Adam Draper: New York's BitLicense Will Hurt Startup Incubators
Boost VC CEO Adam Draper has launched a petition seeking a number of changes to New York's proposed BitLicense framework. The petition calls for New York regulators to limit the amount of information they gather on virtual currency startups to what is mandated by federal standards; that the BitLicense avoid using duplicative language already enshrined in federal law; and that regulators give their approval for what Draper calls a "sandbox of innovation in the financial markets". In a video accompanying the petition, Draper stated that the changes are needed to reduce startup costs for....
Related News
The New York State Department of Financial Services announced revisions for its BitLicense framework, which was revealed to bitcoin companies last year. The regulation has a 30-day comment period before it is will be finalized then implemented. The latest revisions still prompted some concerns from bitcoin companies, particularly the startups. According to Boost VC CEO Adam Draper, the information gathered from such companies must be limited and he launched a petition to gain more support for this proposal. In addition, he proposed that BitLicense should require the government to avoid....
If the current version of BitLicence gets approved, it will lift a huge barrier to innovation and for startup companies acting in the digital currency space. This week Adam Draper, Boost VC CEO, opened a petition in an attempt to remove some of the main BitLicence obstacles. Adam believes that New York State is about to lose a big opportunity to present the most adequate rules for the industry. If made final the current proposed rules by New York's Department of Financial Services would likely shut out New York residents and businesses from this new technology. Following the petition, Adam....
Boost VC, a technology startup accelerator program that accepts startups in groups called "tribes" has announced that it will be going 100% Bitcoin for the foreseeable future. In March, Adam Draper first stated his intention to help 100 Bitcoin companies through Boost VC in the next three years. Now, Boost VC CEO Adam Draper has publicized his decision to refocus Boost VC solely towards the Bitcoin ecosystem, at least for the next few years. Draper hinted that Boost VC may still expand to non-Bitcoin ventures as long as they are similarly bleeding edge. Boost VC has previously helped....
Boost VC CEO Adam Draper will speak at the upcoming Cryptolina Bitcoin conference in Raleigh. RALEIGH, N. C. - Organizers of the Cryptolina Bitcoin Expo announced today that world renowned venture capitalist Adam Draper will be addressing attendees and providing advice to local startups and aspiring entrepreneurs at the event. Draper is a fourth generation venture investor who mentors startups and has invested in leading companies such as Coinbase and Practice Fusion. Draper also founded Boost VC, a startup accelerator and mentorship group. Boost VC Adam Draper to Address Raleigh Bitcoin....
Adam Draper is the founder and CEO of Boost VC, a California-based startup accelerator that focuses on bitcoin related companies. Draper sat down with CoinDesk last week at Inside Bitcoins NYC to discuss the evolution of Boost VC, his interests in bitcoin, and his role in the digital currency industry. It's a bold statement to make: Back in March, Adam Draper told CoinDesk that Boost VC planned to accelerate 100 bitcoin companies in the next three years. While there's certainly no shortage of entrepreneurs looking to enter the digital currency space, Draper's commitment to focus on bitcoin....