so
like
in
ethereum,
for
example,
a
lot
of
these
early
stage,
vc
investments
happen
and
then
maybe
a
year
or
two
later,
a
project
launches
a
token.
I
remember
2018,
you
guys
invested
in
vion,
which
was
like
spin-off
from
in
stafford
who
you're
still
working
with
and
they
had
initially
planned.
A
They
initially
had
plans
to,
I
think,
ico
or
launch
a
token,
and
that
was
one
of
the
only
eosvc
investments
I
ever
saw
or
heard
of
that
had
anything
to
do
with
any
tokens,
and
you
know,
upland
doesn't
have
a
token.
Wombat
doesn't
have
a
token.
So
what
what's
your
rules
as
far
as
tokenizing
projects.
B
Yes,
as
I
said,
our
fund
criteria
or
for
tax
process
allows
not
directly
investments
in
tokens,
so
we
do
not
invest
in
tokens
directly
when
companies
issuing
a
token
after
we
have
invested
in
the
equity.
Of
course,
we
cannot
yeah,
we
cannot
say,
don't
do
it
yeah,
when
this
is
what
they
say,
it's
possible
or
necessary
or
yeah.
They.
C
B
But
he
will
not
invest
directly
and
they
on
was
a
special
thing.
Basically,
the
investment
idea
was
way
on,
but
then
we
decided
to
invest
directly
in
the
mother
company
in
stafford
and
afterwards
rayon
was
emerged
within
stafford,
which
was
the
best
situation.
I
think
our
best
solution
and
they
also
injected
the
token
fail,
as
we
said
really
guys.
I
think
it's
it's
not
helpful,
and
sometimes
it
makes
no
sense
to
to
issue
a
token
yeah.
So.
A
B
A
A
B
Them
they
moved
on,
but
this
and
stafford
team
was
super
happy.
The
company
earns
loans
money,
they
have
seven
figure
sales
so
far,
so
it's
one
of
our
most
or
yeah
it's
one
of
the
best
performing
companies
in
our
portfolio
in
stafford.
They
are
based
in
germany
and
yeah.
So
we
are
happy
with
these
guys,
even
if
the
first
idea
was
definitely
to
invest
in
viola,
cool.
C
B
Yeah,
as
I
said,
not
every
company
will
reach
the
goal
line
or
will
have
success
at
the
end.
Moonlighting
is
not
failed,
they
merged
with
carrier
gig.
Maybe
you
have
see
the
announcement,
so
moonlighting
is
now
merged
to
carrier
gig,
which
are
doing
more
or
less
the
same
like
moonlighting
before,
but
as
we
can
see
in
a
covet
19
crisis,
you
can
see
some
winners
and
maybe
I
will
not
say
losers,
but
some
companies
which
not
on
the
bright
side
yeah.
B
So
when
you
see
right
now
the
trading
apps
like
robin
hood
in
in
the
us,
or
we
have
good
performing
trading
fc
and
germany
as
well.
So
these
are
the
winners
of
of
covet
90s
because
everyone
wants
home
was
bought
and
then
was
trading
equities
or
natural
resources,
whatever
it
is:
gold,
silver
medals
and
cryptocurrencies,
also
coinbase
and
all
the
other
crypto
exchanges,
I
think,
was
benefiting
from
from
from
the
crisis,
because
people
was
home
and
and
yeah
because
it
was
bored
they
they
traded
and
and
played
games.
B
So
moonlighting
was
not
on
a
loser
side
that
definitely
not,
but
it's
not
hard,
definitely
to
attract
customers
and
clients.
In
a
freelancer
market,
especially
in
the
u.s,
as
you
know,
the
situation
right
now
in
the
economy
so
and
there
was
no
way
that
they
could
stay
as
a
company
by
themselves.
So
we
looked
for
a
partner,
we
had
a
lot
of
discussions
and
yeah
arrangements
and
at
the
end,
jeff
tennery,
which
is
a
great
guy,
which
is
a
is,
I
would
say,
is
a
friend
of
mine
yeah.
B
B
I
I
was
happy
that
he
find
carrier
gig
and
we
could
save
our
money
because
we
merged
now
moonlighting
with
carrier
gig,
and
the
journey
goes
on.
Of
course,
a
little
bit
slower
than
expected
with
a
blockchain
angle.
