Orlando Bravo – co-founder of Thoma Bravo – has confirmed that his firm plans to put money into the broader blockchain trade.
Thoma Bravo’s Funding Plans
The billionaire businessman revealed his plans to speculate on the Bloomberg Make investments World digital convention on Thursday. The interviewer questioned him about whether or not Thoma Bravo will probably be an investor within the cryptocurrency house.
Bravo started by reiterating that his firm was a “lead investor within the development fairness spherical of FTX.” He then acknowledged that Thoma Bravo could be an vital a part of the cryptocurrency trade long-term:
“We will probably be large gamers on the buyout facet as this trade matures– particularly round blockchain know-how.”
In Bravo’s opinion, blockchain offers “higher use circumstances” than current applied sciences for addressing real-world issues, in comparison with database merchandise.
From his firm’s perspective, blockchain merely signifies that the software program market has gotten “an entire lot larger.” Thoma Bravo is a non-public fairness agency with a specific deal with software program and know-how corporations.
Bravo mentioned that his firm will not be seeking to make huge buyouts within the house. Relatively they’ll merely use a growth-equity mannequin proper now. He additionally says late-stage development fairness is “changing into very possible to put money into” concerning blockchain.
Because the trade matures within the subsequent 2-5 years, Bravo plans to be “one of many first software program buyout corporations on the planet” as he was 22 years in the past.
Bravo Bullish on BTC
Whereas Bravo is passionate about blockchain know-how typically, he personally invested in Bitcoin particularly.
Bravo sang Bitcoin’s praises final week, calling it a “decentralized,” “frictionless,” and “borderless” community, which younger folks love. He additionally sees it as a wonderful inflation hedge.
Whereas not providing a particular worth prediction, he did say he was “very bullish” on Bitcoin final week. He foresees many extra giant establishments allocating funds into Bitcoin and believes that may result in its worth rally.
As of late, his instincts have been pretty correct. Bitcoin rallied near $56k yesterday, reclaiming its $1T market cap.
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