PTB Ventures is a thesis driven venture capital firm investing in early-stage companies in the digital identity ecosystem. Digital identity is a precondition of the fourth industrial revolution, a transformation that will see trillions of devices connected with billions of people, creating trillions of dollars of economic value from the security and inclusion of billions of people. Identity is the foundation of trust in our social and economic communities. In the networked era, digital identity is the key to secure and inclusive networks, participation in which is directly correlated to our ability to generate value for ourselves and others. Across the globe, identity is at the core of the biggest socioeconomic challenges. The most impactful social and economic applications of today's emergent technologies will be in the digital identity ecosystem. We are living through a period of profound disruption. While the future state is inherently uncertain, we do know that identity and reputation will be foundational to any and all network architectures and service delivery models that emerge. In economic terms, this transformation will reduce both bargaining costs and risks thereby accelerating voluntary exchange on a global scale.