Looks like Ripple is having a good year so far. The company’s Xpring section, which a venture capital fund, has become a partner of Raised in Space Enterprises, a group that was founded by the ex-president of BMG, Zach Katz.
During the announcements, Katz has affirmed that he also started a partnership with Scooter Braun’s Ithaca Holdings, according to Billboard, which also reported on this story.
The investor, which has affirmed that there are two types of people, the ones that stick to the past and the ones who build the future, is looking for innovative solutions for the people in the music industry.
He has affirmed that he wanted to investigate the intersection between music and technology for a long time now and that his daily job kept him from doing it, but that he will have that chance now.
By using the technology of Ripple and the expertise of people like Braun, which has managed the career of famous people like Justin Bieber and Ariana Grande, Katz believes that he will be able to tackle the worst problem of the industry and help it to become something better in the future.
The Plan Is To Invest In The Top Projects Only
According to Katz, the company will only invest in proven entrepreneurs, not go on a major “spending spree”, which is something important in order to make the initiative work well.
He believes that, by making big investments in people that they can trust, they can certainly obtain the best possible results. The investments are said to range from half a million to 5 million USD.