Yeah,
I
think
carrier
gig
is
also
interested
to
utilize
blockchain
eosio
in
the
future.
But
right
now
they
are
more
looking
for
customers
and
clients
to
grow
the
business
and
afterwards
will
add.
On
the
blockchain
angle,
however,
the
company
is
still
there
still
active.
Even
it's
no
carrier
gig
and
not
moonlighting.
A
I
think,
from
this
conversation
we've
had,
it
sounds
like
there's
been
a
lot
more
wins
than
losses,
you're
up
to
almost
20
portfolio
companies
that
are
still
there.
You
name
dropped
a
couple
of
them
earlier
that
sound
like
they
have
things
that
we
might
see
in
the
next
couple
of
months.
What
are
you
most
looking
forward
to
for
2021
as
far
as
your
company's
your
portfolio
companies?
Is
there
anything
specific
that
you
want
to
call
out
before
we
wrap
things
up
here.
B
No
not
not
not
directly,
because
it's,
of
course,
I'm
I'm
always
under
the
confidentiality
agreement
here.
However,
what
we
want
to
see
in
2021
is
that
we
bring
more
products
on
a
on
a
blockchain
yeah
that
we
have
the
achievements.
We
have
agreed
in
our
milestone
agreement
that
companies
will
grow
and
will
earn
money
at
the
end
that
that's
what
we
want
to
see,
as
you
mentioned
so
far,
we
have
not
only
winners
in
our
portfolio.
B
Of
course,
I
cannot
say
this,
but
and
in
the
venture
business
that
nobody
will
believe
me
that
we
have
only
winners
yeah.
We
we
have
also
companies
which
which
have
right
now
more
flat
development,
I
would
say
yeah,
but
we
have
no
no
write
down
so
far
or
fun.
That
can
I
definitely
say
so:
every
company
is
still
active.
Every
company
is
still
working
on
a
product.
Every
company
we
invested
in
is
still
there
and
we
will
see
what
2021
will
bring.
A
B
B
I
met
stephen
bushbacher
only
once
in
february
2020
at
the
blockchain
exhibition
in
london,
but
the
other
team
members
then
barry
and
jeff
only
via
zoom
or
teams,
and
it
was
really
the
first
investment.
I
think
we
did
more
or
less
virtually
yeah,
but
because
there
was
no
possibility
that
we
could
travel
to
the
us
or
they
could
travel
to
frankfurt
hope
we
will
not
have
these
investments.
B
We
have
at
some
certain
point,
yeah
the
possibility
to
travel
again
and
to
meet
in
person
because,
as
you
mentioned,
key
is
always
the
team,
the
founder
team
yeah.
We
need
to
have
trust
in
the
team
and
the
founders
and
for
us
it's
really
important
to
have
not
you
don't
need
to
have
to
be
close
friends
to
the
founders.
B
That's
not
the
yeah,
that's
not
the
investment
thesis,
of
course,
or
it's
not
necessary
to
to
invest
in
a
company,
but
at
least
we
we
need
to
like
these
guys
and
say:
okay,
we
have
trust
in
these
guys
and
they
can
can
yeah
bring
in
return
of
invest
or
they
can
build
this
product
that
they
have
promised
in
the
sales
pitch.
So
for
us,
a
team
is
always
key
and
I
definitely
can
say
we
have
to
all
of
our
founders
in
the
portfolio.
B
When
you
have
some
criticism
yeah,
you
can
say:
okay,
listen
guys.
That
was
not
what
we
have
expected,
or
this
was
not
what
you
have
tell
us.
It's
not
what
you
have
printed
a
pitch
situation.
That
means
not.
You
cannot
criticize
these
guys
when
you
are
close
friends,
but
it
makes
much
easier
as
a
work
or
the
weekly
immediately
called
when
you
know.
On
the
other
side,
there
are
people
you
like,
and
you
want
to
work
with.
C
Yeah
I
would
like
to
just
state
I
I
did
a
lot
of
research
kind
of
going
through
a
lot
of
these
projects
just
to
in
preparation
for
our
interview
and-
and
I
love
some
of
these
press
releases
that
you
guys
put
out.
I
just
want
to
read
a
couple
of
them.
This
is
from
the
agora,
co-founder
and
chief
product
officer
with
access
to
the
eos
blockchain
and
he
says
eos
blockchain.
