Foundation for Pi initiates $100 million venture for fostering startup expansion within ecosystem.
Hey there! Let's talk about the Pi Network and their recent venture fund, Pi Network Ventures. They've got a whopping $100 million to invest in startups that can help grow their ecosystem.
On Wednesday, May 14, the Pi Foundation announced the launch of Pi Network Ventures. This venture fund is all about funding promising startups that can drive real-world adoption, utility, and integration of Pi's cryptocurrency. Although it's not limited to crypto-native startups, the fund is particularly interested in those that can help increase the adoption and demand for the Pi token.
Pi Network Ventures is inspired by traditional Silicon Valley venture capital firms. It follows their sourcing, selection, and vetting processes, aiming to invest in companies that have a significant potential impact on the market. The fund is willing to invest at all stages, from early-stage startups to Series B+ companies and beyond.
In contrast to most funds, Pi Network Ventures is not solely focused on profit. Instead, they prioritize value creation and ecosystem utility. They're excited to back projects that incorporate Pi tokens into their services or use Pi Network technology in real-world applications.
By adopting this strategy, Pi Network Ventures hopes to boost the adoption and demand for the Pi token while supporting meaningful innovation across various sectors, including AI, fintech, ecommerce, embedded payments, gaming, and social networks.
So, without saying who the lucky startups are, we can expect some exciting developments coming up for the Pi Network! Keep your eyes peeled, folks. 🔥🚀
[1] Pi Network Ventures targets various sectors for investment.[2] Most investments are expected to be made using Pi tokens to align incentives.[3] Pi Network Ventures aims to increase adoption and demand for the Pi token through its investments.[4] The fund follows the principles of traditional Silicon Valley venture capital firms.[5] Pi Network Ventures aims to foster innovation across multiple industries through its investments.
- Pi Network Ventures seeks to invest in startups across various sectors such as AI, fintech, ecommerce, embedded payments, gaming, and social networks.
- Many investments by Pi Network Ventures are expected to be made using Pi tokens to align incentives with the projects.
- Pi Network Ventures aims to increase the adoption and demand for the Pi token through its strategic investments.
- Pi Network Ventures follows the principles of traditional Silicon Valley venture capital firms in their sourcing, selection, and vetting processes.
- Pi Network Ventures aspires to foster innovation across multiple industries while prioritizing value creation and ecosystem utility.
