MAMF Ventures Introduces "Proof of Ownership" to Blockchain; Ram Chellamuthu, Founder & CEO of California Communications, Joins as a Venture Partner
MAMF Ventures, specializing in secondary market investing, announces moving "Proof of Ownership" to Blockchain and the joining of Ram Chellamuthu, Founder and CEO of California Communications, as a Venture Partner. MAMF plans to launch a multi-tenant Blockchain SaaS platform for investment firms who wants to maintain 'proof of ownership' of their firm on blockchain in early 2019.
CUPERTINO, Calif., Sept. 27, 2018 /PRNewswire-PRWeb/ -- MAMF Ventures, a Silicon Valley based investment firm specializing in secondary market investing, announced moving "Proof of Ownership"(POO) for its portfolio companies to Blockchain. The move has been welcomed very well. The firm also announced the joining of Ram Chellamuthu, Founder and CEO of California Communications, as a Venture Partner.
Excited about this, Ram Chellamuthu said, "It was such an obvious use-case of Blockchain in an investment firm. I wanted to implement it for my own company the moment I heard it." He added further, "I am excited to join the firm as a Venture Partner. Given my interests and hands-on experience in Investments, A.I. and Blockchain technologies, I plan to bring a difference to the world of secondary venture investing and help drive the transition of POO to blockchain."
Speaking on this development, Raja Appachi, founder of MAMF Ventures said, "We are pleased to announce that Ram will join our fund as a 'Venture Partner'. We are sure that he will help scale our venture platform to next stage. We have known Ram for over 4 years. He brings extensive hands-on expertise on intellectual property, prototyping, product management and sales. I am very positive that he will be a huge value addition to our investment firm. Ram will primarily focus on AI, Robotics, Space and Biotech investments."
MAMF says that when the move of "POO" to blockchain was proposed, many of its portfolio companies and investors expressed interest. Excited about this response, MAMF thinks that other investment firms might also want to move their POO to blockchain. So, MAMF is also in the process of building a multi-tenant blockchain SaaS platform for such investment firms. The beta of the platform will be released to the public early next year.
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About MAMF Ventures
Founded by Raja Appachi in 2014, MAMF Ventures has helps individual investors to invest in seed and late stages of high growth pre-IPO companies. Specializing in secondary market investing, MAMF has multiple successful exits under its belt. Few of the notable investments include Airbnb, MondoDB, Alibaba, Palantir, Actinium and Ekso.
For enquiries, contact
ram(at)calicom.com
+1-415-570-8910
Visit: http://mamfventures.com/
SOURCE MAMF Ventures
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