BLOCKCHAIN CAPITAL, LLC CCP II, LP OCTOBER 2015 ONE FERRY BUILDING, SUITE 255 SAN FRANCISCO, CA 94111 [email protected] 1 TECHNOLOGY THOUGHT-LEADERS ARE CONVINCED Bill Gates: “Bitcoin is be0er than currency…a technological tour de force.” Ben Bernanke “[Virtual Currencies] may hold long-‐term promise, parDcularly if the innovaDons promote a faster, more secure and more efficient payment system.” Eric Schmidt “Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.” Milton Friedman (1999) “I think the Internet is going to be one of the major forces for reducing the role of government… The one thing that’s missing, but that will soon be developed, is a reliable e-‐cash” Peter Thiel “I do think Bitcoin is the first encrypted money that has the potenDal to do something like change the world.” Al Gore “I’m a big fan of Bitcoin…RegulaDon of money supply needs to be depoliDcized” David Marcus (former CEO PayPal) “I really like Bitcoin. I own Bitcoins. It’s a store of value, a distributed ledger. It’s a great place to put assets." ONE FERRY BUILDING, SUITE 255 SAN FRANCISCO, CA 94111 [email protected] 2 INCUMBENTS EMBRACING THE BLOCKCHAIN NASDAQ -‐ partnered with Chain to launch private company exchange “As blockchain technology conDnues to redefine not only how the exchange sector operates, but the global financial economy as a whole, NASDAQ aims to be at the center of this watershed development,” -‐ Robert Greifeld, NASDAQ CEO, Ci< -‐ launched “Ci<coin” project "Blockchain technology not only has an opportunity to transform financial services but also extend far beyond payments to new use-‐cases and applicaDons across industries," -‐ Debby Hopkins, Chief InnovaDon Officer at CiD Santander -‐ published: “Fintech 2.0 Paper: Reboo<ng Financial Services” “Blockchain technologies could reduce banks' infrastructural costs by $15-‐20bn a year by 2022” Stand