Types of Wallets

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

There are several types of wallets used in the blockchain space.

They can be hot or cold wallets.

Hot means the wallet is connected to the internet and can exchange digital assets directly.

Cold means the wallet is offline and cannot exchange assets until reconnected to the internet.

The cold wallet provides greater security as no one can hack it online.

The hot wallet provides convenience as one can use it to exchange assets more freely.

There are several types of wallets as follows:

Online crypto wallets -- the wallet is provided by an online service.

These are provided by exchanges to enable the flow of digital assets.

Mobile wallets -- the wallet exists on the mobile device.

These make it easy to pay for things using one’s digital assets.

Hardware wallets -- the wallet exists on a hardware device such as a USB stick.

These make it easy to take offline for security purposes.

Desktop wallets -- the wallet resides on your desktop computer.

This makes it easy to access from other applications.

Each has its own advantages and disadvantages trading convenience for security.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.

What Is a Blockchain Wallet

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

A blockchain wallet is an online wallet with which users store and manage their digital assets.

These assets could include cryptocurrencies, tokens, non-fungible tokens called NFTs, or more.

The wallet maintains the links to networks, applications, and other systems.

The wallet has a password for user access and can be recovered using a seed phrase in case the password is lost.

The wallet does not physically hold the digital assets but rather holds the links to those assets.

The wallet has a public key and a private key.

The public key is an address for the wallet and can be used as a means of identifying the wallet.

The private key acts as a password.

The private key is used to ensure the security of the wallet to which the user is the only one who has access.

Web2 applications use the login/password method to provide user access.

The problem here is that the public key and the private key are the same.

By placing a network token into your wallet you can gain access to that network.

The user controls their data through the wallet rather than login/password access.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.

On this episode of Investor Connect, Hall welcomes Alex Chompff, Co-founder and Executive Director of Evolution Ventures and Lead General Partner of MinervaFund. Located in California, Minerva Fund is an active early-stage venture capital firm that invests in women and traditionally underrepresented founders. They focus on identifying and nurturing innovative ideas that often go unnoticed in conventional funding environments. Minerva Fund is dedicated to creating a more inclusive venture capital ecosystem that aims to uplift diverse entrepreneurs and drive meaningful change in the industry.

Alex and his team believe in the power of emerging managers and the necessity of supporting underrepresented groups in the startup landscape. By investing in companies led by diverse founders, they not only promote equity but also tap into a wealth of innovative ideas that have the potential to disrupt traditional markets. The fund emphasizes a unique investment thesis centered on the decomposition of monolithic industries, recognizing that there is considerable market opportunity within sectors that can be transformed through specialization and technology-driven solutions.

Alex Chompff has been active in investing for many years, starting as an angel and then taking on roles leading various deals. His journey began as the Director of Technology for the world's largest venture capital firm in the late 1990s, an experience that provided him valuable insights into the investment landscape. Over the years, he has developed a keen understanding of the venture capital ecosystem, particularly regarding female and underrepresented founders who are often overlooked by traditional investors.

In this episode, Alex discusses his investment thesis for Minerva Fund, focusing on the importance of innovation over invention and the role of technology in transforming industries. He emphasizes the significance of revenue generation as a key indicator of success for startups and the need for diversity in leadership within the venture capital community.

Visit the website: https://evolution-accelerator.teachable.com/ and Linkedin: https://www.evolutionacceleration.com

Get in touch with Alex here: https://www.linkedin.com/in/alexchompff/ and his email: alex@evfm.co

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.