• "There's so much more movement of people and assets across borders and I think this is where the blockchain can excel." - J. Jobanputra, CoinDesk, July 2015
  • "FPV is looking to diversify the sector- a diverse group of people is needed to spur new ideas and new use cases to unleash the full potential of blockchain technology." - J. Jobanputra, BroadMic, April 2016
  • "The early days are what decide the culture of an industry and who gets involved in making the decisions." - J. Jobanputra, Forbes, March 2018
  • "There will be hiccups along the way as this technology rolls out, but I always think of the pent-up demand in the world for self-empowerment. There are billions of people out there who haven’t had the ability to empower themselves. It’s not because they’re not capable, it’s because they haven’t had the opportunity." - J. Jobanputra, The Observer, August 2014
  • "One of the reasons I launched Future Perfect Ventures is because we need to see different funds with different cultures out there. Right now, we’re funding the future with one demographic as decision-makers." - J. Jobanputra, Forbes, June 2016
  • "Even if there’s hype around something new, I look for a nugget that can grow into something interesting and sustainable. I remember sitting in a conference room at Lehman in ’95 for the Netscape IPO. There was a sense of, “That’s a different way of looking at the organization of information and providing access to information to people who haven’t had access before.” I see a lot that at the core of bitcoin. " - J. Jobanputra, The Observer, August 2014
  • "In the future, I believe we are going to live in a world that is very customer centric and we will be able to access and control our data from any device where we aren’t leaving people out of any systems due to expenses." - J. Jobanputra, MIT, April 2017
  • "Places that don't have legacy infrastructure, like Africa, present a lot of opportunity, and that's why there's so much potential around financial services in emerging markets." - J. Jobanputra, O'Reilly, October 2015
  • "This whole idea in the longer term of having an identity that you have different assets associated with and can transact with, that is very attractive as we get to a more global and cross-border world." - J. Jobanputra, CoinDesk, July 2015
  • "People are incentivized to create value through participation- that is something that is so different from limiting access through legacy technologies." - J. Jobanputra, Consensus, May 2017
  • "Just as we never envisioned a world where we would carry around fully connected supercomputers (smartphones) in our wallets a mere 20 years ago, we can’t even imagine all of the applications of the blockchain today." - J. Jobanputra, The Barefoot VC, July 2016
  • "We’ll continue to see more companies across more industries in 2018 take a look at how blockchain technology can create efficiencies (and potentially new business models in the future)." - J. Jobanputra, CoinDesk, January 2018
  • "New technologies including fraud protection, data analytics to assess risk, direct to consumer lending marketplaces and other recent innovations have supplanted the role of the banks and deemed them less and less relevant in the eyes of the millennials. The advent of the blockchain will speed up this process." - J. Jobanputra, The Barefoot VC, July 2015
  • "I believe that cryptocurrencies (which are built on blockchain tech) emerging as an asset class are just one application of blockchain technology. Bitcoin at $10K and a cryptocurrency combined market cap of $300B is only an introduction to what the underlying technology means in terms of value creation." - J. Jobanputra, The Barefoot VC, November 2017
  • "We need to remember that many questions remain and we have to collectively resolve non-technical components of this emerging technology, including governance." - J. Jobanputra, The Barefoot VC, July 2017
  • "We’re living in a really speculative market right now. I’ve been through two bubbles and crashes in my venture career — one was in ’99/2000, and the other was 2008. But as we saw with the internet, we’ll see some real value being created out of the experimentation happening right now." - J. Jobanputra, Forbes, May 2017

CNBC Compilation on Jalak Jobanputra: This Venture Capitalist Called Bitcoin’s Correction in December — Here’s How She New, January 2018

Fox Business Interview with Jalak Jobanputra: Bitcoin More Secure Than Other Cryptocurrencies, February 2018

WE IMAGINE…

a world where current constraints and borders disappear through technology enabled connectivity. Where all 7 billion people in the world have equal access to information and services, so that all human potential can be unleashed to create a better world.

