Boost VC's Adam Draper on Investing in Crypto, VR, and the Digital Future

Boost VC's Vision and Focus

• 💡 Adam Draper, a fourth-generation venture capitalist, is the founder and managing director of Boost VC.
• 🎯 Boost VC primarily invests in sci-fi related technologies, with a specific focus on crypto and virtual reality (VR).
• 🚀 The firm runs an accelerator program twice a year, providing housing, office space, and investment to 20-25 startups, connecting them to the Silicon Valley network.

Investment Philosophy and Criteria

• 🔑 Boost VC's core mission is to invest in companies that are solving the biggest problems using the latest technology.
• 🌱 They seek overly optimistic human beings with a strong desire to change the world for the better and a big vision.
• ✅ The investment strategy is focused on the next 10 years, rather than past trends.

Insights into Crypto and Blockchain

• 💰 Boost VC was the first Bitcoin fund and has built one of the largest crypto portfolios, backing over 90 crypto startups.
• 📈 Key investment criteria in crypto include solving real-world problems, focusing on scale, and ensuring usability of the technology.
• ⛓️ Bitcoin is recognized for its role as a store of value and for cross-border money transfer, while Ethereum enables smart contracts and the creation of scarcity of digital assets.
• 💡 Promising areas in blockchain include governance tokens (like Aragon) and applications driving mass consumer adoption (like CryptoKitties).

The Transition to a Digital World

• 🌐 The current crypto landscape is compared to the 1994 internet boom, with a crucial difference being global internet adoption, which accelerates development.
• 🌉 Both the internet and crypto are seen as technologies bridging humanity from a fully physical world to a completely digital world.
• ⏳ Mass adoption for 6 billion people with satellite internet is estimated to be 15 years away, while a small community spending more time in VR could emerge within 5 to 10 years.
• 🛠️ Currently, the best investment opportunity in blockchain is infrastructure, as solid foundations are necessary before DApps can achieve global scale.

The Metaverse and VR Entertainment

• ✨ The future will see a collision of blockchain, the internet, AI, and virtual reality to create the metaverse or infinite digital realms.
• 🎭 Storytelling in VR presents a unique challenge, with artificial intelligence and character development being crucial for entertainment to thrive.
• 📺 Currently, Netflix is the number one app in VR, allowing users to experience a 70-inch screen in virtual environments.