Steve Wozniak, technology innovator and co-founder of Apple, has been recently announced as co-founder of EQUI Global, a blockchain-focused venture capital fund focusing on blockchain technology and built on a blockchain-powered backend.
EQUI Global aims to change the concept of the traditional industry by enabling non-institutional investments, as well as allowing investors to trade on external crypto exchanges via EquiTokens. The EquiTokens infrastructure is reportedly based on the Ethereum (ETH) blockchain, which is widely used by decentralized applications (DApps) developers.
The company will target “sophisticated” investors that are focused on venture capital funds through investing in EquiToken. The model intends to facilitate the trading experience by allowing for the easy liquidation of tokens through cryptocurrency exchanges.
Wozniak’s history and achievements add significant credibility to the company. In addition, he will help identify technology companies worthy of investment, who will be connected to the company’s board of serial entrepreneurs
“I get ideas pitched to me every single day in fact dozens and I always say no. Since I co-founded Apple with Steve Jobs, this is about the second time in twenty years that I actually said yes,” said Wozniak. “I want to be a part of this. It has to be something I really believe in and I really believe in EQUI.”
Global business outlet Verdict reports that 80 percent of EQUI Global’s investments will be put in technology companies, while the rest will be invested in other fields like real estate and art.
“We’ve already got over 20 businesses that we are looking at and we haven’t even officially launched yet. It’s going to be very exciting,” explained Wozniak.