What $1 Billion Dollars in Financial Deals Taught VC Matthew Roszak

By Amanda Lewan on July 14th, 2015 / Comments

What’s it like to be a serial entrepreneur, an investor who’s facilitated and manged over $1 billion in financial deals, and to lead innovation in the space of bitcoin? It must be a thrilling and exciting time, that’s for sure.

This week at Startup Grind Lansing on Thursday, July 16th from Venture Capitals Matthew Roszak  of Tally Capital with tell you what he’s learned from handling over $1 Billion in financial deals. Roszak has managed over 20 businesses, contributes frequently to the Wall Street Journal and New York Times, and recently created a documentary on Bitcoin called “The Rise and Rise of Bitcoin.”  He’s a huge advocate for innovation inside the Bitcoin space.

“I’m thrilled he is coming to Lansing,” said David Smith of Start Grind Lansing. “He is an experienced business executive on the management team and boards of something like 20 companies.”

We had the opportunity to hear from Matt Roszak earlier this week on a couple tips he has for entrepreneurs seeking investment, and those considering entering the Bitcoin space. You’ll want to make sure you have a broad skill set, and you’re innovating if you’re inside the Bitcoin space. Below are a few insights from Roszak.

During your time as a VC you’ve worked with entrepreneurs a lot. What’s one thing you’d like to see entrepreneurs be more aware of when raising funds?

In terms of raising money, entrepreneurs in the Bitcoin ecosystem many times require a broader set of skills and disciplines in order to execute — that ranges from technology, finance, compliance, marketing, sales and especially regulatory form factors — as we dealing with one of the most regulated industries on the planet: money — in other areas of tech you could simply build, launch and iterate — however in many areas of Bitcoin (wallets, exchanges, payment processing, remittance, etc.) you really need to pressure test your app for security, and also make sure compliance is carefully understood — lastly, it used to be innovative to be in Bitcoin — and now you need to be innovative in Bitcoin.

What are the business opportunities you see in the bitcoin space? 

We are still in the early infrastructure phase of building out the ecosystem (bridges, road and tunnels), as well as slowly turning the tide on the broader trust factors surrounding Bitcoin — and that tide is changing with players like UBS, NYSE, Citibank, Goldman Sachs, Barclays and others jumping on the blockchain — in terms of opportunities, a few key areas of interest include blockchain data/analytics/visualization, identity and IoT — as Bitcoin can easily play the payment rail for machine to machine commerce.

Find out more tips and insights at Startup Grind Lansing.  You can RSVP for this event now and catch this investor on Thursday.

About the Author

Amanda Lewan

Amanda Lewan

Editor @michipreneur. Co-founder Bamboo Detroit. Follow me @Amanda_Jenn. I love telling the story of entrepreneurs and innovators.