City of Los Angeles and Goren Holm Ventures Partner to Host BlockTankLA at CIS and Issue $25K Pilot and $25K Minimum Investment to Blockchain Startup
Summary
LOS ANGELES--(BUSINESS WIRE)--The Los Angeles Mayor’s Office of Budget & Innovation (MOBI) and Information Technology Agency (ITALA) have partnered with Goren Holm Ventures (GHV) to host a “Shark Tank” style pitch contest for blockchain startups called Block Tank. The winning team will receive a $25,000 minimum investment offer from GHV and a $25,000 pilot project with the City of L.A. to use blockchain technology to address one or more important initiatives. The event seeks to concretize Los Angeles as one of the first cities to leverage blockchain as an innovative solution for public benefit. Famous billionaire investor, Tim Draper, who is known as the father of viral marketing and is an early proponent of Bitcoin and blockchain technology is confirmed. Sponsors for GHV events have included American Airlines, tZero, and eToro, and prior keynote speakers include Steve Wozniak of Apple, Robert Herjavec from Shark Tank, Marcus Lemonis from CNBC’s “The Profit,” Anthony Pompliano of Off the Chain Podcast, and Shruthi Rao of Amazon Web Services.