C
We
hope
to
achieve
greater
flexibility
and
less
dependence
on
just
one
blockchain
protocol,
following
the
ongoing
updates
to
eosio
eos
is
becoming
a
serious
competitor
to
the
ethereum
blockchain
and
is
enabling
us
to
cover
even
more
use
cases
with
our
product.
I
I've
got
one
while
ensuring
that
the
scalability
of
our
solution-
you
know,
there's
other
ones
like
cap
trace.
I
would
like
to
talk
more
about
capturing.
C
But
they
are
they're
a
custody
solution
and
they're
now
looking
at
distributed,
ledger
technology
and
they
say
captrace
utilizes
the
eosio
blockchain
to
facilitate
secure
efficient
services
on
top
of
the
company's
already
strong
core
listing
so
great
job.
On
these
fresh
releases,
I
don't
know
who's
doing
them
for
you,
but
you're
doing
a
great
job.
I
in
in
all
my
research
and
I'll,
ask
you
these
two
questions.
It's
not
pointed
in
all
the
17
that
I
looked
through.
B
Yeah
they
they
they're
approaching
insurance
companies.
They
are
active
in
africa,
and
so
the
product
is
live
already
is
is
yeah,
it
works.
So
now
we
are
looking
for
insurance
company
which
will
use
it.
So
there
is
a
lot
of
demand,
and
hopefully
we
will
hear
from
our
soon
more
about
the
blockchain
technology.
Maybe
maybe
I
can.
I
can
link
these
guys
also
to
to
the
block
one
marketing
team
with
a
built
on
eos
io
series.
You
know
this
series
I
think
upland
was
already
live
there.
B
C
Great,
it's
good
to
know,
because
that's
the
only
one
I
couldn't
find
any
information
or
even
data
on
what
about
blockchain
helix.
I
couldn't
you
know.
Blockchain
helix
has
blockchain
the
name,
but
I
couldn't
find
any
relevance
to
what
blockchain
you
know:
information,
how
they
were,
how
they
were
utilizing
which
blockchain
they
were
using.
You.
B
And-
and
this
should
also
be
available
on
on
eosio
blockchain
solution-
so
far,
they're
still
working
on
this
project-
they
are
a
little
bit
behind
their
business
plan.
Definitely
I
can
say
this
here,
but
oliver
nigler
and
his
team
are
great
founders,
and
I
think
they
will
bring
this
to
an
end
to
success,
so
they
will
offer
their
identification
services
for
many
blockchain
solutions.
Of
course,
and
one
of
them
is
eosio
yeah.
B
B
B
C
B
Yeah
this
is,
you
know,
right
now.
The
custody
services
for
for
for
stocks
or
shares
we
say
in
germany
for
stocks
is,
is
old-fashioned.
Yeah,
you
have
a
custody
provider
in
germany,
it's
clearstream,
it's
a
subsidiary
of
deutsche
berser,
and
when
you
issue
new
shares
or
when
you
issue
shares
in
general,
you
have
a
share
certificate
which
is
stored
at
clearstream
and
afterward.
B
If
you
have
registered
shares,
you
need
a
custody
service
company
like
cap
trace,
for
example,
but
we
see
the
future
definitely
more
in
virtual
assets
and
for
virtual
assets.
You
need
custody
services
and
also
shares
can
be
issued,
maybe
in
the
near
future,
virtually
so
to
speak,
not
like
the
old
way,
with
a
certificate
and
so
on
so
maybe
directly
on
a
blockchain,
and
you
can
trade
on
a
blockchain.
B
The
good
thing
here
was:
they
have
already
an
existing
business.
This
is
also
what
I
have
forgotten
to
mention
when
we
start
our
our
conversation
here
one
hour
ago
and
our
investment
season.
What
we
like
is
always
a
company
which
has
sometimes
an
existing
business
model
and
have
earned
money
already
and
now
maybe
bring
something
new
on
a
blockchain
or
have
a
blockchain
angle,
and
it's
not
dependent
too
much
on
this
product
because
they
have
already
bread
and
butter
products
so
to
speak
and
earn
money
already
and
can
now
focusing
with
our
money.
B
We
invest
in
a
company
on
this
blockchain
angle
and
caprese
is
exactly
this
company.
