THE FUTURE OF VENTURE CAPITAL
Access to funding for small enterprises in less economically developed and newly industrialized countries is extremely limited. Banks often charge large interest premiums and use inappropriate loan assessment criteria for businesses in such localities. Traditional venture capital organizations often employ stringent criteria, which are rarely met by small organizations. After recognizing the opportunity for such entities to connect with a growing currency system, Geneviève has brought cryptocurrency to small businesses and their communities in the form of Geneviève Exchange (GXE) and Geneviève VC (GXVC). GXVC is a venture capital cryptocurrency that offers exposure of the underlying venture equity to its token holders. Token sale proceeds are injected as seed capital in to small businesses. Investment ventures are selected democratically from a shortlist by token holders through Geneviève’s DAO. Furthermore, the holders are offered legal and economic rights pertaining to underlying ventures investments. Investment returns are proportionally distributed quarterly to all token holders as dividends.