Jack Smith

Blockchain had early use in the art industry, allowing individuals to own digital intellectual property with records stored in the digital blockchain roster. NFTs are used to prove ownership and authenticity of digital art. In June of 2017, a company called Larva Labs released an art collector line called CryptoPunks. The “Punks” were available free of cost for anyone with an Ethereum wallet. Only 10,000 Punks were developed, no two alike, and all were quickly claimed. Ethereum wallet holders may now sell or trade punks for Ethereum coins. The average punk sold for approximately 4.12E, which equated to $2,998 on December 29, 2020. CryptoPunksCryptoPunks are just one example of rare digital art.

Blockchain games also use NFTs; for example, CryptoKitties, a game developed by a Canadian company called Axiom Zen, allows users to use the Ethereum blockchain to represent in-game assets controlled by the user instead of the developer. In-game assets for CryptoKittiesCryptoKitties can be traded in third-party marketplaces requiring no added permissions from the developer.

The ERC-721 is a standard developed by the CryptoKittiesCryptoKitties developer, Axiom Zen, and was also the first standard that represented non-fungible assets. The ERC-721 standard is an inheritable Solidity smart contract, which means other developers can use the ERC-721 to create and develop new compliant contracts that fit their assets using the import tool from the OpenZepplin library. ERC-721 provides permissions to transfer non-fungible assets from one party to another and provides an identifier for that asset’s present owner.

Jack has made a number of early stage investments through his investment vehicle "The Tribe". Investments include:

Jack is an investor in a number of startups, including:

• Novelly
• Cadence
• Levels
• Overflow

Uncork Capital (formerly known as SoftTech VC) is an early stage venture capital firm based in San Francisco and Palo Alto, CA. Backed primarily by institutional investors. As of 2017, there are five funds under management (SoftTech VC II, III & IV), V, and Plus Fund) and are actively investing out of the $100M Fund V.

The firm invests across B2B and B2C opportunities including SaaS, software infrastructure, developer tools, marketplaces, consumer services, and hardware. Notable portfolio companies include Vungle, Fitbit ($FIT), Sendgrid ($SEND), Eventbrite, Wildfire (acquired by Google), Mint (acquired by Intuit), Postmates, Poshmark, Front, LaunchDarkly, Molukule, Shippo, Hired, ClassDojo, StyleSeatStyleSeat, and Vidyard.

SoftTech VC was one of the original institutionalized super angel funds, which morphed out of founder Jeff Clavier's original angel investment activities.

Founder Jeff Clavier started making angel investments in 2004. In 2011, the first SoftTech VC fund of $15 million was raised; representing one of the original institutionalized super angel funds.

• In 2010, Charles Hudson joined as a Partner. He later left the firm in 2016 to found his own Venture Capital Firm: Precursor Ventures
• In 2011, Stephanie Palmeri joined the firm as a Senior Associate. In 2016 she was promoted to Partner
• In 2015, Andy McLoughlin joined as a Venture Partner. In 2016 he was promoted to Partner

There are three investing partners at the firm - Jeff Clavier, Andy McLoughlin and Stephanie Palmeri.

• Thomvest Ventures
• Crosslink Capital
• SV Angel
• Uncork Capital (formerly known as SoftTech VC)
• Webb Investment Network

The round was led by Thomvest Ventures with participation from Crosslink CapitalCrosslink Capital, Google Ventures, AOL Ventures, SoftTech VC, and Webb Investment Network. As part of the funding deal, Vungle is opening up additional offices in Berlin and China.

The round was led by Thomvest Ventures with participation from Crosslink Capital, Google Ventures, AOL Ventures, SoftTech VC, and Webb Investment Network. As part of the funding deal, VungleVungle is opening up additional offices in Berlin and China.

The round was led by Thomvest Ventures with participation from Crosslink Capital, Google Ventures, AOL Ventures, SoftTech VC, and Webb Investment Network. As part of the funding deal, Vungle is opening up additional offices in Berlin and ChinaChina.

The round was led by Thomvest Ventures with participation from Crosslink Capital, Google Ventures, AOL Ventures, SoftTech VC, and Webb Investment Network. As part of the funding deal, Vungle is opening up additional offices in BerlinBerlin and China.

The round was led by Thomvest Ventures with participation from Crosslink Capital, Google Ventures, AOL VenturesAOL Ventures, SoftTech VC, and Webb Investment Network. As part of the funding deal, Vungle is opening up additional offices in Berlin and China.