As an undergraduate at the University of Michigan, Soona Amhaz joined Empowered, a program that inspired her to create a 36-hour prototyping competition where students designed smart products and went on to market them. Starting small in her first year, the competition steadily grew for a decade. Now, it’s backed by Alexa and Google.
Soona’s natural tendency to innovate marked her career path from then on. In 2017, she co-founded Token Daily, a cryptocurrency news platform designed to bring together a community of people interested in all things crypto. Token Daily grew into a community of tens of thousands of users, and after helping many crypto-focused startups build their teams and streamline their products, Soona realized that she was already doing the work of a VC without the capital.
In 2020, Soona founded Volt Capital, a private equity fund dedicated to investing in crypto startups. Soona asserts that crypto is making meaningful advancements, especially over the past year. Volt is capitalizing on this movement by investing in innovative founders who recognize the future value of crypto around the globe. Soona has been featured in Forbes 30 Under 30, spoken on the SXSW State of Crypto Panel, and has had her accomplishments featured in TechCrunch, Coindesk, and Bloomberg.
In this episode of The First Close, we cover:
- The experiences that led Soona to start her own fund
- The inspiration behind Token Daily and how it exploded in popularity
- Where Volt Capital focuses its investments
- Common misconceptions about investing in cryptocurrency
- Where we’ll see crypto hubs emerging in the near future