They
had
already
an
existing
business
model
with
the
custody
services
for
stock
corporation
companies
here
in
germany
or
in
eu,
and
now
they
create
or
they
develop
a
product
on
a
blockchain
or
a
usl
product
which
we
can
store
or
which
we
can
trade
afterwards
virtual
stocks,
so
to
speak
and
in
a
new
way.
B
So
what
the
future
will
bring
here
in
this
in
in
yeah
in
this
topic
yeah
so-
and
that
is
what
we
also
did
with
with
other
companies
moonlighting.
For
example,
moon
lightning
had
already
an
existing
business
when
we
have
invested
in
the
freelancer
business
and
they
want
to
bring
all
these
yeah
for,
for,
for
trust
and
and
for
security.
They
will
bring
all
these
profiles
on
a
blockchain
yeah.
We
said,
okay,
that
is
a
great
opportunity.
B
You
earn
already
money
or
you
have
already
an
existing
business
model,
and
now
you
have
a
blockchain
angle
and
bring
something
new
on
a
blockchain
and
you
are
not
dependent
so
much
on
development,
these
products
to
earn
money,
and
so
that
is
what
we,
what
we
have
also
on
our
radar,
that
companies
have
already
in
business
model
and
now
explore
a
new
business
model
business
angle
with
a
blockchain
solution.
So
that
is
what
we
also
looking
for
when
we
invest
in
companies.
C
C
This
this
I
I
just
wanted
to
say
you
know,
thanks
from
the
us
community
honestly
staphon
finn
lab,
I
feel
like
has
been
a
better
steward
of
the
intent
of
what
we
were
told.
The
usbc
fund
was
going
to
be
way
back
in
early
part
of
2018
and
so
maybe
even
late
2017
of
what
was
going
to
be
happening.
So
I
appreciate
you
guys
great
stewards.
C
I
would
like
to
you
know
when
you,
when
you
finalize
and
complete
your
your
round
and
and
get
everybody
invested
and
get
all
20
x,
companies
we'd
love
to
have
you
back
and
and
maybe
have
one
or
two
of
them
and
showcase.
Don't
wait
on.
Don't
wait
on
esio
and
and
be
one
to
help
you
out
we'll
be
glad
to.
A
C
A
B
Be
good
to
do.
I
would
like
to
connect
more
people
with
you
from
our
portfolio.
I
know
you
you
you
did
it
or
you.
You
do
a
great
job
with
the
eos
community
and
yeah.
Hopefully
I
can
bring
more
companies
to
you
and
you
can
more
say
insightful
about
companies
when
you
have
more
details
and
and
facts
and
influence,
yeah.
A
B
Work,
the
automotive
sector
was
hit
at
heart
by
covert
19
and,
as
gapless
was
yeah,
was
more
or
less
active
in
an
automotive
sector,
and
it's
now
changed
to
timeless.
So
we
changed
the
business
model
a
bit,
but
that
was
a
hard
fight
and
we
are
so
super
happy
that
they
did
it
now
and,
as
you
see,
the
press
release
and
their
first
product,
jordan
nikes
was
sold
out
in
58
minutes
or
just
under
under
an
hour.
So
we
are
super
happy
that
this
is
now
a
transforming
company.
C
Well,
so
maybe
in
the
in
the
coming
year-
or
so
maybe
every
couple
of
months,
every
two
or
three
months
we'll
try
to
reach
out
to
you
and
get
in
contact
with
one
of
the
eos
vc
recipients
and
maybe
set
up
just
a
brief
interview
about
what
they're
doing
and
then
we
won't
focus
too
much
on
it,
but
a
little
bit
on
how
they're,
integrating
eos
or
eosio
so
that
that'd
be
great.
We
really
appreciate
the
insight-
and
we
appreciate
you
taking
time
out
of
your
friday
night
from
your
family,
to
spend.
B
It
with
me,
I
really
really
appreciate
that
you
have
given
me
the
form
here
to
speak
about
finland
and
the
eos
fund.
I
know
from
twitter
and
other
social
media
accounts
that
sometimes
people
was
wondering
what
we
are
doing
or
what
the
companies
are
doing.
So
it's
a
great
format
here
that
I
could
speak
a
little
bit
more
and
hopefully
bring
some
details
or
insights
to
the
community
and
yeah.
As
you
mentioned,
we
can
do
it
more
often
more
regularly
and
yeah
thanks
for
your
time
as
well.