Tomasz Tunguz: Bitcoin Is the Fastest Growing Area of Startup Investment

Tomasz Tunguz: Bitcoin Is the Fastest Growing Area of Startup Investment

Tomasz Tunguz, a partner at venture capital firm Redpoint, has written a post titled "The Fastest Growing Areas of Startup Investment in 2015" on his personal blog. "Which lesser known startup sectors are starting to raise venture dollars?" asks Tunguz. "Where are founders finding unique opportunities to innovate?" The answer: Bitcoin is the fastest growing sector. Tunguz focuses on software investments. Prior to joining Redpoint, he was a project manager at Google working on AdSense. Before Google, Tunguz worked as a Java engineer at Appian Corporation, building tools for the Department....


Related News

Redpoint VC: Bitcoin is Fastest-Growing Area of Funding

Bitcoin is the fastest growing area of startup investment since mid-2012, a venture capitalist at Redpoint has claimed. In his recent analysis of Mattermark data, Tomasz Tunguz noted that investment in bitcoin companies - closely followed by photo sharing and physical storage startups - has grown by 151% in the last three years. Image via Tomas Tunguz. However, Tunguz pointed out that bitcoin startups represent a "minuscule fraction" of the total invested funds - receiving just 0.18% of the total funding in the last year. VC investment in the banking industry has only grown by 65% since....

Asset Managers Expect to Be Using Blockchain in Five Years

A new survey has found that nearly two-thirds (64%) of asset managers expect to using blockchain technology within the next five years. Conducted by consultancy Roubini ThoughtLab, the findings are part of a report entitled "Wealth and Asset Management 2021", a broad research offering that aimed to study how investment providers are embracing new technologies. When asked about technology-enabled investment tools, 39% indicated that they expect blockchain will form a part of next-generation digital wealth management platforms, though it was not the fastest-growing technology among those....

Palarin Brings A Coinbase-Like Bitcoin Exchange To The Philippines

“Global remittances to developing countries, including the Philippines, are estimated to be $516 billion by 2016. Remittances are typically sent from migrant workers sending money back home. Our vision is to allow these individuals to send money back home cheaper.” said Palarin Co-founder Brian Gamido. Palarin, a Filipino startup, launched its user-friendly bitcoin selling and buying service this week. The company hopes to differentiate itself from its large competition by making the service very easy to use and pleasant. Their Philippines is the second fastest growing economy in Asia,....

Blockchain Biometrics Startup Raises $3 Million in New Funding

A startup aiming to bridge the worlds of blockchain tech and biometric security has raised $3m in new funding. HYPR raised the funds from RTP Ventures, Boldstart Ventures and Mesh Ventures. The funding round comes just under two years after the startup closed a $350,000 private investment, while at the time pitching itself as a means to secure bitcoin transactions with the help of a fingerprint. According to George Avetisov, CEO of HYPR, the majority of the funds will be used to build out the startup’s development team, based primarily in New York. Avetisov said of the funding....

Coming to Africa: BitPesa Receives $1Million in Funding

Bitcoin is making progress growing throughout emerging markets worldwide. Africa seems to be the next area for growth in the market of international currency transfers and remittances, via the Bitcoin startup BitPesa. Now, with the help of California's Pantera Capital Management LP, BitPesa has received over $1 million USD in new funding for their burgeoning Bitcoin operations in Africa. In business since November of 2013, BitPesa has started sales of Bitcoin in Kenya and Ghana, and now has a team of 9 full-time employees. BitPesa's growth has been featured on the World bank's website and....