After decades of experience working with software companies, Thoma Bravo, a private equity firm with over $100 billion in assets under management,In this episode of The Scoop, Thoma Bravo founder of Orlando Bravo unpacked the similarities between early software companies and today's crypto landscape, and discussed the thought process behind Thoma Bravo's decision to begin investing in the crypto ecosystem.
This is the same philosophy that has been working for Thoma Bravo since its pioneering success early on in the software industry.“With that philosophy 20 years ago, is how we entered private equity software, which almost nobody was doing at the time… So the same applied to our entry into crypto. We saw a cohort of deals on the growth equity side of our business that just had higher growth, better economics, better valuation, and they were all under an extremely powerful macro movement.
While Bravo cited many similarities between the software industry from the early 2000s and the crypto industry today, he also thinks crypto companies have an edge.rypto companies have “better business models,” Bravo notes."You can build a huge business here with very little capital.” Indeed, Thoma Bravo isn’t the only private equity firm from traditional finance to recognize the fact that crypto founders have unique needs.
How may I do something like that?
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