Monday, September 16, 2019
City of Los Angeles, Goren Holm To Invest In Blockchain Startup
The City of Los Angeles and investment firm Goren Holm Ventures--the new Blockchain investment firm of Alon Goren and Josef Holm--said they will be funding a blockchain pitch contest at the upcoming CIS blockchain conference. According to The Los Angeles Mayor's Office of Budget & Innovation (MOBI) and Information Technology Agency (ITALA) and Goren Holm Ventures, they will invest $25,000 an a minimum investment offer from GHV, and a $25,000 pilot project with the City of Los Angeles to address an unspecified "important initiative", in a startup that competes in a "Shark Tank" style pitch contest at CIS, an upcoming blockchain conference happening in October. According to the two, judges for the event include billionaire investor Tim Draper.