Orlando Bravo, co-founder and CEO of Thoma Bravo, has confirmed that his company will invest in the wider blockchain industry.
Thoma Bravo’s Investment Plans
On Thursday, the billionaire businessman announced his plans to invest at Bloomberg Invest Global. He was asked by the interviewer whether Thoma Bravo would be interested in investing in cryptocurrency.
Bravo started by reiterating his company’s role in the growth equity round at FTX. He then said that Thoma Bravo would play an important role in the long-term development of cryptocurrency.
“We will be major players on the buyout-side as this industry matures, especially in blockchain technology.”
Bravo believes that blockchain has “better use cases than” existing technologies to address real-world problems.
His company views blockchain as simply a sign that the market for software has become “a lot larger.” Thoma Bravo runs a private equity firm that focuses on technology and software companies.
Bravo stated that the company isn’t looking to do large-scale buyouts. They will instead use a growth equity model. In addition, he said that late-stage growth equity was “becoming very possible to invest in” with regard to blockchain.
Bravo hopes to be “one the first software buyout companies in the world” in the coming 2-5 years as the industry matures, just like he was 22-years ago.
Bravo Bullish on BTC
Bravo is passionate about blockchain technology, but he has personally invested in Bitcoin.
Bravo sang Bitcoin’s praises last Wednesday, calling it a “decentralized”, “frictionless”, and “borderless network” that young people love. It is also an excellent inflation hedge, he says.
Although he didn’t offer a price prediction, he said he was “very bullish on Bitcoin” last week. He believes Bitcoin will rise in price because he sees more large institutions investing in Bitcoin.
His instincts have proved to be quite accurate in recent times. Bitcoin rallied to close to $56k yesterday and reclaimed its $1T market capital.
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