2. 2
BY THE NUMBERS
• 120 attendees representing 62 portfolio companies and
DCG subsidiaries
• 180 investors representing 120 VC’s, Family offices, funds,
and corporate strategic partners
• 65 presentations and a total of 900 slides
• 992 one on one meetings with 2,200 individual agenda
bookings via Guidebook
4. 4
We believe that digital currency and blockchain technology is
going to transform our financial markets and will drive positive
economic and social change globally
OUR MISSION
It is our mission to accelerate the development of a better
financial system
We do this by building and supporting bitcoin and
blockchain companies and leveraging our insights, network
and access to capital
5. 5
DCG TODAY
• Three wholly-owned subsidiaries:
• Grayscale Investments
• Genesis Global Trading
• CoinDesk
• 28 employees at DCG and our
wholly-owned subsidiaries
• Launching “DCG Corporate
Network” in Q1 2017
Subsidiaries Portfolio
• Investments in 88 companies
• Adding ~2 companies per month
• Global network spanning 25
countries; largest in industry
• Over 1,000 employees in DCG family
Digital Currency
• Own BTC, XRP, ETC, ZEC
6. 6
• C-Corp structure provides us with:
• Flexibility
• Opportunity to build a new investing/operating model
• Permanent capital
• Ability to raise money from strategic investors
• Potential to take DCG public
WE ARE NOT A VC FUND
8. 8
• Target 2-5% ownership at seed stage (invest up to
$200k)
• Focus on strategic life cycle investments (invest up to
$500k in Series A, $1 mm in Series B)
• Join syndicates with other professional investors
• Back the very best teams in our target markets
• Minimize conflicts of interest
OUR INVESTING STRATEGY
9. 9
• DCG portfolio has been the industry’s early VC pipeline
• Continued success à continuing to build symbiotic
relationship with professional investors
DCG FUNDING ANALYSIS
Announced Industry Deals $1.3 billion
Mining Operators $234 million
Non-Mining Deals $1.1 billion
DCG Companies $755 million
DCG companies raised
~70%
of industry funding to date
DCG INVESTING SUCCESS
13. 13
• Supply chain
• Trade finance
• Identity & verification
• Cross border payments
• Digital currency as a speculative investment
WE ARE EXCITED ABOUT
16. 16
• Holds ~1% of all
bitcoin
BITCOIN INVESTMENT TRUST
$0
$70
$140
9/25/13 3/25/14 9/25/14 3/25/15 9/25/15 3/25/16 9/25/16
Millions
Assets Under Management
17. 17
• Ethereum
• “Smart” Smart Contracts
• Decentralized autonomous organizations
• Initial Coin Offerings
WE ARE NOT EXCITED ABOUT…YET
18. 18
• Blockchain, blockchain, blockchain -- hundreds of POCs
• Business model for certain “blockchain” companies continues to be
challenging; venture investing slowing
• Growing number of companies hitting profitability
• Bitcoin scaling debate rages on…and solutions being developed
• Massive bitcoin transaction volume growth in India, Middle East, Nigeria,
Russia, Venezuela
• Digital currency becoming recognized as a new investable asset class, but
little institutional investor interest beyond bitcoin
• Central bank exploration into fiat digital currency; quiet on regulatory front
INDUSTRY STATE OF AFFAIRS
20. 21
PORTFOLIO DEVELOPMENT
We connect our portfolio companies with our broad network to help fuel
collaboration, growth, and development of this industry
21. 22
THE DCG NETWORK
Portfolio (88)
Academia Policy
Co-Investors (700)Corporate Partners (200)
Family Offices & Funds (100)
Institutions
22. 23
KEY PORTFOLIO INITIATIVES
In storage and compute credits to DCG portfolio
companies, infrastructure partner for experimentation$2M
>1,000
Introductions to potential partners both within the DCG portfolio
and the DCG network
In the last 12 months…
40
Events for our portfolio and partners, including workshops,
working groups, and webinars, both in the US and abroad
150
New relationships with corporate partners developed – including
presentations to boards, executives, and technology groups
23. 24
THE NEXT EVOLUTION
Insights on Every Startup
and Consortium
Partnerships & POC
Matching
Events & Exclusive
Network
Announcing…
DCG Corporate Network