WE BELIEVE…

that decentralization ensuing from the combination of people and machines, and peer-to-peer connectivity, will lead to an enhanced experience for all of humanity. The 21st century will see solutions to our greatest challenges, and life-enhancing innovations that we can’t even imagine today.

WE KNOW…

that the best innovations will come from the most diverse teams, and we are funding exceptional entrepreneurs with global ambitions that share our vision and values.

TRUE TO OUR NAME, FUTURE\PERFECT VENTURES IS INVESTING IN THE FUTURE, TODAY.

THEMES

We partner with entrepreneurs who share our core values and passion to create a better world. We invest early, working closely with founding teams and our network to help build the next generation of impactful technology companies.  Here are the stories of some of our entrepreneurs.

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BITPESA

Bitpesa is the first pan-African blockchain-powered payment network. After careers in finance, technology and development, the founding team saw opportunity in emerging blockchain infrastructure to reduce business-to-business and peer-to-peer payments from 12-20% to 3%, putting money back into the pockets of businesses and individuals who are now able to save and invest more back into the economy as a result.  Founded in Nairobi in 2013, Bitpesa expanded operations to Uganda, Tanzania and Nigeria in 2015, and has since opened three additional offices in Luxembourg, London and Dakar, Senegal. In 2016 the company launched an ‘Africa to China’ business payment link, including support for Ugandan Shilling and Nigerian Naira to Chinese Yuan. The increasing demand led BitPesa to partnerships in the DRC, Ghana, UAE, South Africa, and Mozambique.

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ABRA

Bill Barhydt, Abra’s founder, is a veteran of the cross-border money remittance sector.  He saw firsthand the inefficiencies created by multiple intermediaries including Western Union and banking institutions, which extract significant fees for small transactions.  With emerging markets rapidly adopting smartphones, Bill saw opportunity in these markets with a blockchain powered app that would provide real-time currency exchange with no transaction fees. Abra, now one of the leading global currency wallets, has developed a first-of-its-kind smart contract investing platform that uses bitcoin technology to allow users to hold, sell, and exchange any of its 20 supported cryptocurrencies and 50 supported fiat currencies on the mobile-based application.

TOKEN

Melanie Shapiro founded Token after experiencing a security lapse with her online digital wallet.  An experienced entrepreneur and specialist in consumer behavior with an exit under her belt, she gathered a team of cryptographers and security experts from Rochester Institute of Technology to build Token. Individuals and businesses lose billions of dollars of capital and productivity each year due to identity theft and fraud, a statistic Token wants to reduce.  As more devices and people directly connect to each other in the future, technologies such as Token’s will be crucial to maintaining network trust.

We are investing in companies building technology that will be game-changing, ubiquitous and indispensable.  Our team has a strong track record of identifying and building next generation companies globally.  Below are themes that we are most interested in as we look at the next 10 years.

