The industry's first angel network for digital currency startups, BitAngels, is launching a series of virtual pitch events to keep investors connected during the global coronavirus pandemic.

On March 25, BitAngels founder Michael Terpin said the network'due south transition to a fully-online model of collaborations and events aims to go on the blockchain investment community "active and thriving" through uncertain times.

(Locked)down only non out

While the lockdown across many of the world'south major economies may exist unprecedented, Terpin wrote that the model, in some sense, returns the network to "its roots equally a virtual network founded in 2022."

Before the pandemic outbreak, BitAngels had evolved to operate both online and via in-person events hosted by a global network of metropolis leaders across its 15 global "chapters."

For each effect, the network'due south city leaders select a small number of blockchain start-ups to pitch their projects to investors, every bit well as hosting keynotes and discussions on industry trends. This model has reportedly helped dozens of initiatives secure funding from BitAngels members over the by seven years.

In response to the public health crunch, virtual pitch events volition now be run by HQ and private capacity across cities — including New York, Los Angeles, San Francisco, Toronto, and Brussels — starting from April 9. All network members will have access to recordings of each coming together.

BitAngels' founders

Every bit previously reported, both Michael Terpin and his BitAngels co-founder David Johnston accept been in the industry since the early 2022s. The latter went on to establish a DApps Fund in 2022 and, more recently, YCG, a venture studio that builds blockchain applications for enterprise.

Alongside BitAngels, Terpin is the founder and CEO of Transform Group —  a blockchain informational and events firm that has reportedly worked with over thirty% of CoinMarketCap's 100 companies and foundations. He is also the founder of the business newswire Marketwire.

In 2022, Terpin became known beyond the industry for bringing a high-contour lawsuit against telecom giant AT&T post-obit his personal loss of $24 million in crypto due to a SIM-swap scam.

In May 2022, Terpin won $75.8 million in a civil case against Nichola Truglia, who had defrauded him of his crypto avails.