Web3 investor Santiago Roel Santos is betting that giving traditional businesses a crypto makeover can help them operate better, faster, and cheaper.
Santos, who was formerly a partner at blockchain VC firm ParaFi Capital, announced the launch of a new private equity fund, dubbed Inversion Capital. The fund will "acquire traditional businesses that can benefit from business model transformations by adopting crypto mechanisms," Santos announced on X.
Santos argues that there are some businesses who would benefit from adopting crypto-powered tools in order to solve coordination issues that "show up as higher operating costs, capital expenditures, or degrading unit economics."
It doesn't matter if the business owners are reluctant to embrace crypto, Santos explained, because Inversion Capital won't be an investment partner—it will acquire the businesses outright.
"There are many great businesses that have reached a plateau and are prime candidates to undergo a business model transformation," Santos said. "You’re already seeing that with DePIN."
Santos didn't elaborate on how much he aims to raise with the fund or whether he has selected any initial targets.
"Crypto is a new operating system. Invisible, running on the backend making businesses operate faster, better, cheaper. This is how we accelerate," Santos said in closing.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
