Thoma Bravo’s Take on Crypto
Thoma Bravo, the private equity giant, has taken a cautious stance on cryptocurrency. Despite acknowledging the potential of blockchain technology, the firm’s founder and managing partner, Orlando Bravo, has publicly stated that they are steering clear of companies and products in the crypto space. This comes after their investment in FTX, the now-bankrupt cryptocurrency exchange, turned sour.
Bravo’s comments echo a growing trend of institutional investors becoming more selective about their crypto exposure following the high-profile failures of various crypto projects. While some investors remain optimistic about the future of blockchain technology, many are choosing to wait and see how the industry develops before making significant investments.
Thoma Bravo’s Success Beyond Crypto
Despite the FTX debacle, Thoma Bravo remains a major player in the tech industry. They have successfully orchestrated numerous acquisitions, including Proofpoint, RealPage, Anaplan, and Coupa, showcasing their expertise in identifying and capitalizing on promising tech companies.
Their success in the traditional tech sector demonstrates that even with a setback in crypto, they remain a formidable force in the investment world.
## Takeaways
Thoma Bravo’s decision to distance itself from crypto is a reminder that even experienced investors can be caught off guard by the volatility of the cryptocurrency market. It also highlights the importance of careful due diligence and risk management, especially in emerging technologies.
