Apple Co-Founder Co-Founds EQUI Global

The co-founder of Apple Inc. and technology innovator, Steve Wozniak has been announced as the co-founder of EQUI Global, a company that is being touted as a disruptor of the venture capital industry.

Wozniak had hinted in August that he would be getting involved in a Blockchain project before the announcement made about co-founding this new venture.

Blockchain Powered Fund

EQUI Global is a Blockchain powered venture capital fund that will be focusing on the technology sector. Reportedly, 80% of investments will be tech focused, while the other 20% will be investments in arts and real estate.

According to its announcement, this fund has been designed to disrupt the existing venture capital space by allowing non-institutional investments. EQUI Global will also let investors trade their investments in other cryptocurrency exchanges using EquiTokens.

According to reports, the EquiTokens infrastructure is based on the Ethereum Blockchain platform, which is something that is widely used by DApps developers.

This new venture is planning to target “sophisticated” investors who are focused on venture capital funds and will do so by investing in EquiTokens. The idea behind this model is that investors should easily be able to liquidate their investments via external cryptocurrency exchanges.

Wozniak Lending Credibility

The addition of Wozniak, an industry giant, is a big win for the company as it will give added weight and credibility to EQUI Global. However, he doesn’t only bring credibility to the new venture, he also brings his expertise to the table.

He will be spearheading the effort in identifying the technology companies that are worth investing in, who will subsequently be connected to EQUI Global’s board of serial entrepreneurs.

Wozniak stated that this is second time in the last 20 years that he has agreed to become involved in a project, despite the fact that he receives dozens of business offers as well as ideas on a daily basis, indicating his belief in the success of this new venture.

Wozniak also stated that EQUI Global has already partnered with more than 20 businesses that have not yet been officially launched.

According to EQUI Global’s website, the company was actually officially founded last year, almost to the day. However, since that time, the idea of the company’s model has changed quite a bit. The founders of the company had originally planned to launch EQUI Global as an ICO (Initial Coin Offering) which would use it EquiToken as a fund raiser.

By associating his name with the Blockchain based venture that is using a crypto token as its basis of operation, Wozniak has done an about-face with regard to his skepticism about the cryptocurrency and Blockchain industry.