Three weeks ago I posted an update on one of our Social Leverage portfolio companies Civic.com and their ‘token’ offering. I tried as best I could to explain the idea of tokens a week earlier as I was reading everything I could to just get my understanding up to 20 percent.
Yesterday, Civic closed on a $33 million token sale. Here is Reuters coverage.
Facebook alerted me a few days ago that it had been exactly two years since Vinny and I spent the day golfing in Ireland after running into each other at a fintech conference. While the wind whistled, Vinny pitched me on Civic (which at the time was more about voting) and I kept pushing him to a Lifelock 2.0 idea to get it going. Six months later we became the first investors.
The most amazing piece of news though is this:
Just today the #1 use case for the Bitcoin Blockchain over the last 48 hours was payments. Identity verification, via @civickey, was #2.
I love when a plan comes together, even just a little bit.
Way to go Vinny and team Civic.
Also published on Medium.