Overstock Venture Chief Expects Market for Blockchain Products in 2019

“People often say that ‘blockchain will change the world with dot-dot-dot.’ Now everybody needs to figure out what ‘dot-dot-dot’ is, and build it.”

That’s how Jonathan Johnson, president of Overstock.com’s Medici Ventures, describes the blockchain-focused venture fund’s goals for 2019. He told CoinDesk that, for Medici’s 19 portfolio companies, the focus of the coming year “should change from coming up with new ideas to executing on those ideas.”

Since 2014, Overstock has invested $175 million in Medici’s portfolio companies, a list that includes the security token trading platform tZERO, enterprise tech provider Symbiont, voting app Voatz, lending startup Ripio, data managing platform Factom, and others.

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