Rumi Morales Comments on the Crypto Space

Rumi Morales, a venture capitalist, has put in her two cents on the crypto space. In her words, crypto “wasn’t a currency,” but a “wide, green field of opportunity.”

Morales was recently named partner at Outlier Ventures. The project will enable her to focus on blockchain startups and projects that intersect with the internet-of-things, artificial ledgers, and distributed ledger technologies. She began investing in crypto in 2014 during her leadership of CME Ventures, the venture arm of CME group. At this point, Morales is seeking to venture into funding companies that participate in advancing traditional industries. According to Morales,

“You don’t have one master driver for an entire fleet of cars, right? You have cars that are reliant on communicating with other cars, with the roads, with tolls, with electric charging stations . . . this is a natural use case for blockchain because of its decentralization.”

Morales also stated that when it comes to decentralization, “The open-source nature of the internet ultimately became comfortable for people to use . . . I see the same thing happening in the crypto space.”

Any next steps in the space will have to revolve around education – the more education there is, the higher the chance there will acceptance by the government and growth in the space. Morales stated,

“As we saw with Mark Zuckerberg’s Facebook testimony in front of the Senate, many senators are just aware of social media, and the social media business model . . . let’s see what they think when they start to understand more about cryptocurrency and blockchain-driven businesses.”

In terms of one of the hottest cities for crypto – Chicago seems to be the place according to Morales. The city has a unique combination of financial services and traditional industry, which includes talent, corporation, and infrastructure perspective. Morales noted, “I get so optimistic about the progress and potential of this technology because it seems to relevant to everyone.”

Finally, entering the blockchain space may not be very easy for women – but it is possible. The industry is “club-y” and there is a great deal of insider speak. But

“if you still feel like there’s a barrier, know that there are many other senior leaders in this space always looking to support each other . . . we’ve never adverse to anyone reaching out to say ‘hey how do I get more involved?’’”

Even though the industry is comprised of more than 90 percent men, there are female-led companies appearing as well. Morales made a point on the matter, stating, “I want women to know that . . . no one is ever going to close the door on you.”

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