BitAngels, an elite investor network, is fostering Web3 innovation by prioritizing in-person networking and live pitch competitions. Contrary to the predominantly digital culture of the Web3 industry, BitAngels has embraced face-to-face interactions to build trust and accelerate blockchain growth.
The initiative, founded in 2013 by cryptocurrency pioneers Michael Terpin and David Johnston, connects blockchain entrepreneurs with experienced investors. The group’s live pitching competitions provide a platform for emerging projects to present their ideas, receive real-time feedback, and form strategic partnerships.
“In a digital-first industry, in-person connections add a layer of trust and understanding that virtual meetings simply can’t replicate,” BitAngels said in a statement.
The Power of In-Person Networking
While virtual platforms remain crucial for Web3 projects, BitAngels emphasizes that face-to-face interactions create stronger relationships. Live pitch events allow entrepreneurs to showcase their ideas directly to investors, observing reactions and fostering collaboration.
Notably, the organization’s unique approach has resulted in tangible success for projects like StratEx, a decentralized finance (DeFi) protocol. StratEx recently won first place at a BitAngels pitch competition held during Thailand Blockchain Week in Bangkok.
Jack Hartley, StratEx’s Head of Business Development, delivered a presentation that resonated with judges and attendees, earning the project early-stage recognition. “Presenting in front of seasoned investors provided us with critical feedback and key connections we couldn’t have formed online,” Hartley said.
A Proven Model for Blockchain Growth
BitAngels’ success stems from its combination of traditional investor relationships with blockchain innovation. The organization’s events provide a space for projects at all stages to showcase their solutions while enabling investors to identify promising opportunities.
Since its inception, BitAngels has bridged the gap between Web3 technology and traditional investment practices. Its pitching competitions reward winning teams based on merit, highlighting ideas with real-world impact and scalability.
Looking Ahead
As the Web3 industry continues to evolve, BitAngels remains committed to its in-person engagement model. By hosting live competitions worldwide, the organization facilitates essential connections between investors, developers, and blockchain communities.
For startups like StratEx, these events offer a critical stepping stone toward funding and growth in an increasingly competitive landscape. BitAngels’ approach underscores the ongoing importance of human connection in fostering innovation, even in a digital-first world.