BLOCK.ONE and TOMORROW BLOCKCHAIN OPPORTUNITIES announce formation of EOS.IO Blockchain Focused Fund.
DENVER, CO – JANUARY 16, 2018 – BLOCK.ONE today announced with TOMORROW BLOCKCHAIN OPPORTUNITIES (“TomorrowBC”) the creation of a fund to exclusively invest in opportunities leveraging EOS.IO software. This is the first announcement for BLOCK.ONE’s EOS VC partnership program to stimulate EOS.IO innovation. TomorrowBC aims to invest in trailblazing entrepreneurs and companies looking to shape our future utilizing new technologies, like the EOS.IO blockchain open source software.
Derek Rundell, a managing partner of Eric Schmidt’s venture firm, TomorrowVentures, is the Managing Partner of TomorrowBC. Rundell said he is “excited to draw on the knowledge, relationships, and experience that helped make TomorrowVentures a success.”
With a $50mm initial close, seeded by BLOCK.ONE, TomorrowBC is poised to take advantage of companies reshaping many traditional and emerging industries.
When asked about the potential of the new disruptive technologies on the future, Schmidt said, “The possibilities created by these new technologies are going to be monumental. I am excited to see where the pioneers of these new emerging technologies can take us.”
Brendan Blumer, CEO of BLOCK.ONE, echoed Schmidt’s sentiments, “We are excited to work with an established and experienced team that is focused on developing disruptive companies and technology. The open source EOS.IO software fundamentally enables new community driven business models capable of disrupting the largest incumbents across all major sectors, and BLOCK.ONE will be heavily investing in this future.”
BLOCK.ONE is a leading developer of technology solutions including blockchain software development. With employees and advisors based around the world, the company focuses on business-grade technology solutions, including the development of the EOS.IO software. For more information visit https://www.block.one .
ABOUT TOMORROW BLOCKCHAIN OPPORTUNITIES (“TomorrowBC”).
TomorrowBC is a venture capital firm focused on opportunities that utilize blockchain technology to enhance the way we live, work, and play. For more information visit www.TomorrowBC.com.
block.one is a software company and is producing the EOS.IO software as free, open source software. This software may enable those who deploy it to launch a blockchain or decentralized applications with the features described above. block.one will not be launching a public blockchain based on the EOS.IO software. It will be the sole responsibility of third parties and the community and those who wish to become block producers to implement the features and/or provide the services described above as they see fit. block.one does not guarantee that anyone will implement such features or provide such services or that the EOS.IO software will be adopted and deployed in any way.
All statements in this document, other than statements of historical facts, including any statements regarding block.one’s business strategy, plans, prospects, developments and objectives are forward looking statements. These statements are only predictions and reflect block.one’s current beliefs and expectations with respect to future events and are based on assumptions and are subject to risk, uncertainties and change at any time. We operate in a rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you are cautioned not to rely on these forward-looking statements. Actual results, performance or events may differ materially from those contained in the forward-looking statements. Some of the factors that could cause actual results, performance or events to differ materially from the forward-looking statements contained herein include, without limitation: market volatility; continued availability of capital, financing and personnel; product acceptance; the commercial success of any new products or technologies; competition; government regulation and laws; and general economic, market or business conditions. Any forward-looking statement made by block.one speaks only as of the date on which it is made and block.one is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.