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The Next (Internet) Thing

Published: 4/8/2014 9:41:27 AM

Successful Internet investor Fred Wilson of Union Square Ventures tipped his hand on where he sees the next Internet revolution happening.

It's the "blockchain".  As in, the Bitcoin blockchain.

In a new blog post, he describes the current investment downturn in mobile as indicative of a typical investment cycle.

More importantly, he mentions:

"And our 2014 fund will be built during the blockchain cycle."

Bitcoin is not just about financial technologies.  The real innovation is the blockchain, which VCs believe may be the foundation for the secure, low cost transfer of digital goods, potentially opening up new business models, industries and unlocking efficiencies in the digital realm.

Stay tuned for more disruption.

We're in the blockchain cycle now...

 

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Don Jones
CEO, VentureDeal

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