Lightning Ventures stands at the forefront of the emerging Bitcoin venture capital landscape. We believe that Bitcoin is the global monetary asset of the future, and we invest in companies that align with the success of Bitcoin.
Our mission is to support and accelerate the growth of innovative Bitcoin-native companies through which the future of finance and technology is being built. We invest exclusively in startups focused on Bitcoin and its ecosystem, completely ignoring other cryptocurrencies, tokens, or coin offerings.
Everyone who has sought to truly understand Bitcoin knows that that the rabbit hole is deep. If you're interested in going deeper on Bitcoin and why we've built our entire investment strategy around it, you'll find more below.
Bitcoin is the next logical progression in our monetary evolution, fundamentally re-architecting the traditional monetary network to become more efficient, cheap, and open. This culminates in history's most secure, resilient, censorship-resistant monetary network. With its robust security, irreversible transactions, permissionless nature, distributed network, and capacity for instant borderless micropayments, Bitcoin is disrupting the global financial system and redefining property rights while financially empowering users worldwide and has already become essential in many emerging markets, serving as a store of value and a medium of exchange.
Bitcoin's free and open-source protocol is immune to the capture and influence of any government, company, or group. Traditional and non-traditional currencies or assets, such as the US dollar or Ethereum, are susceptible to manipulation by central banks or other entities and groups of people, rendering them less liquid and portable than they would otherwise be. Ultimately subjecting their users to disenfranchisement and monetary debasement by the rule of a few. By maintaining possession of Bitcoin private keys, individuals can effectively eliminate the potential risks associated with third-party involvement at the protocol level.
Bitcoin is a fundamentally transformative technology disrupting traditional financial systems, driving financial inclusion, and enabling a new era of tech innovation. We aim to capitalize on this opportunity by investing in promising Bitcoin-native startups poised to redefine their respective industries.
Our investment focus includes Bitcoin infrastructure, payment solutions and financial services, and innovative applications built on Bitcoin. We will invest in companies developing foundational technologies and services that benefit from and support the Bitcoin ecosystem, such as mining operations, financial empowerment tools, node infrastructure, wallet solutions, and free and open-source technologies. Some areas of particular interest are:
The rapid growth of the Bitcoin market, increasing institutional interest, and the emergence of new use cases present significant opportunities for investment in the Bitcoin ecosystem. The total market capitalization of Bitcoin has grown exponentially since its inception, reaching over $1 trillion in 2021 and demonstrating the potential for further growth and adoption.
Bitcoin's network effect is becoming increasingly evident, making this an opportune time to invest in Bitcoin-related startups. As more businesses and individuals recognize the potential of Bitcoin, the demand for innovative products and services in this space will continue to grow exponentially.
Major financial institutions, corporations, and investors increasingly recognize Bitcoin's value as a long-term investment and store of value, driving more capital into the ecosystem. Consider the following stats for Bitcoin startups in 2022, deep in a bear market driven by the fastest tightning cycle in over 40 years:
We're still early. Growth in founding and funding of Bitcoin startups continues is accelerating. Ready to invest?
The General Partners of the Node 2 Fund, Mike Jarmuz and Sandeep Goenka, bring unique expertise and dedication to the Bitcoin ecosystem. Their elite team of Advisors and supporting staff bring unmatched hustle and unwavering commitment to Bitcoin. This positions Lightning Ventures as a strong force in supporting Bitcoin startups. Have a general question? Get in touch.
Michael Jarmuz is the Managing Partner and Co-founder of Lightning Ventures. He currently advises Bitcoin companies Azteco, Slice, and Cloaked Wireless. Mike also organizes the annual Unconfiscatable Conference. He has made over 2,000 personal angel investments and loves to share his learnings. Mike is obsessed with Bitcoin, and early-stage technology funding, with a passion for democratizing retail access to private markets. A longtime music industry veteran with a broad spectrum of experience, he previously owned a bar on the Lower East Side and installed Manhattan's second Bitcoin ATM. From living on a plantation farm to sleeping on a tour bus, he has many fascinating stories. Mike splits his time between New York City and Miami Beach. Frequently seen at Bitcoin conferences with his amazing orange-pilling wife, Anastasia, while their ragdoll cat Cannoli patiently awaits their return.
Sandeep Goenka is an experienced Bitcoin entrepreneur and investor. He co-founded one of India’s first Bitcoin exchanges, operating in over 130 countries. Sandeep is a Certified Bitcoin Professional who completed Jimmy Song’s Programming Bitcoin course. He served as President of India's Blockchain and Cryptocurrency Committee, leading the industry’s interactions with government regulators. Sandeep is an active angel investor in Bitcoin startups and an evangelist for Bitcoin adoption. He has spoken at events for YPO chapters across the globe to share his expertise. Sandeep has been profiled in Forbes India magazine and frequently appears on Indian television as a bitcoin expert. He leverages his extensive network in the Bitcoin industry to source promising early-stage investments. Sandeep is passionate about identifying entrepreneurs building the future of finance and brings hands-on experience scaling a Bitcoin business across global markets.