Institute For The Future

Fred Wilson on the Blockchain

Fred Wilson has an impressive track record when it comes to investing in Internet based businesses. His portfolio includes Twitter, Tumblr, Etsy, Zynga, and Kickstarter. Union Square Ventures, the venture capital account he co-founded in 2003, manages over a half-billion dollars, with most of the investments in disruptive web and mobile companies.

In recent years, Union Square Ventures has started making investments in a number blockchain based businesses. This month, Wilson spoke at Coin Center’s annual dinner and explained why he’s a strong believer in the blockchain. Like the Internet itself, the blockchain is architected for resilience and self healing, he said. “I have a deep and fundamental belief in open and decentralized systems … that are open for anyone to innovate on.”

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