PORTFOLIO

PRIOR INVESTMENTS

PORTFOLIO COMPANIES IN THE NEWS

THE TEAM

 jj_lgJALAK JOBANPUTRA

Founding Partner

Jalak Jobanputra is Founding Partner of Future\Perfect Ventures, an early stage venture capital fund in NYC focused on next-generation technology such as blockchain and machine learning. FPV’s portfolio includes Abra, Open Garden, Blockstream, Bitpesa, FuseMachines, Everledger and Blockchain. Jalak was awarded Institutional Investor’s Top Fintech Dealmakers in 2017 and 2016. In 2017, she was cited as a “Top 5 Investor Powering the Blockchain Boom” and CB Insights noted FPV as one of the top VC funds in blockchain “before it was cool”. In Spring 2018, Jalak received the Microsoft Top VC Trailblazer Award for her “valuable contribution to the blockchain community” and was appointed to the American Banker Advisory Board. Since founding the firm, she has spoken on blockchain technology at many global conferences, including the Milken Global Institute, Dutch Development Bank/FMO annual meeting, and The Economist Buttonwood Gathering. Additionally, Jalak is the Founder of Collective Future, a global initiative to foster diversity, inclusion, and education in the blockchain sector. Prior to FPV, Jobanputra was the Director of Emerging Market Mobile Investments at Omidyar Network, a philanthrocapitalist fund started by Pierre Omidyar, co-founder of eBay. Previously, she worked at Intel Capital investing in enterprise software in Silicon Valley from 1999-2003, as well as New Venture Partners and the NYC Investment Fund where she formed one of NYC’s first seed funds and helped establish the Fintech Innovation Lab in 2010. She started her career as a media/tech/telecom investment banker in NYC and London. Jobanputra is also active in supporting education reform and social entrepreneurship. She served as a Trustee of Achievement First Bushwick Charter Schools (Brooklyn). She is on the Board of Directors for the Center for an Urban Future, Advisory Board of L’Oreal’s Women in Digital Initiative, member of Mayor DeBlasio’s Broadband Taskforce, and former Access to Capital Committee member of the US Secretary of State Clinton Women’s Leadership Council. She is a magna cum laude graduate of the University of Pennsylvania, with a B.S. in Economics (concentration in Finance) from The Wharton School and a B.A. in Communications from the Annenberg School. She received her MBA from Kellogg in 1999. Her full bio can be found here, and she has been active on twitter since 2007 at @jalak.

Andrea

ANDREA TINIANOW

Partner

Andrea conceived and was the founding director of the Delaware Blockchain Initiative which gave rise to the “Blockchain Amendments” to Delaware’s General Corporation Law. MarketsMedia awarded Andrea its 2017 Women in Finance Award for Excellence in Blockchain. Prior to joining the State of Delaware Andrea was Vice President, Business Development and Assistant General Counsel of Corporation Service Company (CSC), where she developed new products and services, including the popular, “Delaware Laws Governing Business Entities” book series. She also managed litigation, advised senior managers, and developed legal policies for the company. Before CSC, Andrea was a litigation attorney in the Wilmington office of Pepper Hamilton.

SRo_400x400

SANDRA RO

Senior Advisor

Sandra is the Founder & Managing Director of Vector Crypto Capital LLC, the Managing Partner & COO at UWINCorp (Unleashing Wealth in Nations), and the CEO of Global Blockchain Business Council. At UWINCorp, Sandra is working on an asset registry services and trading marketplace blockchain project focusing on physical commodity markets. She brings over 15 years of global capital markets, derivatives and market infrastructure experience. She is the former Executive Director, Head of Digitization at CME Group. Sandra founded and was responsible for the firm’s digital assets and blockchain / distributed ledger technology (DLT) initiatives, including bitcoin futures and index pricing prices. Previously as Head of Foreign Exchange (FX) and Metals Research and Product Development, she was responsible for the global development of CME Group’s FX and Metals solutions for listed and cleared OTC products. Sandra holds directorships/founding memberships on several industry boards including Mauritius Blockchain Center of Excellence (MBCE), Avar Robotics (industrial robotics), AlphaPoint (crypto trading/ blockchain), Ohanae (identity & data encryption), SendFriend (remittance start-up), and others. Recently, Sandra has accepted and joined the US State Department’s Speakers Bureau as a blockchain technology expert.

DEAN PATRICK   Venture Partner

Dean is the founder and managing partner of G2H2 Capital, a New York-based hedge fund primarily investing in Initial Coin Offerings (ICOs). Dean brings a deep-dive diligence approach to investing, leveraging his background in economics and computer science at Stanford. In addition to personally investing in dozens of ICOs since 2015, Dean is also an experienced solidity developer. Solidity is the programming language of Ethereum on which the vast majority of ICOs launch. Dean maintains a longstanding relationship with ConsenSys, currently the world’s largest blockchain company. He is currently engaged as a part-time contractor focusing on theoretical work around decentralized reputation and crypto-economic models for decentralized systems.

