Pi Community is investing $100 million by means of its Pi Community Ventures, specializing in startups that develop the ecosystem.
Pi Community (PI) is investing thousands and thousands into its ecosystem to promote adoption. On Wednesday, Might 14, the Pi Foundation introduced the launch of Pi Community Ventures, allocating $100 million to fund startups. In a press launch shared with crypto.information, the Foundation acknowledged that the Silicon Valley-style enterprise fund will put money into promising startups inside its ecosystem.
The fund will concentrate on startups that drive real-world adoption and utility, in addition to these integrating Pi crypto. Furthermore, the fund can be open to startups not strictly crypto-native. In accordance to the Foundation:
“Pi Community Ventures plans to assist not solely blockchain-native startups, but additionally a big selection of companies in generative AI, gaming platforms, FinTech, ecommerce, embedded funds, marketplaces, social networks, and different real-world purposes.”
Pi Community Ventures to mirror Silicon Valley
The Foundation additionally highlights one other break from conventional crypto fashions. Notably, Pi Community Ventures plans to function below the ideas of conventional enterprise capital companies popularized in Silicon Valley.
This strategy contains the sourcing, choice, and vetting processes that conventional VC companies use to determine firms with the largest potential impression in the marketplace. This can embody investing in firms in any respect phases, from early-stage startups up to Collection B+ firms, and even additional.
One notable distinction from the normal VC mannequin lies in its objectives. In contrast to most funds that focus solely on revenue, Pi Community Ventures will prioritize worth creation and ecosystem utility. The goal is to again initiatives that combine Pi tokens into their companies or use Pi Community expertise in real-world purposes.
By means of this technique, Pi Community Ventures hopes to enhance adoption and demand for the Pi token, whereas supporting significant innovation throughout industries.
