Blockchain will be a silent rail system in all corporates
Antonio Beja, COO at Consensus Capital, has become a new CV VC Advisory Board member. He tells us how he invests, what he looks for in teams, and why blockchain will change companies.
Antonio, tell us a little about yourself. Who are you?
I am a proud husband and father of three amazing children. I was born in Madrid and have lived in Chicago, Connecticut, Paris, Lisbon, and Bucharest. I've worked in Consulting, Investment Banking, and managed Family Offices worldwide. I love to meet smart people who want to change the world.
What do you do as Chief Operating Officer at Consensus Capital?
I help our portfolio companies develop their true potential while at the same time looking for unique investment opportunities around the world.
What interests you about the investment world?
I like identifying and working with teams that want to change the world for the better and solve real problems that current technology is still not able to. As an investor, you allow imagination to become a reality, and you can change the world for the better.
You are investing in startups. What are the three main points you look at before investing?
When we invest in a startup, we look at the team, the problem they are solving, and the potential market size. The team is the most crucial aspect. In our opinion, a great team can pivot, even if the problem they are trying to solve changes. A great team can adapt. A good team needs to identify a real problem to be solved, for which the solution is truly scalable.
At present, the financial markets are in turmoil. What does it mean specifically for venture capital?
Financial markets are different from Venture Capital markets. We work on a 5 to 7-year timeline and are not looking for immediate returns. We invest in teams that are building, and their potential is defined in the long term. Market turmoil will probably delay potential exits, which will affect returns. Ultimately, a well-financed venture capital investment vehicle will not suffer from short-term market turbulence and might be able to make some exciting investments with less 'hype' in the market.
Is the actual situation a backslash for the cryptocurrencies and the tokenomics?
Not at all. It is just a natural market correction that is normal in an infant economy that is discovering itself. We have lived through several difficult markets, but the aftermath is always a stronger and more mature community. Without these growing pains, the market wouldn't be able to evolve as quickly as it has.
How do you see the development of blockchain & distributed ledger technology in general?
It is inevitably the future. Blockchain will be a silent rail system in all corporate organizations. In the same way that today, we do not question the prevalence and importance of the Internet, blockchain will also be the backbone of the corporate IT infrastructure. I do believe that several different Layers 1 will coexist. There will not be anyone that will rule them all. The specialization will be the norm - the same way doctors are specialized in different practices.
You are intensively involved with technological development. Finally, let's look at the crystal ball: How will the world change in the next five years? What new things are coming that will change our lives?
Blockchain will become more prevalent and have a significant role in making processes better, cheaper, and faster. AI and Quantum computing will also evolve, and a technological revolution will connect us even more than we already are.
When you are not working or investing, what are you doing?
When I'm not working, I study history, spend time with my family, and try to play as much golf as possible!