ADVISORS

Future\Perfect Ventures has gathered an Advisory Board of industry leaders and visionaries who share our vision for a more connected world. They provide guidance to our team and portfolio, and are an important part of the FPV family.

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VICKI CHEUNG

Founding Member,
OpenAI

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DEBORAH ESTRIN

Professor CompSci, Cornell Tech
Founder, Open mHealth

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SUNIL HIRANI

Founder, Creditex,
Digital Asset Holdings

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HILARY MASON

Founder, FastForward Labs
Data Scientist, Accel Partners

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NAVEEN SELVADURAI

Partner, Expa
Co-Founder, Foursquare

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RACHEL WEISS

Head of Digital Innovation,
L’Oreal

PRESS

JALAK JOBANPUTRA: INTERVIEWS & PROFILES

Excerpt from “Kingdom of New York  Jalak Jobanputra: The Barefoot VC on Bitcoin, Mobile Technology and Silicon Alley”

Published in NY Observer, August 2014

“We have all this data being collected by our devices, and the next generation of interesting companies is going to figure out how to sift through it in a way that’s more seamless and beneficial to the user.

Even if there’s hype around something new, I look for a nugget that can grow into something interesting and sustainable. I remember sitting in a conference room at Lehman in ’95 for the Netscape IPO. There was a sense of, “That’s a different way of looking at the organization of information and providing access to information to people who haven’t had access before.” I see a lot that at the core of bitcoin. There will be hiccups along the way as this technology rolls out, but I always think of the pent-up demand in the world for self-empowerment. There are billions of people out there who haven’t had the ability to empower themselves. It’s not because they’re not capable, it’s because they haven’t had the opportunity.”

WRITINGS

BITCOIN AT $10K – THE BEGINNING

The price of bitcoin reached $10K earlier today.  Over the years I have seen a significant change in conversations around virtual currencies (“it’s for drug dealers!”; “there’s no underlying asset!”; “it’s a fraud!” to “how do I buy bitcoin”?;“can you help me look at this ICO?”) and we are no doubt at the cusp of more widespread acceptance of the concept. Read More

Published in recode, November 2017

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TOKEN THOUGHTS ON THE BLOCKCHAIN BOOM

There is also a lot of buzz about ICO’s, or initial coin offerings, a new asset class of cryptocurrencies being issued in crowdsales to fund development of projects on top of Bitcoin or Ethereum (or in some cases, entirely new protocols)…. Read More

Published in The Barefoot VC, May 2017

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ARE BANKS THE NEXT DINOSAURS?

Last week, I spoke at The Economist’s Buttonwood Gathering in NYC about how emerging markets (and Africa in particular) are leapfrogging innovation in the financial services sector. The most documented example of this is M-Pesa’s mobile money platform in Kenya, which I have written about a few times on my blog The Barefoot VC, including in my thesis piece When Third is First. Read More

Published in Medium, October 2015

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RETHINKING IMPACT INVESTING

Impact investing, venture philanthropy and social entrepreneurship are all areas in practice and theory that have been close to my heart for years. As regular readers of my blog know, I was born in Nairobi and grew up visiting the developing world in the 1980s, after my family moved to the United States. Read More

From The Barefoot VC, May 2015

WHEN THIRD IS FIRST

In 2011, I wrote about Jugaad, according to Wikipedia “a colloquial Hindi word that can mean an innovative fix or a simple work-around”. I noted in the blog post that Jugaad is “now an acceptable management technique…and also applies to any kind of creative and out of the box thinking… Read More

From The Barefoot VC, June 2015

SMART DATA, DIVERSITY AND OUR DECENTRALIZED FUTURE

As an avid traveler, observer of the world and a technophile, I’ve been struck by the parallels in the development of technology with the broader evolution of societal structures. These observations have led me to the investment thesis at the core of Future\Perfect Ventures. We’re investing in decentralization as a theme… Read More

From The Barefoot VC, January 2015

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