On the 5th of July 2018, Mike Alexander was appointed the new CEO of the $1 billion capital arm of Block.one, EOSIO VC. The new appointment will make Alexander an integral part of the executive committee. The former CEO of Jefferies Asia, believes that Block.one is going to take the lead in technological innovation.
In his words:
“The vision of the founders of Block.one has propelled it to become the fastest-growing establishment in the world and I am happy to be a part of that vision. The organization’s position as the publisher of the EOSIO code makes it poised to take the lead in all EOS blockchain related investments.”
Block.one Encourages Developers Through the EOSIO VC Program
The EOSIO VC program was designed to provide entrepreneurs with the funding they need to bring their ideas to life. They create an environment that is community driven for the benefit of the EOSIO platform. The EOSIO VC also invests in other blockchain-based startups that rely on the EOSIO.
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Alexander’s role as CEO will involve taking care of direct venture investments, nurturing all EOSIO VC partnerships as well as sourcing and funding eligible projects running on EOSIO. The EOSIO VC has an ultimate goal of providing venture capital and partnership to support the development of the EOSIO environment. Plans to start mentorship activities for startups with high growth potential and blockchain-based products are on the way. The partnerships of the VC have already gathered about $700 million in Asia, US, and Europe.
The group president of Block.one, Rob Jesudaso says that the EOSIO VC is providing critical aid for innovation in the EOSIO ecosystem. This assistance is necessary for incentivizing the adoption of EOSIO.
In his words:
“We provide support for organizations that build their businesses or DAPPs apps on the EOSIO platform. Mike Alexander has ample experience in investment banking and is a well-respected individual in the Asian financial sector. I am happy to welcome him to the team.”