Consol Freight CEO talks crypto, fiat investments and protestors at Malta AI and Blockchain Summit

By Jillian Godsil   Dec 01, 2019 2 Min Read



Ernesto Vila, CEO of Consol Freight, presented at the November 2019 Malta AI and Blockchain Summit.

Vila was tasked with commenting on the startup investor landscape and questioned if the blockchain sector was different from traditional tech.

“For sure, there are two different aspects to crypto versus traditional fintech,” he said.  “Crypto investors are used to buying tokens in crowdfunding operations. They do not own part of the company, they do not have voting rights and projects can go very fast and then some."

“But with the ICOs pretty much out of play and STOs more commonplace this is changing the face of investing as now the companies and projects are giving away equity as well – and that creates a stronger partnership with the target company."

“On the flip side, it also means that early startup investors can actually get involved in projects that they like. It’s a very positive thing as the market matures. There is a lot of money out there now that the craziness has abated.”

Vila was asked how he would describe his ideal investor and he was very sure of his answer. He responded, “An ideal investor is someone who brings more than money to the table. Good investments are a bit like a marriage – you have to work hard to make it successful and so an ideal investor would bring experience, networks, advice and mentoring.”

He admitted the early startup investors can be more aggressive but reasonably pointed out that after all, they are punting on an idea rather than a formed business so the risk is higher.

Another panelist from Hong Kong suggested that his Asian location was a great gateway for Chinese investors. Vila was asked if protestors might be an issue for Hong Kong but he pointed out that Spain has protestors too.

“Protestors are everywhere. People are more connected and that is the beauty of technical advances. More protesting but also more connected too.”

Vila was also joined by fellow startups Jay Liang and Claude Waelchli and spoke at the Malta AI and Blockchain Summit 2019.

 

Image via Shutterstock

 


About the author

Jillian Godsil   
Blockchain Advocate, Founder, Conference Chair, Women in Blockchain Advocate, Keynote Speaker, Crypto Journalist, Broadcaster, CEO, Writer, Homelessness Advocate, Former European Parliament Candidate, Law Changer, Mother, Choir Member, Hill Walker, Dreamer Jillian has held senior positions with global PR companies in Sydney, Singapore, London and Dublin. She was PRO of Iona Technologies (Ireland’s first company to float on NASDAQ). She changed the law in Ireland in 2014 and is a former European Parliamentary candidate (as an independent). She is a co founder and journalist in the Blockleaders.io. She freelances for Irish Tech News, Irish Central, The Irish Independent and The Irish Times. She has her own radio shows on DublinCityFM and EastCoastFM. Her first job after graduating from Trinity College was as a systems analyst with JP Morgan. She is advisor to a number of ICOs, has been named a Crypto Queen by In Zero Conferences as well as listed in the 50 most influential women in the global blockchain rollcall. She is named amongst the top 10 people in Blockchain in Ireland. She was voted into the top 20 global Hedera Hashgraph Ambassadors in 2018. She is a board member of EOS Dublin. She is a community leader for Algorand. She is chain agnostic while she loves blockchain. She has been shortlisted for the Image Business Woman of Year and also shortlisted for Woman of the Year by Women in IT. She is passionate about getting women into blockchain – democratising opportunity for all women. She keynotes and chairs blockchain events around the world – including Kiev, Austin, Muscat, Columbo, Dubai, Capetown, Dublin and London.




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