Bitcoin Conference 2022’s Pitch Day was a platform for the next generation of Bitcoin startups to put ideas and products to the test in a competitive format. The Pitch Day competition, which took place during Enterprise Day, featured companies in three categories: Mass Adoption, Lightning and Infrastructure, and featured three judging panels made up of top investors in the Bitcoin ecosystem – including some of the most active VCs, angel investors and leaders of technology companies that work with Bitcoin internally.
Based on the first version of Pitch Day at Bitcoin 2021, the finalists were selected from a pool of over 500 applicants from around the world. 21 startups representing all major continents were selected and distributed evenly across the three divisions, with each company having 15 minutes to present their pitch and take questions from their section’s panel of judges.
The first segment “Mass Adoption” featured the companies Coinchange, Finnt, GoSats, Arkadiko, FriendsVow, Stacker News and The Bitcoin Company. While the missions of each company varied, they were all united under the umbrella of promoting hyperbitcoinization.
The judging panel included Lead Investor of Stillmark Vikash Singh, Founder and General Partner of OP Crypto David Gan, Managing Partner of XBTO Humla Ventures Greg Carson, and VP of Mining at Galaxy Digital Cassie Clifton.
Bitcoin Company, represented by CEO Ben Price, won the section with GoSats, represented by CEO Roshan Aslam, finishing second. XBTO’s Carson said of the two that passed: “Both had great locations, great markets, great vision; it’s all about adoption.” From their experience, Aslam, who says he “flew all the way from India for the Bitcoin 2022 Pitch Day,” highlighted the benefit of the spotlight, saying GoSats “gained great investor connections and strategic partnerships with other companies” by participating.
The “Lightning” segment showcased companies that are building at the forefront of Lightning network development and using the Lightning network in broader business models.
Judge Rohit Dave, head of corporate development at CashApp, said “The Lightning pitch session was electric. The companies are building innovative products to solve real problems. It was both a treat and a challenge to judge because the entrants set and met such a high standard. ”
Participating companies were Lightning Escrow, Pouch, Hexa Wallet, Alby Inc., VIDA.live, ItchySats and Moon. The judging panel included CashApps Dave, Managing Partner at UTXO Management Tyler Evans, Managing Director at Trammell Venture Partners Christopher Calicott, Managing Partner at Ten31 Grant Gilliam, and founder of Hivemind Ventures Max Webster.
Alby, represented by co-founder Moritz Kaminski, won the section with VIDA.live, represented by CEO Lyle Pratt, finishing second.
The “Infrastructure” segment highlighted companies building products that lie at the core of Bitcoin infrastructure and companies building products that plug Bitcoin into traditional financial rails and services.
Participating companies include CryptoProof, BioFuel Mining, Nunchuk, Moon Mortgage, Guardrail Mining, Distributed Charge and D2X Group. The judging panel included venture capitalist and judge on ABC’s Shark Tank Kevin O’Leary, Bloq Chairman Matthew Roszak, Castle Island Ventures Principal Ria Bhutoria, Nexo Head of Corporate Finance & Investments Tatiana Metodieva, and Ballet CEO Bobby Lee.
Nuncuck, represented by co-founder Darren Pham, won the section with Distributed Charge, represented by founder Andy Schroder, coming second. According to Judge Roszak, Nunchuck, which offers multi-signature coordination software, was the “unanimous winner” that demonstrated “tons of utility,” and Distributed Charge “has the bones of something special.”
Although they did not finish in the top two of the section, Guardrail Mining’s Paul Morris said of the competition, “It was a privilege to attend Pitch Day at Bitcoin 2022. The opportunity provides exposure to high-profile investors and was the catalyst for discussions with many other venture capitalists. If you are a founder ready to raise capital, I encourage you to apply as it was an amazing experience for our entire team.”
BTC Inc’s John Riggins, host of Pitch Day, noted of the event that it “clearly showcased the highest-density collection of emerging talent, vision and ambition in the ecosystem” and that it was “special to see it matched with capital allocators who have a passion to accelerate their growth.”
If you are interested in being considered for a slot on stage, we encourage you to apply here for Pitch Day at Bitcoin 2023! Parameters for participants are open and flexible, so feel free to apply – whether you’re an individual with an idea, a company raising a Series B round, or somewhere in between.
Bitcoin 2022 is part of the Bitcoin Event Series hosted by BTC Inc, the parent company of Bitcoin Magazine.