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Steve Erbst

CRO, Advisor, Board Member, Growth & GTM Executive

📍 Los Gatos, California, United States🔄 Updated November 2026💼 2 investments📅 7 years investing🗓 Last invested Jul 2019𝕏 @upgrade_to_unlock
VC🌍 United States
2
Total investments
1
Early stage
0
Mid stage
0
Late stage
7y
Years active

Portfolio

1 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Investor & Advisor
Jul 2019
BitMovio is a gamified video streaming platform that is enabled by virtual currency and blockchain. The main idea behind the company is that while digital media is evolving towards community, interactivity and freemium models (as seen in the recent success of Fortnite), existing video entertainment players haven’t kept pace with this change. BitMovio aims to resolve this through a freemium, gamified video streaming platform enabled by an in-platform virtual currency and blockchain. This model allows a fundamental reorganization of how content is monetized, how creators are paid and how value and attention are compensated and rewarded. In essence, we provide a decentralized Netflix-Twitch-Patreon-like platform that enables content creators, consumers, and financiers to transparently and instantaneously exchange value and attention. Our team have strong backgrounds in media tech, gaming, blockchain and content from Stanford and MIT, proven track records and multiple successful exits (M&A and IPO) in North America and Asia. Backed by top-tier venture capital firms in Silicon Valley, New York and Boston, BitMovio is on a mission to disrupt the video entertainment industry's centralized content distribution and financing model. For more information, visit www.bitmov.io.
early stageEntertainment
Experience · 8 entries
All (8)
Investments (2)
Founder (4)
2024
Venture Partner
Jun 2024
Valley Capital Partners is a leading boutique early stage venture capital firm with offices in Menlo Park, CA; Pittsburgh, PA, and Hong Kong, HK. Since 1997 our partners have been investing with a simple thesis- we believe in only backing a handful of extraordinary founders at one time. We are proud to day to be investing actively from our 4th core fund and 13th vehicle. We write high conviction, highly concentrated checks of $3M-$7M+ at the earliest stages to help founders build their ideal foundation for growth, followed by checks of up to $30M+ into portfolio companies ready to scale. We believe the best founders have the option who they work with; time and again we have been selected over larger firms due to the referrals of successful prior founders. By working on so few active deals at any time, we can provide extraordinary service to each portfolio company. As a partner to our founders, we connect them directly to an extensive network of family offices, institutions, and individuals for whom we act as their earliest stage institutional capital, and with only 2-3 new investments ever made in a given year, our partners can also spend time helping our founders access the networks they need while they focus on building. Our mandate is to be flexible and creative; each company we believe has its own capital requirements, unique team and culture, and path to execute at scale and we bring the right select networks to engage when our founders are ready to help fill early gaps. We invest solely on a referral basis through our LP, co-investor, founder, and partner networks, with referrals from trusted parties helping ensure fit from the start for long term capital partnerships. With a track record of extraordinary value created by founders we were fortunate enough to be selected to work with since 1997, from Arista to Yubico, we continue to focus today on doubling down on extraordinary founders on a mission to change the world.
2019
Investor & Advisor
Jul 2019
BitMovio is a gamified video streaming platform that is enabled by virtual currency and blockchain. The main idea behind the company is that while digital media is evolving towards community, interactivity and freemium models (as seen in the recent success of Fortnite), existing video entertainment players haven’t kept pace with this change. BitMovio aims to resolve this through a freemium, gamified video streaming platform enabled by an in-platform virtual currency and blockchain. This model allows a fundamental reorganization of how content is monetized, how creators are paid and how value and attention are compensated and rewarded. In essence, we provide a decentralized Netflix-Twitch-Patreon-like platform that enables content creators, consumers, and financiers to transparently and instantaneously exchange value and attention. Our team have strong backgrounds in media tech, gaming, blockchain and content from Stanford and MIT, proven track records and multiple successful exits (M&A and IPO) in North America and Asia. Backed by top-tier venture capital firms in Silicon Valley, New York and Boston, BitMovio is on a mission to disrupt the video entertainment industry's centralized content distribution and financing model. For more information, visit www.bitmov.io.
early stageEntertainment
StrongSalt
Board Advisor & Investor
May 2019
2018
TonyScottGroup
Joint Venture Partner
Jan 2018
2016
Co-Founder & General Partner
Oct 2016
Silicon Valley based early stage venture firm that advises and assists startup founders and their board of directors in initial business development activities and early revenue generation. Establish and administrate early stage advisory boards to assist founders and their investors with product to market development and validation.
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