The idea for Bloomio came about while doing due diligence research for investors who were interested in particular coins and projects. Bloomio’s founder gathered like-minded people, and came up with the idea for a venture capital fund that concentrates solely on seed-stage startups.
Bloomio uses crowd-funded money to grow these startups until they reach the point where they can receive more traditional venture capital.
Investments with Bloomio can be made for as little as $50 USD, which helps democratize the investment market. Bloomio also creates a token for each startup, which can be kept by investors or traded on a secondary market–because of this, Bloomio is fully compliant with AML/KYC regulations. Overall, Bloomio wants to work with startups that will create new industries, or increase scalability and transparency in currently existing industries.
Though they have not had their official launch yet, they are already accepting interested startups.
Max also discusses the future of regulation in the cryptocurrency space, the benefits that blockchain can bring.
For more information, visit www.bloomio.com.