Orlando Bravo – co-founder of Thoma Bravo – confirmed that his company plans to invest in the broader blockchain industry.
thomas bravo investment plans
The billionaire businessman revealed his investment plans at the Bloomberg Invest Global virtual conference on Thursday. The interviewer asked him if Thoma Bravo would be a cryptocurrency investor.
Bravo began by emphasizing that his company was a “major investor in FTX’s equity growth round.” He then mentioned that Thoma Bravo will be an important part of the crypto industry in the long run:
“We will be big players on the acquisition side as the industry matures — especially around blockchain technology.”
In Bravo’s view, blockchain provides “better use cases” than existing technologies for tackling real-world problems, compared to database products.
In his company’s view, blockchain simply means that the software market has become “much bigger.” Thoma Bravo is a private equity firm that focuses specifically on software and technology companies.
Bravo said his company is not looking to make massive purchases in space. Instead, they will simply use the growth and equity model for the time being. He also says that late-stage equity has “become very viable to invest in” in terms of blockchain technology.
As the industry matures in the next 2-5 years, Bravo plans to be “one of the first software purchasers in the world” as it was 22 years ago.
Bravo Bullish on BTC
While Bravo has been passionate about blockchain technology in general, he has personally invested in Bitcoin specifically.
Bravo sang bitcoin’s acclaim last week, calling it a “decentralised”, “friction-free” and “borderless” network that young people love. He also sees it as an excellent way to hedge against inflation.
While he did not provide a specific price prediction, he did say that he was “very bullish” on Bitcoin last week. He anticipates many large institutions allocating funds in Bitcoin and believes that this will drive their prices up.
Lately, his instincts have been rather subtle. Bitcoin soared near $56,000 yesterday, regaining its $1 trillion market cap.
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