Web3 is about moving towards a decentralized web and decentralized data distribution. It gives individuals greater control over their information and enhances privacy of personal information. Decentralized autonomous organizations (DAOs) where communities govern and vote using governance tokens can put power into the hands of more people. Other features of Web3 include the ability of online platforms to accept crypto payments through digital wallets. Tess Ventures sees more decentralization on the web and invests in the wide range of teams that are making this a reality.

The Metaverse is about immersive virtual experiences, collaboration, and expanding one’s imagination and experiences. Digital assets like non-fungible tokens (NFTs) and virtual items such as real estate, clothes, etc. are the foundation of the Metaverse. New and improved virtual and augmented reality devices will power the Metaverse. Some analysts have said the Metaverse will be as big as the existing economy, and Tess Ventures sees enormous potential in the Metaverse and will continue to seek high potential projects.

Tess Ventures supports the ideas of transactions powered by crypto currency and of peer to peer financial transactions with minimal intermediary involvement. The increasing presence of cryptocurrency in the financial system has put a spotlight on cryptocurrency. Examples include banks holding Bitcoin and Bitcoin ETFs. Digital tokens can be used as currency and rewards in gaming, business, and the Metaverse. Tess Ventures looks for innovative financial models and instruments and governance models, such as through DAOs, that use cryptocurrency to move money in new and different ways and promote broader economic inclusion and opportunity.

Artificial intelligence can improve the effectiveness and efficiency of business processes, health care, engineering, supply chains, operations, and much more. Tess Ventures invests in companies that use AI and Deep Tech to improve the human condition and create economic prosperity.

Female founded companies receive only 1/30 the venture capital funding of male founded companies. Tess Ventures is committed to investing and advising and using our extensive network to help the team raise capital. We at Tess Ventures have backed many startups where the founder is female or the leadership team has a female leader.

We see that the next big opportunity is in Southeast Asia (SEA), especially in Indonesia. One third of the SEA population is under the age of 30. 90% of SEA internet users are mobile first. They are young, connected, and madly in love with social media. The average user in China and the US spends 6.5 hours online per day. The average Indonesian and Filipino spends 9 hours online per day. Some say if you missed the China train ten years ago, you cannot miss this one. Using Tess Ventures’ experience with Silicon Valley, we are committed to serve as the conduit between SEA and Silicon Valley and beyond. We have already successfully helped our startups expand to SEA.