Jason Meyers is the lead architect and the inventor of Pacioli.ai. Jason has broad based investment banking and venture capital experience. Having served for 30 years on the sell side, buy side and the issuer side, Jason brings a significant amount of real-world use case and business experience to the Blockchain space. Jason led hundreds of initial public offerings, secondary offerings, and private placements in a broad range of industries including biotech and healthcare, technology, software and financial services. He took public Alexion Pharmaceuticals which was acquired by AstraZeneca for $40 billion, Medarex, Inc which was acquired by Bristol Myers for $2.5 billion, VCA which was acquired by Maars, Inc. for $9 billion and many others.
Jason founded ICM Capital Markets Ltd., one of the first FinTech investment banks in 2008. He built the world’s first regulatory compliant multi-jurisdictional automated equity compensation plan administration infrastructure platform. His clients included Facebook, Kayak, Steve Madden, Rowan Cos and SIMS Metal Management. Jason also built one of the first automated quantitative XBRL based fundamental research platforms which provided actionable research on over 11,000 public companies around the world.
Jason has chaired audit committees for private and public companies. His experience lends a substantial amount of insight into the architecture of Auditchain. Jason conceived the idea for Pacioli.ai as the result of a financially devastating regulatory conflict with FINRA that began in 2011 as the result of anti-competitive practices and regulatory capture.
Jason began incubating Pacioli.ai in April 2017 after a long and extensive observation of what he believed to be significant deficiencies in traditional audit standards and financial reporting practices. Jason believed that the field of accounting, audit and financial reporting was ripe for disruption when he first read Ian Grigg’s theory of triple entry accounting. Jason spends a significant amount of his time examining the complexities, dislocations and time lag between transaction occurrence, recording, treatment and reporting. His findings led him to the preliminary conclusion that current regulatory disclosure frameworks are not sufficient for digital assets. His work is shaping the architecture of solutions that he believes will lead to new standards of transparency and frequency of reporting in the field of accounting, audit and disclosure.