BitAngels, the digital currency angel investor network, has announced a series of virtual pitch events in an attempt to keep things active through the COVID-19 crisis.

The transition to online-based collaborations and events was announced by BitAngels’ founder Michael Terpin on 25 March, to try to keep the blockchain investment community active through the unprecedented crisis.

Trying to keep an upbeat tone, despite the uncertain times, Terpin noted that returning to an online model was, in a way, returning BitAngels to its roots as a virtual network.

Since being founded in 2013 BitAngels has evolved from a virtual network to a global network of 15 ‘chapters’ active both online and at real-world events. At the real-world events, the chapter leaders invite a small number of blockchain start-ups to pitch to investors – something that has enabled dozens of projects to secure funding over the past seven years.

While the COVID-19 pandemic continues, virtual pitch events will be organised and run by BitAngels’ headquarters and individual chapters, including New York, Los Angeles, San Francisco, Toronto and Brussels, beginning on 9 April.

AYO.NEWS says:

Initiatives like this will definitely help in the short-term, but if the virus crisis continues for a long time, we’ll probably see investment in new projects slump.   

AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.

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