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Apple co-founder Steve Wozniak has become a co-founder of recently launched venture capital fund, EQUI Global. Wozniak will join founder Doug Barrowman and fellow co-founder Baroness Michelle Mone OBE. EQUI Global is blockchain and technology focused, which should be of little surprise after Wozniak’s long history of drumming up excitement for Bitcoin and blockchain.
This is the news some were waiting for after it was revealed in August that Wozniak became involved in a blockchain project, although there was some speculation it could be shady.
How is EQUI Global different and what is their aim?
EQUI is controversial in that it aims to disrupt the traditional industry by allowing non-institutional investments. Investors will be able to trade their investments on external cryptocurrency exchanges using EquiTokens. EquiTokens are a token infrastructure build on the popular and widespread Ethereum platform.
EQUI Global plans to put 80% of their investments in technology companies, likely targeting cryptocurrency tech companies, and the rest will be invested in different areas such as art and real estate. This is supported by Wozniak’s statement about the EQUI Global’s company mission, “[EQUI Global] seek, support and fund the blockchain and tech stars of tomorrow.”
Why Wozniak jumped on board with EQUI Global
There is little doubt that cryptocurrency is an area Steven Wozniak is highly interested in, in the past he has referred to Bitcoin as “better than gold” and later as “pure digital gold.” While Wozniak has always followed cryptocurrency advancements closely and drummed up excitement in the industry, it is still major news that he is now actively in the industry and pushing new start-ups closer to crypto success.
In fact, Steve also said: “I get ideas pitched to me every single day in fact dozens and I always say no. Since I co-founded Apple with Steve Jobs, this is about the second time in twenty years that I actually said yes.” This statement definitely adds weight to Steve’s involvement in the venture, this is a passion project that he will likely give himself into 100%, rather than being a backbencher. “I want to be a part of this. It has to be something I really believe in and I really believe in EQUI,” he continued.
So, Steve is clearly excited about EQUI Global, and it seems one aspect he is really excited about is start-ups potential to disrupt the tech industry and even the society in which we live. In his statement Steve stressed the potential for technology to transform industries. We have seen this in the past with tech start-ups that have managed to dominate an industry after getting some much-needed investment, for example Uber. Time will tell what changes Wozniak and Co bring to the cryptocurrency landscapes with EQUI Global, but we’ll be keeping an eye out for the latest news.